Budget 2026: No change in Income Tax slab for Financial Year 2026 - 2027

he Finance Minister did not announce any changes to income tax slabs under either the old or the new tax regime. As a result, taxpayers continue to be governed by the existing slab structures.

While tax rates remained unchanged, the government proposed a procedural ease by extending the ITR filing deadline to 31 March, subject to a nominal late fee

Old Tax Regime Slabs:

• Up to ₹2.5 lakh – Nil
• ₹2.5 lakh to ₹5 lakh – 5%
• ₹5 lakh to ₹10 lakh – 20%
• Above ₹10 lakh – 30%

New Tax Regime Slabs:

• Up to ₹4 lakh – Nil
• ₹4 lakh to ₹8 lakh – 5%
• ₹8 lakh to ₹12 lakh – 10%
• ₹12 lakh to ₹16 lakh – 15%
• ₹16 lakh to ₹20 lakh – 20%
• ₹20 lakh to ₹24 lakh – 25%
• Above ₹24 lakh – 30%

Date: February 2, 2026