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Tax / Income tax slabs · AY 2025-26

Income tax slabs
FY 2024-25

For FY 2024-25 (AY 2025-26) the new-regime slabs are: nil up to ₹3,00,000; 5% on ₹3,00,000 – ₹7,00,000; 10% on ₹7,00,000 – ₹10,00,000; 15% on ₹10,00,000 – ₹12,00,000; 20% on ₹12,00,000 – ₹15,00,000; 30% above ₹15,00,000. The old-regime slabs are: nil up to ₹2,50,000; 5% on ₹2,50,000 – ₹5,00,000; 20% on ₹5,00,000 – ₹10,00,000; 30% above ₹10,00,000. The new regime is the default; the old regime remains available as an option.

Governing law: Income-tax Act, 1961 — new-regime rates in s.115BAC(1A) as amended by the Finance (No.2) Act, 2024 (w.e.f. AY 2025-26); old-regime rates via Part I of the First Schedule to the annual Finance Act.

Last reviewed: 2026-08-19

New regime
Default · FY 2024-25
Total incomeRate
Up to ₹3,00,000Nil
₹3,00,000 – ₹7,00,0005%
₹7,00,000 – ₹10,00,00010%
₹10,00,000 – ₹12,00,00015%
₹12,00,000 – ₹15,00,00020%
Above ₹15,00,00030%
Rebate

s.87A: 100% of tax up to ₹25,000 where total income ≤ ₹7,00,000; marginal relief where income marginally exceeds ₹7L (additional tax capped at the income above ₹7L). Rebate not available against LTCG u/s 112A; availability against STCG u/s 111A is contested (CPC utility denied it for transfers from 23-Jul-2024 — see the caveats on the slab-rates index page)

Standard deduction

₹75,000 for salary/pension (raised from ₹50,000 by Finance (No.2) Act 2024); family-pension deduction ₹25,000

Surcharge

Nil ≤ ₹50L; 10% > ₹50L–₹1cr; 15% > ₹1–2cr; 25% > ₹2cr — capped at 25% (the 37% band does not exist in the new regime; max marginal rate 39%). Surcharge on capital gains u/s 111A/112A (and per most sources all s.112 LTCG) and on dividend income capped at 15%. Marginal relief at every threshold: extra tax cannot exceed income above the threshold

Cess

4% Health & Education Cess on tax + surcharge

Senior citizens

No age-based variation in the new regime — basic exemption ₹3L for all individuals

Old regime
Optional · FY 2024-25
Total incomeRate
Up to ₹2,50,000Nil
₹2,50,000 – ₹5,00,0005%
₹5,00,000 – ₹10,00,00020%
Above ₹10,00,00030%
Rebate

s.87A: up to ₹12,500 where total income ≤ ₹5,00,000 (residents only); NO marginal relief in the old regime

Standard deduction

₹50,000 for salary/pension; family-pension deduction ₹15,000

Surcharge

Nil ≤ ₹50L; 10% > ₹50L–₹1cr; 15% > ₹1–2cr; 25% > ₹2–5cr; 37% > ₹5cr (max marginal rate 42.744%). Surcharge on 111A/112A (and s.112) capital gains and dividend income capped at 15%. Marginal relief at each threshold

Cess

4% Health & Education Cess on tax + surcharge

Senior citizens

Resident senior citizens (60–79): basic exemption ₹3,00,000 (then 5% to ₹5L). Resident super seniors (80+): basic exemption ₹5,00,000 (then 20% to ₹10L, 30% above)

What this year changed

Rates set by the Finance (No.2) Act, 2024 (the 23-Jul-2024 Budget). New-regime slab widening (3–7L @5%, 7–10L @10%) and the ₹75,000 standard deduction were the headline changes.

Open the source for FY 2024-25 →

Research confidence for this year: confirmed. All figures on this page trace to the sources listed on the index page, which also lists the open verification caveats.

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FY 2025-26 · AY 2026-27
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This is a rate reference, not tax advice. Figures are reproduced from the sources cited above as reviewed on 2026-08-19. Slab rates alone do not determine your liability — deductions, exemptions, special-rate income, surcharge marginal relief and the regime election all change the outcome. Confirm every figure against the bare Act, the relevant Finance Act and the ITR utility, and take advice on your own facts before acting. Nothing here creates an adviser-client relationship.

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