Income Tax Slab for fy 2026 27 in India
New Tax Regime Slabs (Default)
| 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% |
- Effective Zero Tax: Resident individuals with a taxable income up to ₹12 lakh pay zero tax due to a full rebate of up to ₹60,000 under Section 87A.
- Salaried Employees: Including the ₹75,000 standard deduction, the effective tax-free limit extends to ₹12.75 lakh.
- Surcharge: Capped at 25% for high-income earners (compared to 37% in the old regime).
Old Tax Regime Slabs (Optional)
| Taxable Income (₹) | Individuals (<60 yrs) | Senior Citizens (60–80 yrs) | Super Seniors (>80 yrs) |
|---|---|---|---|
| Up to 2,50,000 | Nil | Nil | Nil |
| 2,50,001 – 3,00,000 | 5% | Nil | Nil |
| 3,00,001 – 5,00,000 | 5% | 5% | Nil |
| 5,00,001 – 10,00,000 | 20% | 20% | 20% |
| Above 10,00,000 | 30% | 30% | 30% |
- Standard Deduction: Fixed at ₹50,000 for salaried individuals.
- Effective Zero Tax: Income up to ₹5 lakh is tax-free after the Section 87A rebate of ₹12,500.
Key Rules & Changes for FY 2026-27
- New Income Tax Act 2025: Effective from April 1, 2026, this act replaces the 1961 version, aiming to simplify compliance and terminology (e.g., using “Tax Year” instead of “Assessment Year”).
- Health and Education Cess: A 4% cess is added to the total tax liability (plus surcharge, if any) in both regimes.
- LTCG Tax: Long-term capital gains on listed equity and equity mutual funds are taxed at 12.5% for gains exceeding ₹1.25 lakh
- New Income Tax Act 2025: Effective from April 1, 2026, this act replaces the 1961 version, aiming to simplify compliance and terminology (e.g., using “Tax Year” instead of “Assessment Year”).
- Health and Education Cess: A 4% cess is added to the total tax liability (plus surcharge, if any) in both regimes.
- LTCG Tax: Long-term capital gains on listed equity and equity mutual funds are taxed at 12.5% for gains exceeding ₹1.25 lakh.
income tax slab for fy 2026 27 calculator,
You can use officail calcuator from income tax Website for Tax Year 2026-27 click here
Now there is change in terminology from 01.4.2026 (e.g., using “Tax Year” instead of “Assessment Year”). tax year 2026-27 means income earned from 1st april 2026 to 31st march 2027.
Read Also
New Income Tax Act 2026 from April 1: What deductions and exemptions you lose under new tax regime
List of Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27
Income Tax Rules 2026 PDF DOWNLOAD Notification ENGLISH AND HINDI
Top 10 key points about income tax rules 2026 from 1st April 2026
For more Visit Income Tax Website of India Click here
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