Union Budget 2026: no big relief for middle-class tax payers

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G. Ramakrishnan with his family.

G. Ramakrishnan with his family. | Photo Credit: Special arrangement

G. Ramakrishnan, selling professional

Annual income: ₹22 lakh

Number of household members: 6

G. Ramakrishnan, 58, of Chennai said middle-class taxation payers specified arsenic him had hoped to spot a revision successful the income taxation slabs amid rapidly rising prices. “The income isn’t increasing for middle-class taxpayers and salaried individuals astatine the aforesaid complaint arsenic inflation. Be it indispensable goods specified arsenic cooking oil, rice, oregon different groceries oregon healthcare oregon fuel, each the prices are consistently increasing. If they had astatine slightest marginally accrued the modular deduction limit, it would person been helpful,” helium said.

Those employed and retired from backstage firms mostly extremity up with a paltry sum arsenic pension, which is hardly capable to screen their expenditures, and they extremity up depending connected the returns from their fixed deposits oregon different specified measures, Mr. Ramakrishnan said. It whitethorn person been importantly beneficial if determination were circumstantial announcements regarding caller taxation concessions for elder citizens, helium added.

I’m going to discontinue successful a fewer years and already deliberation astir aesculapian inflation. It is bully to spot that immoderate of uncommon illness and crab medicines volition beryllium made affordable owing to customs work exemptions, we request much targeted measures. “Despite paying a hefty tax, if I don’t spot immoderate alleviation measures to tackle healthcare expenses, it volition beryllium a struggle,” helium added.

Published - February 01, 2026 11:36 p.m. IST

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