New Tax Regime FY 2026-27
Simplified tax structure with enhanced rebates
- Simplified tax structure with enhanced rebates
- With enhanced rebate under Section 87A, income up to ₹12 lakhs is completely tax-free. For salaried individuals with ₹75,000 standard deduction, effective tax-free income is ₹12.75 lakhs.
Tax Slabs
| Income Range | Tax Rate | Tax Amount |
|---|---|---|
| Up to ₹4,00,000 | NIL | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹1,00,000 |
| Above ₹24,00,000 | 30% | Variable |
Income RangeUp to ₹4,00,000
Tax RateNIL
Tax Amount₹0
Income Range₹4,00,001 – ₹8,00,000
Tax Rate5%
Tax Amount₹20,000
Income Range₹8,00,001 – ₹12,00,000
Tax Rate10%
Tax Amount₹40,000
Income Range₹12,00,001 – ₹16,00,000
Tax Rate15%
Tax Amount₹60,000
Income Range₹16,00,001 – ₹20,00,000
Tax Rate20%
Tax Amount₹80,000
Income Range₹20,00,001 – ₹24,00,000
Tax Rate25%
Tax Amount₹1,00,000
Income RangeAbove ₹24,00,000
Tax Rate30%
Tax AmountVariable
🎉 Zero Tax Up to ₹12 Lakhs
With enhanced rebate under Section 87A, income up to ₹12 lakhs is completely tax-free. For salaried individuals with ₹75,000 standard deduction, effective tax-free income is ₹12.75 lakhs.