What are the new-regime slabs for FY 2026-27?

Up to ₹4,00,000: nil; ₹4,00,001 to ₹8,00,000: 5%; ₹8,00,001 to ₹12,00,000: 10%; ₹12,00,001 to ₹16,00,000: 15%; ₹16,00,001 to ₹20,00,000: 20%; ₹20,00,001 to ₹24,00,000: 25%; Above ₹24,00,000: 30%. Salaried taxpayers get a ₹75,000 standard deduction, and a rebate makes the tax nil up to ₹12,00,000 of taxable income.

Which deductions does the new regime not allow?

Most old-regime deductions, including investments under section 123, health insurance under section 126, interest on a self-occupied home loan and the HRA exemption.

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Tax on salary and other income under the new regime and the old one, side by side, for FY 2026-27 (AY 2027-28). Sections are those of the Income-tax Act, 2025.

Your age during the year

Gross salary for the year (₹)

Other income: interest, etc. (₹)

Old-regime deductions

Ignored by the new regime. Each is capped as the Act caps it.

Investments, section 123 (80C), up to ₹1,50,000

Health cover for your family, section 126 (80D), up to ₹25,000

Health cover for parents, up to ₹25,000

A parent covered is 60 or older

Home-loan interest, self-occupied, up to ₹2,00,000

HRA exemption (₹)

The exempt part of your house rent allowance, as worked out by your employer.

Estimated tax for the year

₹1,13,100 less under the new regime

Tax under the new and old regimes
Figure	New regime	Old regime
Gross income	₹15,50,000	₹15,50,000
Deductions	₹75,000	₹2,25,000
Taxable income	₹14,75,000	₹13,25,000
Tax on slabs	₹1,01,250	₹2,10,000
Rebate	₹0	₹0
Surcharge	₹0	₹0
Cess (4%)	₹4,050	₹8,400
Total tax	₹1,05,300	₹2,18,400

Rates used, FY 2026-27 (AY 2027-28)

New regime slabs: Up to ₹4,00,000: nil · ₹4,00,001 to ₹8,00,000: 5% · ₹8,00,001 to ₹12,00,000: 10% · ₹12,00,001 to ₹16,00,000: 15% · ₹16,00,001 to ₹20,00,000: 20% · ₹20,00,001 to ₹24,00,000: 25% · Above ₹24,00,000: 30%Income-tax Act, 2025, section 202(1)
Old regime slabs (below 60): Up to ₹2,50,000: nil · ₹2,50,001 to ₹5,00,000: 5% · ₹5,00,001 to ₹10,00,000: 20% · Above ₹10,00,000: 30%Finance Act, 2026, First Schedule, Part I-B, Paragraph A(I)
Standard deduction on salary: New ₹75,000, old ₹50,000Income-tax Act, 2025, section 19(1), Table Sl. No. 2(a)
Rebate, new regime: Up to ₹60,000 at income up to ₹12,00,000, with marginal reliefIncome-tax Act, 2025, section 156(2)(a)
Rebate, old regime: Up to ₹12,500 at income up to ₹5,00,000Income-tax Act, 2025, section 156(1)
Surcharge, new regime: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000Finance Act, 2026, section 3(4)(b), Table Sl. No. 10
Surcharge, old regime: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000, 37% above ₹5,00,00,000Finance Act, 2026, First Schedule, Part I-B, Paragraph F, Table 1
Health and Education Cess: 4% of tax and surchargeFinance Act, 2026, section 3(15)

Checked against the gazetted Acts on 29 Sept 2026. Income-tax Act, 2025 on incometax.gov.in