News Update : New or Old? Which I-T regime should you choose for FY 2026-27? Tax rates, slabs explained - SHIVANGHI PAYAL AND SMRITI JAIN

Union Budget 2026 maintains the existing income tax framework, with the new regime offering tax-free income up to Rs 12 lakh for individuals. While the old regime continues with its deductions, the new system has been progressively liberalized since 2020, making it increasingly attractive for middle-income taxpayers. Union Budget 2026 maintains the existing income tax framework, with the new regime offering tax-free income up to Rs 12 lakh for individuals. While the old regime continues with its deductions, the new system has been progressively liberalized since 2020, making it increasingly attractive for middle-income taxpayers. Source: https://timesofindia.indiatimes.com/business/india-business/new-tax-regime-vs-old-tax-regime-after-budget-2026-income-tax-slabs-and-rates-comparison-explained-which-tax-regime-is-better-for-middle-class-salaried-taxpayers/articleshow/127838105.cms Date: 2026-02-01T10:40:41.000Z