The finance ministry is, however, mulling tax exemptions to boost savings, healthcare and affordable housing. Union Budget 2021-22: Govt likely to leave tax slabs intact but some relief likely, says reports | Photo Credit: BCCL In a dampener for the common man, reports suggest that the government is likely to keep income tax slabs in the forthcoming Budget 2021-22. This means any changes in personal tax rates seem off the table as of now. However, the finance ministry is mulling tax exemptions to boost savings, healthcare and affordable housing. It is to be noted that changes on the personal tax front as the government in 2020 introduced an alternative tax slab structure with lower tax and no exemptions.