Article

Income tax slabs and rates for FY 2026-27 (AY 2027-28)

BankBazaar · bankbazaar.com Free Beginner India

A current table of the new and old regime slabs for FY 2026-27: under the new regime no tax is payable on income up to Rs 12 lakh because of a Rs 60,000 rebate, and salaried people also get a Rs 75,000 standard deduction.

  • Rebate makes income up to Rs 12 lakh tax free in the new regime.
  • Salaried employees get a Rs 75,000 standard deduction.
  • Above that the slabs run from 15% to 30%.
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