Calculator scope: resident individual, ordinary slab-rate income only. Enter the stated eligible income and deductions. NRI/HUF cases, special-rate gains, family pension and other return-level adjustments require a separate calculation.
These are the normal-income slab rates for FY / Tax Year 2026-27, covering income from 1 April 2026 to 31 March 2027 under the Income-tax Act, 2025. AY 2026-27 is a different filing period for FY 2025-26. The new regime is the default, subject to a valid choice of the old regime.
New regime income tax slabs FY 2026-27
The new regime removes many familiar exemptions and deductions, but some remain, including eligible salary standard deduction and employer NPS contribution subject to conditions. Apply the slabs to taxable income, not automatically to gross salary or CTC.
| Taxable income | Tax rate |
|---|---|
| Up to Rs 4,00,000 | Nil |
| Rs 4,00,001 to Rs 8,00,000 | 5% |
| Rs 8,00,001 to Rs 12,00,000 | 10% |
| Rs 12,00,001 to Rs 16,00,000 | 15% |
| Rs 16,00,001 to Rs 20,00,000 | 20% |
| Rs 20,00,001 to Rs 24,00,000 | 25% |
| Above Rs 24,00,000 | 30% |
For a resident individual with only ordinary slab-rate income, section 156 can rebate up to Rs 60,000 where total income does not exceed Rs 12 lakh. It does not rebate tax on special-rate income such as specified capital gains. An eligible salary standard deduction of up to Rs 75,000 can make Rs 12.75 lakh of salary tax-free when there is no other income. Marginal relief just above Rs 12 lakh is subject to the statute; 4% cess applies after the tax computation.
Old regime income tax slabs FY 2026-27
The old regime allows its eligible deductions and exemptions. Its basic exemption is Rs 2.5 lakh generally; for resident individuals it is Rs 3 lakh at ages 60 to below 80, and Rs 5 lakh at age 80 or above. Non-residents do not receive the age-based enhancement. The table below shows the ordinary under-60 structure.
| Taxable income | Tax rate |
|---|---|
| Up to Rs 2,50,000 | Nil |
| Rs 2,50,001 to Rs 5,00,000 | 5% |
| Rs 5,00,001 to Rs 10,00,000 | 20% |
| Above Rs 10,00,000 | 30% |
Under the old regime the standard deduction is 50,000 rupees and the section 87A rebate applies when your taxable income is up to 5,00,000 rupees, giving a rebate of up to 12,500 rupees.
Surcharge and cess
On top of the slab tax, a health and education cess of 4 percent applies in both regimes. A surcharge also applies at higher incomes: 10 percent above 50 lakh, 15 percent above 1 crore, and 25 percent above 2 crore. The old regime adds a 37 percent band above 5 crore, while the new regime caps the surcharge at 25 percent.
Old regime vs new regime: which to pick
There is no single answer, it depends on how many deductions you claim. As a rule of thumb, the new regime wins for most people who do not claim large deductions, while the old regime can still win if you have a big home loan, high HRA or a full 80C. The cleanest way to decide is to run your own numbers in our old vs new regime calculator, then see your monthly pay in the take-home salary calculator. If you pay tax in instalments, the advance tax estimator works out the due dates.
These rates are for income earned in Tax Year 2026-27. Use that tax year in the new-Act payment flow. The return is filed after the tax year ends; do not treat Tax Year 2026-27 as another name for AY 2026-27.
Frequently Asked Questions
What are the new regime income tax slabs for FY 2026-27?
Nil up to 4 lakh, 5 percent from 4 to 8 lakh, 10 percent from 8 to 12 lakh, 15 percent from 12 to 16 lakh, 20 percent from 16 to 20 lakh, 25 percent from 20 to 24 lakh, and 30 percent above 24 lakh.
Is income up to 12 lakh tax-free in FY 2026-27?
Only for an eligible resident individual and ordinary slab-rate tax. The new-law section 156 rebate is limited to Rs 60,000 and does not eliminate special-rate tax. Rs 12.75 lakh of salary can result in zero tax after the salary standard deduction if there is no other income.
What are the old regime slabs for FY 2026-27?
The general basic exemption is Rs 2.5 lakh. Resident individuals aged 60 to below 80 receive Rs 3 lakh; those aged 80 or above receive Rs 5 lakh. Above the applicable exemption, the old-regime bands reach 5% up to Rs 5 lakh, 20% from Rs 5 to 10 lakh and 30% above Rs 10 lakh.
What is the standard deduction for FY 2026-27?
It is 75,000 rupees under the new regime and 50,000 rupees under the old regime, for salaried people and pensioners.
For Tax Year 2026-27 the new-regime and rebate references are sections 202 and 156; sections 115BAC and 87A refer to the earlier Act. Employer pension is salary income; family pension has a separate deduction.
Sources: Amended Act, sections 19, 156 and 202; Finance Act 2026 surcharge schedule.