Tax Slabs FY 2026-27

AY 2027-28 Reference

New Tax Regime (Default)

-₹1 - ₹4.00L0%

₹4.00L - ₹8.00L5%

₹8.00L - ₹12.00L10%

₹12.00L - ₹16.00L15%

₹16.00L - ₹20.00L20%

₹20.00L - ₹24.00L25%

Above ₹24.00L30%

Section 87A Rebate

Under the New Regime, net taxable income up to ₹12.00L is effectively tax-free due to the Section 87A rebate logic. Standard deduction of ₹75.0K is additional.

Surcharge & Cess

Standard Deduction

₹75.0K Flat

Available for all salaried individuals under New Regime.

Health & Education Cess

4% Flat

Applied on the total income tax amount calculated.

Surcharge

10% - 25%

Applies once net taxable income exceeds ₹50.00L.