One number you need: under the new regime, income up to ₹12 lakh is tax-free thanks to the ₹60,000 Section 87A rebate (about ₹12.75 lakh for salaried, after the ₹75,000 standard deduction). Calculate yours →
New regime slabs (FY 2025-26 & 2026-27)
The new regime is the default and applies the same rates to everyone, regardless of age.
| 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% |
- Standard deduction: ₹75,000 (salaried & pensioners).
- Section 87A rebate: up to ₹60,000 — income up to ₹12 lakh pays zero tax.
- Deductions allowed: standard deduction and employer NPS under 80CCD(2). Most others (80C, HRA, etc.) are not available.
Old regime slabs (FY 2025-26 & 2026-27)
The old regime keeps age-based exemptions and the full menu of deductions.
Individuals below 60
| Taxable income | Tax 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)
| Taxable income | Tax 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 (80+ years)
| Taxable income | Tax rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
- Standard deduction: ₹50,000 (salaried).
- Section 87A rebate: up to ₹12,500 — income up to ₹5 lakh pays zero tax.
- Deductions allowed: 80C (₹1.5L), 80CCD(1B) NPS (₹50k), 80D, HRA, home-loan interest under 24(b) (₹2L) and many more.
See your tax in both regimes
Plug your income and deductions into the calculator and get an instant, accurate answer.
Surcharge & cess
A surcharge applies on top of the income tax once total income crosses ₹50 lakh. It is the same under both regimes, except the new regime caps it at 25%.
| Total income | Surcharge |
|---|---|
| ₹50 lakh – ₹1 crore | 10% |
| ₹1 crore – ₹2 crore | 15% |
| ₹2 crore – ₹5 crore | 25% |
| Above ₹5 crore | 37% (old) / 25% (new) |
On top of tax plus surcharge, a 4% health & education cess applies to everyone. Marginal relief limits the surcharge so that crossing a threshold never costs more than the extra income earned.
Did Budget 2026 change anything?
No. The income tax slabs for FY 2026-27 (AY 2027-28) were retained unchanged from FY 2025-26 under both regimes, so every table on this page applies to both years.
FAQs
What are the new regime slabs for FY 2025-26? +
Are the FY 2026-27 slabs different? +
When does surcharge apply? +
Next: compare the old and new regime or check income tax on your salary.