Budget 2026 News In Marathi: Union Budget 2026-27 Earlier, the Modi government presented the Economic Survey 2025-26 in Parliament on Thursday. The survey clearly shows that the government is gradually moving towards simplifying, simplifying and reforming the country’s tax system. Whether it’s a big income tax break for the middle class or a change in the GST system, the survey suggests that paying taxes in the future will not only become easier but also less tax-intensive.

What are the expectations?

Talking about direct taxes, the biggest announcement is zero tax on income up to Rs 12 lakh. According to the Economic Survey, those with annual income up to Rs 12 lakh will no longer have to pay any income tax. At the same time, salaried individuals will also get a standard deduction of ₹75,000, bringing the tax-free income limit to ₹12.75 lakh. Surveys say this has brought a big relief to the middle class, leaving people with more money to spend. Moreover, the new Income Tax Act, which will come into force from 1 April 2026, will simplify and simplify the tax rules.

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Increase in number of taxpayers

The Economic Survey also shows that the number of taxpayers in the country has increased rapidly. The number of income tax return filers has increased from 69 million in FY 2022 to 92 million in FY 2025. The government claims that this is not due to austerity but due to improved digital systems and formalization of the economy. Importantly, the tax department is now adopting the nudge model, which allows individuals to correct errors through data without fear. This has exposed foreign assets worth over ₹29,000 crore.

Impact of GST Changes

The indirect tax system or GST also introduces a significant change. Under GST 2.0, the government is moving towards a two slab system (5% and 18%). GST on daily use items like soap, shampoo and bicycles has been reduced to 5%, while items like milk, bread and cheese have been exempted. The biggest relief is the abolition of GST on life and health insurance policies, which will make insurance cheaper. Overall, the Economic Survey 2025-26 shows that the government intends to move the tax system forward through simplicity, technology and trust, not through rigor.

Economic Survey 2026: Economic Survey 2026 was announced in Parliament! What does Economic Survey 2026 say?