Here's your quick reference for India's income tax slabs for FY 2026-27 (AY 2027-28).
New Regime (Default)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4-8 lakh | 5% |
| ₹8-12 lakh | 10% |
| ₹12-16 lakh | 15% |
| ₹16-20 lakh | 20% |
| ₹20-24 lakh | 25% |
| Above ₹24 lakh | 30% |
Key: Income up to ₹12.75 lakh is effectively TAX-FREE for salaried individuals (₹12 lakh rebate + ₹75K standard deduction).
Old Regime
| Income Slab | Tax Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5-5 lakh | 5% |
| ₹5-10 lakh | 20% |
| Above ₹10 lakh | 30% |
Which Regime Is Better?
The new regime is better for most people. The old regime wins only if your total deductions exceed ~₹3.75 lakh (combining 80C + 80D + HRA + home loan interest + NPS).
Quick Tax Comparison
| Income | New Regime | Old Regime (no deductions) |
|---|---|---|
| ₹10 lakh | ₹0 | ₹57,500 |
| ₹15 lakh | ₹97,500 | ₹1,87,500 |
| ₹20 lakh | ₹2,47,500 | ₹3,37,500 |
Free Calculator
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📖 Full guide: Income Tax Slabs 2026-27
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