Income tax slabs
FY 2026-27
For FY 2026-27 (AY 2027-28) 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, 2025 (in force 1-Apr-2026, replacing the 1961 Act) — new-regime rates carried in s.202(1) of the 2025 Act itself; rebate in s.156; old-regime rates via the First Schedule to the Finance Act, 2026 (assented 30-Mar-2026), which retained all rates unchanged.
Last reviewed: 2026-08-19
What this year changed
Multiple independent sources (ClearTax, Axis Max Life, TaxGuru summary of the Finance Bill 2026 memorandum, BankBazaar) unanimously report that Budget/Finance Act 2026 made NO change to slabs, rebate, surcharge or cess — FY 2026-27 mirrors FY 2025-26, now administered under the Income-tax Act 2025 ('tax year' replaces PY/AY terminology). The gazette text of the Finance Act 2026 First Schedule and s.202 could not be read directly (see the caveats on the slab-rates index page), but no source conflicts.
Open the source for FY 2026-27 →Research confidence for this year: likely. All figures on this page trace to the sources listed on the index page, which also lists the open verification caveats.
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.