Income Tax
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Income Tax
Income Tax Slabs – India
Tax Year 2026–27
Old Tax Regime
| Annual Taxable Income | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
New Tax Regime
- No tax payable up to ₹12,00,000 of taxable income due to the Section 87A rebate, with a maximum rebate of ₹60,000.
- Standard deduction of ₹75,000 is available to salaried individuals and pensioners under the new tax regime.
- The same slab structure applies across age groups under the new tax regime.
- The New Tax Regime is the default regime. Eligible taxpayers can opt for the Old Tax Regime, subject to applicable conditions.
- Health and Education Cess of 4% is applicable on the income tax and surcharge, wherever applicable.
- The maximum surcharge rate under the new regime is generally 25%, subject to applicable provisions.