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



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