<h1>New Tax Regime FY26: Revised Income Tax Slabs Introduced, Exemptions and Deductions for Salaried Taxpayers Explained</h1> The new tax regime announced in the FY26 Budget introduces revised income tax slabs. Annual income up to Rs 4 lakh is exempt from tax. Income between Rs 4 and 8 lakh is taxed at 5%, between Rs 8 and 12 lakh at 10%, between Rs 12 and 16 lakh at 15%, between Rs 16 and 20 lakh at 20%, between Rs 20 and 24 lakh at 25%, and income above Rs 24 lakh is taxed at 30%. For salaried taxpayers, the nil tax slab extends up to Rs 12.75 lakh, considering a standard deduction of Rs 75,000.