Income tax slabs for FY 2026-27 Changed? Check announcements made in Budget 2026 by Nirmala Sitharaman

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. Further, it offers a rebate on taxable income up to Rs 12 lakh , making tax zero. Check the income tax slabs announced by FM Nirmala Sitharaman for the upcoming financial year startting from April 1, 2026 (FY 2026-27).