The Economic Times

Latest income tax slabs for FY 2026-27: Check announcements made in Budget 2026 by Nirmala Sitharaman

Income Tax Slabs FY 2026-27 New Regime vs Old: The Finance Minister unveiled the Union Budget 2026. However, salaried and middle class looked for any relief in the income tax slabs for the upcoming financial year 2026-27. Currently, the highest tax rate of 30% is applicable if the taxable income exceeds Rs 24 lakh and income is exempted up to Rs 4 lakh in financial year in the new tax regime.