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ARTICLE · 09 FEBRUARY 2026

Union Budget 2026-27 - Direct Tax

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The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2026-27 on February 1, 2026 in the Lok Sabha.

IndiaTax

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2026-27 on February 1, 2026 in the Lok Sabha. The key highlights of the proposed changes are as follows:

1. Tax Slab Rates for AY 2026-27.

There is no change in tax slab rates for AY 2026-27, meaning thereby tax structures for AY 2026-27 remains intact as that were applicable for AY 2025-26.

2. Change in rates of TCS

Changes in the rate of TCS are presented in the table below:

S. No.

Nature of receipt

Current rate

Proposed rate

1.

Sale of alcoholic liquor for human consumption.

1%

2%

2.

Sale of tendu leaves.

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