New Incometax slabs 2026
In the Union Budget 2026, presented on February 1, 2026, Finance Minister Nirmala Sitharaman kept the core personal income tax slabs and rates unchanged for the Financial Year 2026-27 (Assessment Year 2027-28). The structure remains identical to the reforms introduced in the previous year’s budget. Here is the breakdown: 1. New Tax Regime (Default) The…