New regime slabs (the default)
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
The 87A rebate makes taxable income up to ₹12 lakh tax-free. Salaried people also get a ₹75,000 standard deduction, so a salary up to ₹12.75 lakh pays nothing.
Old regime slabs
| Taxable income | Under 60 | 60 to 79 | 80 and over |
|---|---|---|---|
| Up to ₹2.5 lakh | Nil | Nil | Nil |
| ₹2.5 lakh to ₹3 lakh | 5% | Nil | Nil |
| ₹3 lakh to ₹5 lakh | 5% | 5% | Nil |
| ₹5 lakh to ₹10 lakh | 20% | 20% | 20% |
| Above ₹10 lakh | 30% | 30% | 30% |
The old regime's rebate covers taxable income up to ₹5 lakh, and its standard deduction is ₹50,000. In return, it allows HRA, 80C, 80D, home loan interest and other deductions.
Tax at common salaries
| Yearly salary | New regime | Old regime, no deductions |
|---|---|---|
| ₹8 lakh | ₹0 | ₹65,000 |
| ₹10 lakh | ₹0 | ₹1,06,600 |
| ₹12.75 lakh | ₹0 | ₹1,87,200 |
| ₹15 lakh | ₹97,500 | ₹2,57,400 |
| ₹20 lakh | ₹1,92,400 | ₹4,13,400 |
| ₹25 lakh | ₹3,19,800 | ₹5,69,400 |
| ₹30 lakh | ₹4,75,800 | ₹7,25,400 |
| ₹50 lakh | ₹10,99,800 | ₹13,49,400 |
For a resident employee under 60 with no other income. Tax includes 4% cess. Worked out with our income tax calculator, which matched the Income Tax Department's calculator at every level we tested. With large deductions the old regime can cost less: see old vs new regime.
Surcharge on high incomes
| Taxable income | Surcharge on tax |
|---|---|
| ₹50 lakh to ₹1 crore | 10% |
| ₹1 crore to ₹2 crore | 15% |
| ₹2 crore to ₹5 crore | 25% |
| Above ₹5 crore | 25% new regime, 37% old regime |
Marginal relief stops the surcharge from taking more than the income above each threshold. A 4% health and education cess applies on top of tax and surcharge.
Common questions
What are the new regime tax slabs for FY 2026-27?
Nil up to ₹4 lakh, 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh and 30% above. They are the same as FY 2025-26.
Is income up to ₹12 lakh tax-free?
Yes, under the new regime the 87A rebate makes taxable income up to ₹12 lakh tax-free. For salaried people, with the ₹75,000 standard deduction, that means a salary up to ₹12.75 lakh.
What are the old regime slabs?
For under-60s: nil up to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. The nil band is ₹3 lakh from age 60 and ₹5 lakh from 80.
How much tax on a ₹15 lakh salary in 2026-27?
₹97,500 under the new regime, including cess, for a resident under 60 with no other income. Under the old regime with no deductions it would be ₹2,57,400.
Work it out for yourself
- Income tax: old vs new: Which regime leaves more in your account.
- Salary in hand: Turn your CTC into the amount that reaches your bank.
- Salary hike: Your new salary and take-home after a raise.
See your own tax under both regimes, with your deductions.
Open the income tax calculatorSources
- Tax rules for salaried individuals, AY 2026-27, Income Tax Department
- Ease of living by direct tax reforms: Union Budget 2026-27, Press Information Bureau, Ministry of Finance
This guide explains the rules in general. For your own situation, .