Budget 2027 and Your Salary
Your in-hand pay before vs after the Union Budget on 1 February 2027. Private, no login.
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Set up My Salary →When Is Budget 2027?
The Union Budget is presented on 1 February every year. Budget 2027 is due on Monday, 1 February 2027, usually from 11 am. Income tax changes for salaried people normally apply from the next financial year, FY2027-28, starting 1 April 2027. Most people first see them in their April payslip, after their employer updates payroll.
This page updates once the Budget is announced. Save your salary in My Salary before then, and on Budget day this page will show your own before and after numbers without you entering anything again.
The Rules Today (FY2026-27)
| Taxable income (new regime) | Tax rate |
|---|---|
| Up to ₹4 lakh | 0% |
| ₹4–8 lakh | 5% |
| ₹8–12 lakh | 10% |
| ₹12–16 lakh | 15% |
| ₹16–20 lakh | 20% |
| ₹20–24 lakh | 25% |
| Above ₹24 lakh | 30% |
- Standard deduction: ₹75,000 (new regime), ₹50,000 (old regime).
- Section 87A rebate: no tax if taxable income is up to ₹12 lakh under the new regime, with marginal relief just above it.
- Old regime: 5% / 20% / 30% slabs, with deductions such as 80C (up to ₹1.5 lakh), 80D and HRA.
- Cess: 4% health and education cess on income tax.
- EPF wage ceiling: ₹25,000 a month since 17 September 2026. What changed →
What to Check in the Budget Speech
These are the parts of a Budget that change a salaried person's take-home pay. They are questions to watch, not predictions.
- New regime slabs and rates: do any thresholds or rates change?
- Standard deduction: is ₹75,000 raised?
- Rebate limit: does the ₹12 lakh tax-free limit move?
- Old regime: any change to its slabs, 80C or 80D limits, or its future?
- Employer NPS and other perks: any change to what is tax-free inside your CTC?
- Start date: do changes apply from 1 April 2027 or later?