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Tax / Income tax slabs · AY 2026-27

Income tax slabs
FY 2025-26

For FY 2025-26 (AY 2026-27) the new-regime slabs are: nil up to ₹4,00,000; 5% on ₹4,00,000 – ₹8,00,000; 10% on ₹8,00,000 – ₹12,00,000; 15% on ₹12,00,000 – ₹16,00,000; 20% on ₹16,00,000 – ₹20,00,000; 25% on ₹20,00,000 – ₹24,00,000; 30% above ₹24,00,000. 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 (final year) — new-regime rates in s.115BAC(1A) as substituted by the Finance Act, 2025; old-regime rates via First Schedule to the Finance Act, 2025.

Last reviewed: 2026-08-19

New regime
Default · FY 2025-26
Total incomeRate
Up to ₹4,00,000Nil
₹4,00,000 – ₹8,00,0005%
₹8,00,000 – ₹12,00,00010%
₹12,00,000 – ₹16,00,00015%
₹16,00,000 – ₹20,00,00020%
₹20,00,000 – ₹24,00,00025%
Above ₹24,00,00030%
Rebate

s.87A: up to ₹60,000 where total income ≤ ₹12,00,000 — income up to ₹12L (₹12.75L salaried with standard deduction) is tax-free. Marginal relief where income marginally exceeds ₹12L: additional tax capped at the income above ₹12L (relief runs out ≈ ₹12.75L). Rebate NOT available against special-rate income (111A STCG, 112A LTCG, lottery u/s 115BB)

Standard deduction

₹75,000 for salary/pension; family-pension deduction ₹25,000

Surcharge

Nil ≤ ₹50L; 10% > ₹50L–₹1cr; 15% > ₹1–2cr; 25% > ₹2cr — capped at 25%; max marginal rate 39%. 15% cap on surcharge for 111A/112A (and s.112) capital gains and dividend income. Marginal relief at every threshold

Cess

4% Health & Education Cess on tax + surcharge

Senior citizens

No age-based variation — basic exemption ₹4L for all

Old regime
Optional · FY 2025-26
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; no marginal relief

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%); 15% cap on capital-gains/dividend surcharge; marginal relief at each threshold

Cess

4% Health & Education Cess on tax + surcharge

Senior citizens

Senior (60–79): exemption ₹3L; super senior (80+): exemption ₹5L — old regime only, unchanged

What this year changed

Finance Act 2025 (Budget of 1-Feb-2025) rewrote the new-regime ladder (₹4L exemption, 30% only above ₹24L) and raised the 87A rebate to ₹60,000/₹12L. Old regime untouched.

Open the source for FY 2025-26 →

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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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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