The new regime taxes income across 7 slabs from 0% to 30%, with a ₹75,000 standard deduction and a Section 87A rebate that makes taxable income up to ₹12,00,000 effectively tax-free (rebate capped at ₹60,000). The old regime keeps 4 slabs and the full deduction menu. Both tables below use the exact constants that power the WOWHOW tax calculators.
Published 2026-07-16 · Author: WOWHOW · Source: Income-tax Act slabs as amended by the Finance Act (Budget 2025)
Applies unless you opt out. Standard deduction for salaried: ₹75,000. Section 87A rebate: slab tax cancelled up to ₹60,000 when taxable income ≤ ₹12,00,000, with marginal relief just above the threshold.
| Taxable income slab | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4,00,000 – ₹8,00,000 | 5% |
| ₹8,00,000 – ₹12,00,000 | 10% |
| ₹12,00,000 – ₹16,00,000 | 15% |
| ₹16,00,000 – ₹20,00,000 | 20% |
| ₹20,00,000 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction: ₹50,000. Retains Section 80C (₹1,50,000), 80D (₹25,000 base), additional NPS (₹50,000), HRA, and home-loan interest deductions.
| Taxable income slab | Rate |
|---|---|
| Up to ₹2,50,000 | 0% |
| ₹2,50,000 – ₹5,00,000 | 5% |
| ₹5,00,000 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Health & Education Cess of 4% applies to the computed tax under both regimes. Surcharge applies from ₹50 lakh of income upward. Professional tax (a state levy, commonly up to ₹2,400/year) is deducted separately from salary. None of these change which slab your income falls in — they apply after the slab computation.
The slab boundaries and deduction constants on this page are imported directly from the dataset that powers the WOWHOW Income Tax Calculator, Tax Regime Wizard, and Old vs New Regime Optimizer — the tables cannot drift from what the calculators actually compute. When the Finance Act changes a figure, the dataset and this page update together. Verify against incometax.gov.in before filing.
Link to this page directly: https://wowhow.cloud/research/india-income-tax-slabs-2026-27
Suggested citation: WOWHOW, "India Income Tax Slabs AY 2026-27" (July 2026). Updated in place when slab law changes.
