Tax Slabs FY 26-27
Assessment Year 2027-28 Reference
New Tax Regime (Default)
Up to ₹3L0%
₹3L - ₹7L5%
₹7L - ₹10L10%
₹10L - ₹12L15%
₹12L - ₹15L20%
Above ₹15L30%
Section 87A Rebate
Under the New Regime, net taxable income up to ₹7,00,000 is effectively tax-free due to the Section 87A rebate logic. Standard deduction of ₹75,000 is additional.
Surcharge & Cess
Standard Deduction
₹75,000 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 Lakhs.