Income Tax Slabs FY 2026-27: New and Old Regime
Updated 5 November 2026
For FY 2026-27, the income tax slabs are the same as last year. The new regime is the default; you can choose the old regime if it saves you more.
New regime slabs
| Income | Tax rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
- Standard deduction for salaried people and pensioners: ₹75,000.
- Rebate under section 87A: up to ₹60,000, so tax is nil if taxable income is up to ₹12 lakh (₹12.75 lakh for salaried).
- Most deductions like 80C, 80D and HRA are not allowed.
Old regime slabs
| Income | Below 60 | 60 to 79 | 80 and above |
|---|---|---|---|
| Up to ₹2.5 lakh | Nil | Nil | Nil |
| ₹2.5 lakh to ₹3 lakh | 5% | Nil | Nil |
| ₹3 lakh to ₹5 lakh | 5% | 5% | Nil |
| ₹5 lakh to ₹10 lakh | 20% | 20% | 20% |
| Above ₹10 lakh | 30% | 30% | 30% |
- Standard deduction: ₹50,000.
- Rebate under section 87A: up to ₹12,500 if taxable income is up to ₹5 lakh.
- Deductions allowed, such as 80C (₹1.5 lakh), 80D, HRA and home loan interest.
Surcharge and cess
| Taxable income | Surcharge |
|---|---|
| ₹50 lakh to ₹1 crore | 10% |
| ₹1 crore to ₹2 crore | 15% |
| ₹2 crore to ₹5 crore | 25% |
| Above ₹5 crore | 25% (new regime), 37% (old regime) |
Health and education cess of 4% is added on top of tax plus surcharge.
This page is general information, not tax advice. Check the Income Tax Department website or a tax professional for your case.
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