Income Tax Slab Rates, FY 2026-27
Income tax slab rates for FY 2026-27 under both the new and old regimes, including senior and super senior citizen slabs, at a glance.
Want your actual tax payable rather than just the slabs? Use the Income Tax Calculator to compare both regimes with your own numbers.
New tax regime
Same slabs for every age group. Standard deduction: ₹75,000. Rebate under Section 87A brings tax to nil for taxable income up to ₹12,00,000.
| Taxable income | Rate |
|---|---|
| ₹0 to ₹4,00,000 | Nil |
| ₹4,00,000 to ₹8,00,000 | 5% |
| ₹8,00,000 to ₹12,00,000 | 10% |
| ₹12,00,000 to ₹16,00,000 | 15% |
| ₹16,00,000 to ₹20,00,000 | 20% |
| ₹20,00,000 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old tax regime
Slabs vary by age. Standard deduction: ₹50,000. Rebate under Section 87A brings tax to nil for taxable income up to ₹5,00,000. Deductions like Section 80C and HRA are only available under this regime.
General (below 60)
| Taxable income | Rate |
|---|---|
| ₹0 to ₹2,50,000 | Nil |
| ₹2,50,000 to ₹5,00,000 | 5% |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Senior citizen (60 to 79)
| Taxable income | Rate |
|---|---|
| ₹0 to ₹3,00,000 | Nil |
| ₹3,00,000 to ₹5,00,000 | 5% |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Super senior citizen (80 and above)
| Taxable income | Rate |
|---|---|
| ₹0 to ₹5,00,000 | Nil |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
A 4% Health and Education Cess applies on top of tax computed at these slab rates (plus surcharge, for income above specified high thresholds). Slab rates are set by the annual Finance Act and can change; this reflects rates commonly applicable for FY 2026-27. For general informational purposes only, not professional tax advice.