No change in income tax slabs in Union Budget 2026

New Delhi: Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026, keeping income tax rates and slabs unchanged following last year’s major tax reforms.

While the basic tax structure remains the same, the FM announced several measures aimed at simplifying tax compliance and providing relief to taxpayers.

The FM proposed extending the timeline for revising income tax returns from December 31 to March 31 with a nominal fee.

FM Sitharaman also suggested staggered deadlines for filing returns: individuals using ITR‑1 and ITR‑2 will continue to file by July 31, while non-audit business cases and trusts will have time until August 31. Read More...