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June 2026 · Karthik, Vijayawada AP · 8 min read
Income Tax Slabs 2026-27 New & Old Regime for All Income Levels
Complete income tax slab rates FY 2026-27. New regime: zero tax up to ₹12 lakh. Exact tax for every income level from ₹5L to ₹50L with worked examples.
Income Tax Slabs FY 2026-27
| Income Range | New Regime | Old Regime |
|---|---|---|
| Up to ₹3,00,000 | Nil | Nil |
| ₹3L – ₹6L | 5% | 5% (₹2.5L-₹5L) |
| ₹6L – ₹9L | 10% | 20% (₹5L-₹10L) |
| ₹9L – ₹12L | 15% | 20% |
| ₹12L – ₹15L | 20% | 30% |
| Above ₹15L | 30% | 30% |
Standard Deduction: New Regime = ₹75,000 | Old Regime = ₹50,000 | Section 87A rebate: Zero tax up to ₹12L (New) and ₹5L (Old)
Exact Tax Calculation — All Income Levels
| Income | New Regime Tax | Old Regime (No Deductions) | Old Regime (Full Deductions) |
|---|---|---|---|
| ₹5,00,000 | ₹0 (87A rebate) | ₹12,500 | ₹0 |
| ₹8,00,000 | ₹20,800 | ₹46,800 | ₹0 |
| ₹10,00,000 | ₹54,600 | ₹1,12,500 | ₹7,800 |
| ₹12,00,000 | ₹80,600 | ₹1,62,500 | ₹31,200 |
| ₹15,00,000 | ₹1,45,600 | ₹2,62,500 | ₹62,400 |
| ₹20,00,000 | ₹2,96,400 | ₹4,12,500 | ₹1,71,600 |
| ₹30,00,000 | ₹5,96,400 | ₹7,12,500 | ₹4,56,000 |
| ₹50,00,000 | ₹11,96,400 | ₹14,62,500 | ₹9,96,000 |
Full deductions = Std deduction ₹50K + 80C ₹1.5L + HRA ₹60K + NPS ₹50K + Home Loan Interest ₹2L + 80D ₹25K
No Tax on Income up to ₹12 Lakh in 2026
New Regime 2026-27: ZERO tax if income is ₹12 lakh or below
Calculation: ₹12L income - ₹75K standard deduction = ₹11.25L taxable. Tax on ₹11.25L = ₹24,375. Section 87A rebate = full rebate (since net taxable income ≤ ₹12L). Final tax = ₹0. This benefits crores of middle-class salaried Indians.
FAQs
Which tax regime is default in 2026? +
New Tax Regime is the default from FY 2024-25. Employer deducts TDS under New Regime unless you explicitly opt for Old Regime by submitting declaration. Deadline to opt for Old Regime: Submit Form 10-IEA or declare to employer by April 30 of the fiscal year.
When is old regime better than new? +
Old regime wins if total deductions exceed ₹3.75L (for income up to ₹15L) or ₹4.25L (for income above ₹15L). Key deductions that make old regime worth it: home loan interest ₹2L + 80C ₹1.5L + HRA + NPS ₹50K. Calculate both using our Income Tax Calculator before choosing.
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June 2026 · Karthik, Vijayawada APRBI Verified 20264.8/5