New Delhi, Jan. 27 -- The salaried class can expect some good news from the Union Budget 2025-26 to be presented on February 1 with the Union Finance Minister Nirmala Sitharaman expected to announce significant relief for this section.

According to sources, the government is considering hiking income tax slabs and enhancing the standard deduction to address the concerns of middle-class taxpayers amid rising inflation.

The current tax structure, with a basic exemption limit of Rs3,00,000 under the new tax regime, has drawn criticism for being outdated in the face of escalating living costs.

Experts anticipate an increase in this threshold to provide much-needed relief to small taxpayers, reducing their compliance burden and lowering man...