The personal income tax structure proposed under the Finance Bill 2026 has been presented as a progressive reform, offering relief to lower-income earners while helping the government mobilise much-needed revenue.

Despite a proposed increase in the tax-free income threshold, many taxpayers, especially salaried individuals, are likely to face a higher tax burden from the next fiscal year.

The personal income tax structure proposed under the Finance Bill 2026 has been presented as a progressive reform, offering relief to lower-income earners while helping the…