Budget 2026: No Change in Personal Income Tax Rates, Focus on Stability

• Union Budget 2026-27 maintains unchanged personal income tax rates for individuals under both new and old tax regimes.
• Finance Minister Nirmala Sitharaman emphasized policy continuity, with the new Income Tax Act, 2025, effective April 1, 2026.
• The budget prioritizes simplifying compliance and rationalizing procedures, including redesigned return forms and TDS/TCS relief.
• Individuals earning up to ₹12 lakh annually continue to pay zero income tax under the new tax regime.
• Key changes include extending the updated return filing limit to four years and increasing the TDS limit on rent to ₹6 lakh annually.

Why It Matters: Budget 2026 keeps income tax rates stable, focusing on policy continuity and compliance simplification.