Income Tax Slabs for FY 2025-26: New and Old Regime Rates
Income up to ₹12,00,000 attracts zero tax in FY 2025-26 (new regime). With the ₹75,000 standard deduction, salaried income up to ₹12,75,000 is tax-free.
New regime slabs: Individuals & HUF (all ages)
Rates apply to taxable income (what's left after the standard deduction). The rebate then wipes out the bill entirely for incomes under the ceiling.
| Band | Taxable income | Rate |
|---|---|---|
| 1 | Up to ₹4,00,000 | Nil |
| 2 | ₹4,00,001 – ₹8,00,000 | 5% |
| 3 | ₹8,00,001 – ₹12,00,000 | 10% |
| 4 | ₹12,00,001 – ₹16,00,000 | 15% |
| 5 | ₹16,00,001 – ₹20,00,000 | 20% |
| 6 | ₹20,00,001 – ₹24,00,000 | 25% |
| 7 | Above ₹24,00,000 | 30% |
| Rebate: the Section 87A rebate wipes out slab tax of up to ₹60,000 when taxable income is ₹12,00,000 or less. | ||
| Marginal relief: just above ₹12,00,000, tax is capped at the amount by which taxable income exceeds the limit (plus cess). | ||
| Standard deduction: salaried taxpayers deduct ₹75,000 first, so salary up to ₹12,75,000 is tax-free. | ||
Surcharge and cess
Surcharge is a percentage added to your tax (not your income) once total income crosses ₹50 lakh. The new regime caps it at 25%; the old regime goes to 37%.
| Total income | New regime | Old regime |
|---|---|---|
| Up to ₹50,00,000 | Nil | Nil |
| ₹50,00,001 – ₹1,00,00,000 | 10% | 10% |
| ₹1,00,00,001 – ₹2,00,00,000 | 15% | 15% |
| ₹2,00,00,001 – ₹5,00,00,000 | 25% | 25% |
| Above ₹5,00,00,000 | 25% | 37% |
A 4% health and education cess applies on tax plus surcharge in both regimes. Marginal relief softens the jump at each surcharge threshold.
Old regime slabs by age
The old regime keeps age-based exemption limits and the full deductions basket (80C, 80D, HRA, home-loan interest). Standard deduction here is ₹50,000 for salaried taxpayers.
The old-regime slab structure did not change between FY 2025-26 and TY 2026-27. The tables below apply to both years.
Individuals below 60
| Taxable income | 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% |
| Rebate of up to ₹12,500 when taxable income is ₹5,00,000 or less, so tax is zero up to that line. | |
Senior citizens (60–79)
| Taxable income | 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% |
| Rebate of up to ₹12,500 when taxable income is ₹5,00,000 or less, so tax is zero up to that line. | |
Super senior citizens (80 and above)
| Taxable income | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Check your own number
Slab tables tell you the rates; this tells you your bill: both regimes, rebate, surcharge and cess included, for the current tax year.
₹1,50,800
tax a year · ₹12,567 a month
Take-home ₹16,49,200 a year · ₹1,37,433 a month
₹75,000 deductions · 8.4% effective
₹3,04,200
tax a year · ₹25,350 a month
Take-home ₹14,95,800 a year · ₹1,24,650 a month
₹2,00,000 deductions · 16.9% effective
The new regime keeps ₹1,53,400 more of your money this year, about ₹12,783 a month. That assumes ₹1,50,000 in 80C; add your real deductions to refine it.
The old regime only wins if your old-regime deductions exceed ₹6,41,667 a year. The pre-filled 80C basket counts ₹1,50,000.
For TY 2026-27, your estimated tax under the new regime is
₹1,50,800
Slab breakdown
- 0% on ₹4L
- 5% on ₹4L
- 10% on ₹4L
- 15% on ₹4L
- 20% on ₹1.25L (marginal)
How your ₹17,25,000 of taxable income fills the new regime's slabs. Only the slice inside each band pays that band's rate.
Taxable income
| Gross income | ₹18,00,000 |
| Standard deduction | − ₹75,000 |
| Other deductions | − ₹0 |
| Taxable income | ₹17,25,000 |
Estimated tax
| Tax by slab | ₹1,45,000 |
| Rebate (Sec 156†, old 87A) | − ₹0 |
| Surcharge | + ₹0 |
| Health & education cess (4%) | + ₹5,800 |
| Total tax | ₹1,50,800 |
Monthly estimate
| Monthly TDS estimate | ₹12,567/month |
| In-hand after tax (before PF and other payroll cuts) | ₹1,37,433/month |
Uses the TY 2026-27 slab sets under the Income-tax Act 2025; compiled 1 July 2026, CA review in progress. Covers salary and other ordinary income with surcharge, marginal relief, the HRA exemption and the main old-regime deductions; it doesn't yet handle capital gains or business income (see all calculators). Take-home means income minus this tax, before PF and other payroll cuts. Your employer's monthly TDS may differ; they project your full-year income and adjust as facts change. † 2025-Act section number pending verification against the Gazette text. See every assumption.
What changed from last year
FY 2025-26 was the big reset. Against FY 2024-25, the nil band widened from ₹3,00,000 to ₹4,00,000, a 25% slab appeared, and the 30% rate now starts at ₹24,00,000 instead of ₹15,00,000.
The headline move: the Section 87A rebate ceiling jumped from ₹7,00,000 to ₹12,00,000 (maximum rebate ₹60,000). That alone zeroed the bill for anyone earning up to ₹12,75,000 of salary. The standard deduction stayed at ₹75,000. These numbers carried into TY 2026-27 unchanged.
Slabs for other years
Questions people actually ask
Up to what income is tax zero in FY 2025-26?
₹12,00,000 of taxable income under the new regime. The Section 87A rebate wipes out slab tax of up to ₹60,000. Salaried taxpayers get the ₹75,000 standard deduction on top, so salary up to ₹12,75,000 is tax-free. The old regime's ceiling stays at ₹5,00,000.
What happens just above the ₹12,00,000 rebate limit?
Marginal relief caps the extra: you never pay more tax than the amount by which your taxable income exceeds ₹12,00,000. At ₹12,50,000 taxable income you pay ₹50,000 plus 4% cess (₹52,000 in total) instead of the ₹70,200 the slabs alone would charge. The cliff people fear is actually a ramp.
Do senior citizens get different slabs?
Only in the old regime: the exemption limit is ₹3,00,000 for ages 60–80 and ₹5,00,000 above 80, against ₹2,50,000 for everyone else. The new regime uses one slab table for all ages, and its ₹4,00,000 nil band already beats both senior limits.
Which regime applies if I do nothing?
The new regime. It has been the default since FY 2023-24. Your employer deducts TDS on new-regime slabs unless you declare otherwise. Salaried taxpayers can still pick the old regime each year when filing; taxpayers with business income must opt out using Form 10-IEA.