Income tax slabs for tax year 2026-27
1 min read
Updated 03 Oct 2026
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AI summary
New and old regime slabs, the ₹12 lakh rebate and the standard deduction. Budget 2026 made no change to slabs.
3 sections
New regime (default) — section 202
| Total income | 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% |
- Rebate (section 156): up to ₹60,000, so tax is nil if total income is up to ₹12 lakh. Marginal relief applies just above ₹12 lakh. The rebate does not cover special-rate income like STCG on shares.
- Standard deduction for salary and pension: ₹75,000. So a salaried person pays no tax up to ₹12.75 lakh.
Old regime
| Total income | Below 60 | 60 to 79 | 80 and above |
|---|---|---|---|
| Up to ₹2.5 lakh | Nil | Nil | Nil |
| ₹2.5 – 3 lakh | 5% | Nil | Nil |
| ₹3 – 5 lakh | 5% | 5% | Nil |
| ₹5 – 10 lakh | 20% | 20% | 20% |
| Above ₹10 lakh | 30% | 30% | 30% |
- Rebate: up to ₹12,500 if total income is up to ₹5 lakh.
- Standard deduction: ₹50,000.
On top of slab tax
- Health and education cess: 4% of tax plus surcharge.
- Surcharge for high incomes (see the surcharge guide).
Try the Income Tax Calculator on the Tools page to compare both regimes for your numbers.
Sources
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