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Budget 2026: No change in income tax slabs for salaried employees

The Finance Minister did not propose any revisions to Income Tax slabs or rates under either the old or new tax regime for FY 2026-27. The most important announcement for taxpayers is the rollout of the New Income Tax Act, 2025, which will replace the Income Tax Act, 1961, from April 1, 2026

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 Finance Minister Nirmala Sitharaman presents the Union Budget 2026 in the Lok Sabha on Sunday. PIC/PTI

Finance Minister Nirmala Sitharaman presents the Union Budget 2026 in the Lok Sabha on Sunday. PIC/PTI

Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament on Sunday. For salaried employees, the key takeaway from the speech is continuity and simplification rather than new tax cuts or major changes to slabs and rates.

The Finance Minister did not propose any revisions to Income Tax slabs or rates under either the old or new tax regime for FY 2026-27.

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