Breaking: Budget 2026–27 Keeps Income Tax Slabs And Standard Deduction Unchanged

Finance Minister Nirmala Sitharaman on Sunday presented her ninth Union Budget since taking charge in 2019, keeping income tax slabs under the new tax regime unchanged from changes made last year 

The income tax slabs under the new tax regime remain as follows:

Income 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%, plus applicable cess.

The standard deduction for salaried individuals continues at ₹75,000.

With the existing standard deduction and the rebate available on taxable income up to ₹12 lakh, salaried taxpayers will continue to have no tax liability on salary income up to ₹12 lakh under the new tax regime.

The budget did not announce any changes to income tax rates, slabs or deductions.