New Delhi. Relief news has come out of the box of Union Budget 2026 for the middle class and working people. The government has focused on saving taxpayers by making the Income Tax New Slab 2026-27 more practical. After the new announcements, now people of low income group will get great relief from the tax burden, which will increase their ‘in-hand salary’. The main objective of the government is to simplify the tax system and make the tax filing process transparent. New Tax Slabs 2026-27: How much tax will you pay on your earnings now? After Budget 2026, the tax slab limits have been revised under the new tax regime. Its direct benefit will be available to those people whose annual income falls in the middle category. 3 biggest reliefs of Budget 2026: Increase in Basic Exemption Limit: Now the limit of tax free income has been increased, due to which no tax will have to be paid on the initial income. Standard Deduction: The amount of standard deduction has been increased for salaried people, which directly reduces your taxable income. Tax Rebate: The government has made the rebate limit even more attractive under the new tax regime, due to which your ‘effective tax’ will become zero up to a certain income. How will the middle class and freelancers benefit? The changes made in the budget will not only help the salaried class, but also freelancers and small businessmen in planning their tax savings. Increase in net income: Due to lower tax rates, people will have more money to spend and invest. More money will be saved, which will increase consumer demand in the market. Simple filing: Under the new rules, the burden of documentation will now be reduced. The Income Tax portal has been made more high-tech to ensure fast refunds. Experts’ Opinion: Should you choose the ‘New Tax Regime’? According to economic experts, after Budget 2026, the New Tax Regime is now proving to be more beneficial for most of the taxpayers. Especially for those who do not want to get into the hassle of complex investments (80C etc.) and prefer to pay taxes directly at lower rates. However, people living in the old regime through investment have been advised to re-do their calculations. Overall, this decision of Income Tax Budget 2026 is a big step towards rewarding honest taxpayers and increasing tax compliance under Digital India.