Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026–27 in Parliament today, outlining the government’s fiscal roadmap for the coming financial year. The Budget is expected to focus on sustaining economic growth while maintaining fiscal discipline, with particular attention on capital expenditure, infrastructure development, and long-term structural reforms.

Key Highlights

• Union Budget 2026 expected to prioritise capital expenditure, infrastructure growth and long-term economic stability.
• Income tax regime likely to remain stable, with focus shifting towards fiscal discipline and investment-led growth.

Income tax proposals remain one of the most closely watched aspects of the Budget, especially after the substantial relief measures announced last year. In the previous Budget, changes under the new tax regime effectively reduced tax liability for middle-income earners by raising exemption limits and enhancing the standard deduction. Given those reforms, major alterations to income tax slabs are not widely anticipated this year, although taxpayers and industry bodies continue to seek further rationalisation.

Beyond taxation, the Budget is likely to reaffirm the government’s emphasis on capital investment as a key driver of growth, with continued allocations expected for infrastructure sectors such as railways, roads, renewable energy, defence, and urban development. Support for manufacturing, exports, and employment generation through policy incentives is also expected to remain a priority.

Also Read: Budget 2026: Taxpayers Seek Higher Deductions & Slab Relief

The Union Budget 2026 is being closely tracked by markets, businesses, and households, as it will set the tone for economic policy in the year ahead while balancing growth objectives with fiscal prudence.