India, Jan. 27 -- Finance Minister Nirmala Sitharaman will present her ninth consecutive Budget on February 1 in the Lok Sabha amid expectations of overhaul of Customs duty regime, much on the lines of GST structure rationalisation, and more reform measures to boost economy in the wake of hightened geo-political uncertainty. Budget is also likely to outline the path of targeting of debt-to-GDP ratio as India's fiscal management focus shifts from managing deficit to lowering of debt.

For individuals, who last year got a big relief in terms of Income Tax exemption limit hike to INR 12 lakh and later GST rate cuts, are still hoping for some relief in standard deduction. HERE ARE THE TOP EXPECTATIONS FROM BUDGET 2026-27 With the new and simp...