Tax SlabsIncome tax calculator and tax slabs, India, 2026-27
Type your yearly income to see the income tax under the new and the old regime side by side, with every step shown. For tax year 2026-27 and financial year 2025-26. Nothing you type leaves your device.
The slabs at a glance, tax year 2026-27
New regime (default), all ages
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old regime, below 60 years
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Senior citizens: nil up to ₹3,00,000. Aged 80 or more: nil up to ₹5,00,000. All old regime slabs
Five facts for 2026-27
- The new regime is the default. Its slabs are the same for every age.
- A resident with taxable income up to ₹12,00,000 pays no tax in the new regime; for a salaried person that means a salary up to ₹12,75,000.
- The standard deduction is ₹75,000 in the new regime and ₹50,000 in the old.
- 4% health and education cess is added to the tax in both regimes.
- The rates are unchanged from financial year 2025-26.
Common questions
What are the income tax slabs for FY 2026-27?
New regime: nil up to ₹4 lakh, 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh and 30% above. Old regime below 60: nil up to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above.
What is a "tax year"?
From 1 April 2026 the Income-tax Act, 2025 replaced the Act of 1961. It uses one term, the tax year, for the year in which income is earned: tax year 2026-27 runs from 1 April 2026 to 31 March 2027. Earlier, that year was called financial year 2026-27 and its return belonged to assessment year 2027-28.
How much tax on a salary of ₹15 lakh?
In the new regime for tax year 2026-27, a salaried person pays ₹97,500 for the year on a salary of ₹15 lakh, about ₹8,125 a month.
Is the result exact?
It is exact arithmetic on the published slabs for an ordinary case. It does not cover capital gains, non-residents and other special cases. Use it to understand your tax, and confirm with the Income Tax Department or a professional before filing.
Sources
- Slabs of both regimes, surcharge and cess for tax year 2026-27: Memorandum explaining the provisions of the Finance Bill, 2026, Ministry of Finance (February 2026), which states that no change is proposed in these rates.
- The same rates, the rebate limits and the deduction limits for financial year 2025-26: Income Tax Department, e-filing portal help page "Salaried Individuals for AY 2026-27".
- Checked on 11 November 2026.
Rates checked on 11 November 2026 against the Finance Bill, 2026 memorandum and the Income Tax Department's e-filing help pages. Tax law changes with every Budget and has many special cases. This page is general information and arithmetic, not tax advice: confirm your own position at incometax.gov.in or with a tax professional.