🇮🇳 India

Income Tax Slabs — FY 2025-26 (AY 2026-27)

Full slab rates for both the New Regime and Old Regime, including senior citizen thresholds, surcharge, and cess.

FY 2025-26 / AY 2026-27 Last reviewed 3 Sep 2026

New Tax Regime (default regime)

Income Range	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%

Standard deduction: ₹75,000 for salaried individuals and pensioners
Section 87A rebate: tax reduced to nil for taxable income up to ₹12,00,000 (salaried, after standard deduction)
Applies to all age groups — no separate slabs for senior citizens under the New Regime
Most deductions (80C, 80D, HRA, home loan interest) are not available under this regime

Old Tax Regime

Individuals below 60 years

Income Range	Rate
Up to ₹2,50,000	Nil
₹2,50,001 – ₹5,00,000	5%
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

Senior citizens (60–80 years)

Income Range	Rate
Up to ₹3,00,000	Nil
₹3,00,001 – ₹5,00,000	5%
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

Super senior citizens (above 80 years)

Income Range	Rate
Up to ₹5,00,000	Nil
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

Standard deduction: ₹50,000 for salaried individuals and pensioners
Section 87A rebate: tax reduced to nil for taxable income up to ₹5,00,000
Allows deductions under 80C (₹1.5L), 80D (health insurance), HRA exemption, home loan interest, and more

Surcharge (both regimes)

Taxable Income	Surcharge
Up to ₹50,00,000	Nil
₹50,00,001 – ₹1,00,00,000	10%
₹1,00,00,001 – ₹2,00,00,000	15%
Above ₹2,00,00,000 (New Regime cap)	25%

Under the Old Regime, surcharge can go up to 37% for income above ₹5 crore (except for certain capital gains and dividend income, which are capped lower). The New Regime caps maximum surcharge at 25%.

Health & Education Cess

A 4% cess is added on top of income tax (plus surcharge, if applicable) under both regimes.

New vs Old — A Quick Way to Decide

The single biggest factor is how much you claim in deductions. The exact crossover point shifts with your income level, but as a general pattern: claim only modest deductions and the New Regime's lower rates plus the ₹12 lakh rebate usually win; claim substantial deductions (large HRA, home loan interest, 80C, 80D combined) and the Old Regime can pull ahead.

Worked example — ₹15,00,000 income

Scenario	New Regime	Old Regime (₹6L deductions)
Taxable income	₹14,25,000	₹9,00,000
Tax before cess	₹93,750	₹92,500
Cess (4%)	₹3,750	₹3,700
Total tax	₹97,500	₹96,200

At ₹15,00,000 income, the crossover happens around ₹6,00,000 in combined deductions — noticeably higher than a quick "₹4-4.5 lakh" rule of thumb might suggest. Below that deduction level, the New Regime wins; above it, the Old Regime edges ahead. The exact crossover shifts with your income, so it's worth checking both ways for your specific numbers using the calculator below rather than relying on a flat rule.

Want to see these slabs applied to your actual income, and compare both regimes automatically?

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Frequently Asked Questions

Which regime should I choose — New or Old?+

It depends on how much you claim in deductions and your income level. As a general pattern, claiming only modest deductions favors the New Regime's lower rates and ₹12 lakh rebate, while substantial deductions (large HRA, home loan interest, 80C, 80D combined) can tip things toward the Old Regime — but the exact crossover point shifts with income, so it's worth checking both ways for your specific numbers.

Can I switch between regimes every year?+

If you're salaried with no business income, yes — you can choose a different regime each financial year when filing. If you have business or professional income, switching back to the Old Regime after choosing New has restrictions.

Is the ₹12 lakh rebate a tax-free threshold?+

Not exactly. The Section 87A rebate reduces tax to nil for taxable income up to ₹12,00,000 under the New Regime, but income above that is taxed normally from ₹0 using the slab rates — it isn't a higher tax-free threshold, it's a rebate that cancels out the tax below that point.

Do senior citizens get a higher exemption under the New Regime too?+

No. The New Regime uses the same slabs for all age groups. Higher exemption thresholds for senior and super senior citizens only apply under the Old Regime.

ESTIMATE ONLY

These figures are for general reference. Tax slabs can change with each Union Budget — verify with the Income Tax Department or a qualified CA before filing. See our full disclaimer.