New Delhi, Feb 1 (PTI) Following are the revised slabs and rates under new tax regime announced in the FY26 Budget: Income up to Rs 4 lakh (per annum) ----- Nil Between Rs 4 and 8 lakh ---------------- 5 per cent (tax) Between Rs 8 and 12 lakh --------------- 10 per cent Between Rs 12 and 16 lakh -------------- 15 per cent Between Rs16 and 20 lakh --------------- 20 per cent Between Rs 20 and 24 lakh -------------- 25 per cent Above Rs 24 lakh ------------------------- 30 per cent * Nil tax slab will apply for annual income up to Rs 12 lakh (Rs 12.75 lakh for salaried tax payers with standard deduction of Rs 75,000) under new tax regime. PTI HVA CS HVA

New tax regime rates revised, introducing tiered marginal tax bands and expanded nil-tax threshold for FY26. The FY26 Budget revises the new tax regime by prescribing tiered marginal tax bands with increasing rates across successive income ranges. It also enlarges the nil-tax threshold under the new regime, applying a zero-tax band up to a specified income level for general taxpayers and a higher threshold for salaried taxpayers reflecting the standard deduction adjustment.