Budget 2026 LIVE Update: The budget presentation is just a short while away. In a few moments, Finance Minister Nirmala Sitharaman will present the accounts and roadmap for the upcoming financial year. The general public has high expectations for this budget. Government employees, private sector employees, taxpayers, farmers, and business owners all have high hopes. Nirmala Sitharaman is all set to present her ninth consecutive budget. The Finance Minister will present the budget at 11 AM. Farmers, youth, and investors are all awaiting major announcements. Salaried individuals, the middle class, women, and farmers are hoping for significant relief from this budget.
This budget is being presented at a time when India has become the world’s fourth-largest economy. It is expected that some special announcements will be made for every section of society. Currently, every segment of society wants to know whether there will be any changes in the tax slabs in the Budget 2026.
Where to watch the budget live?
If you also want to watch Finance Minister Nirmala Sitharaman’s budget speech live from the comfort of your home, then let us tell you that the live telecast of Budget 2026 will be available on the official parliamentary channel, Sansad TV, and the national television channel, Doordarshan. Besides Doordarshan, live coverage of the budget will also be available on the Government of India’s official YouTube channel.
Income Tax
In last year’s budget, Finance Minister Nirmala Sitharaman announced that no tax would be levied on annual income up to ₹12 lakh under the new tax system. Salaried employees also received a standard deduction of ₹75,000. However, many taxpayers are still outside this category and continue to use the old tax system. It is estimated that the exemption limit may be increased to ₹12-14 lakh per annum.
TDS Deduction
In Budget 2025, the government may make a major announcement regarding TDS deduction for senior citizens. The TDS deduction limit was increased from Rs 50,000 to Rs 1 lakh. The limit for income from rent was increased from Rs 2.40 lakh to Rs 6 lakh per year. However, there is now a demand to increase it to Rs 10 lakh per year. For senior citizens, there is a demand to increase this deduction limit from Rs 1 lakh to Rs 2 lakh per year.
What announcements for farmers?
Under the PM Kisan Samman Nidhi scheme, farmers currently receive ₹6,000 annually. Farmers hope this limit will be increased. It is being speculated that the amount should be doubled to ₹12,000.