The Budget 2026-27 proposes reducing income tax rates for the salaried class and modifying tax slabs, while maintaining a total tax revenue target of ₹15,267 billion with specific allocations from petroleum levy (₹1,727 billion), sales tax (₹4,727 billion), customs duty (₹1,651 billion), and federal excise duty (₹143 billion).
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Budget 2026-27: How Much Relief for Salaried Class? | Breaking News | 92NewsHDAdded:
Financial Year [Music] Tax revenue limit proposed to be kept at ₹15,267 billion in the Budget for 2026-27 [Music]. The target is to raise ₹1,727 billion from petroleum levy, ₹4,727 billion from sales tax, ₹1,651 billion from customs duty and ₹143 billion from federal excise duty. The budget also includes reduction in income tax rates for salaried class and changes in tax slabs. There is a possibility of the fixed tax scheme being amended for the first time for Tajs.
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