Income tax slabs for Tax Year 2026-27: new and old regime, with senior citizen limits
For Tax Year 2026-27, the new regime slabs are: nil up to ₹4 lakh; 5% ₹4–8 lakh; 10% ₹8–12 lakh; 15% ₹12–16 lakh; 20% ₹16–20 lakh; 25% ₹20–24 lakh; 30% above ₹24 lakh, with a rebate making tax nil up to ₹12 lakh taxable income. The old regime keeps the ₹2.5 lakh basic limit (₹3 lakh for 60–79, ₹5 lakh for 80+). Budget 2026 made no changes.
Key facts Last verified: 25 Sep 2026
| Item | Details | Source |
|---|---|---|
| Budget 2026 | No change to slabs, rebate, standard deduction, surcharge or cess | Union Budget 2026 |
| Default regime | New regime (you can opt for old) | Income Tax Dept |
| New regime rebate | Nil tax up to ₹12 lakh taxable income (max ₹60,000 rebate), marginal relief above | Income Tax Dept |
| Old regime rebate | Nil tax up to ₹5 lakh taxable income (max ₹12,500) | Income Tax Dept |
| Cess | 4% health & education cess | Income Tax Dept |
New regime (default)
| Taxable income | 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% |
Same slabs for all ages. Standard deduction for salary/pension: ₹75,000. Employer’s NPS contribution is deductible.
Old regime
| Taxable income | Below 60 | 60–79 years | 80+ years |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 – ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
Standard deduction: ₹50,000. Deductions such as 80C (₹1.5 lakh), 80D, HRA and home-loan interest are allowed.
Surcharge (both regimes)
| Total income | Surcharge |
|---|---|
| ₹50 lakh – ₹1 crore | 10% |
| ₹1 crore – ₹2 crore | 15% |
| ₹2 crore – ₹5 crore | 25% |
| Above ₹5 crore | 37% (old regime) / capped at 25% (new regime) |
Marginal relief applies at each threshold. Cess of 4% is added on tax plus surcharge.
Tax at common salary levels (new regime, salaried)
| Salary | Taxable (after ₹75,000) | Tax incl. cess |
|---|---|---|
| ₹10,00,000 | ₹9,25,000 | ₹0 |
| ₹12,75,000 | ₹12,00,000 | ₹0 |
| ₹15,00,000 | ₹14,25,000 | ₹97,500 |
| ₹20,00,000 | ₹19,25,000 | ₹1,92,400 |
| ₹25,00,000 | ₹24,25,000 | ₹3,19,800 |
Try your own numbers in the income tax calculator.
Frequently asked questions
What are the income tax slabs for 2026-27?
New regime: nil up to ₹4 lakh, then 5%, 10%, 15%, 20%, 25% in ₹4 lakh steps, and 30% above ₹24 lakh. Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60+, ₹5 lakh at 80+), 5%, 20% and 30%.
Did Budget 2026 change tax slabs?
No. All slabs, the rebate, standard deduction, surcharge and cess are unchanged.
Is there a separate slab for senior citizens in the new regime?
No. The new regime has the same slabs for everyone. Only the old regime has higher basic limits for seniors.
Up to what income is tax zero in 2026-27?
Up to ₹12 lakh taxable income in the new regime (₹12.75 lakh salary after standard deduction), excluding special-rate income.
Official links
Use only these government websites. HumainOne is not connected to any of them.
- Income Tax DepartmentSlabs, calculators, returns
- Union BudgetBudget 2026 documents
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