What are the income tax slabs for Tax Year 2026-27 new regime?

New Regime Section 202 IT Act 2025: Nil up to Rs 4L, 5% on Rs 4-8L, 10% on Rs 8-12L, 15% on Rs 12-16L, 20% on Rs 16-20L, 25% on Rs 20-24L, 30% above Rs 24L. Standard deduction Rs 75,000 salaried. 87A rebate Rs 60,000 if taxable up to Rs 12L. Finance Bill 2026 confirmed no changes.

Is Rs 12.75 lakh salary tax free in Tax Year 2026-27?

Yes for salaried under new regime. Rs 75,000 standard deduction reduces gross to Rs 12L taxable. Section 87A rebate of Rs 60,000 brings tax to zero. Marginal relief also applies for income in Rs 12L to Rs 13L taxable range.

What is marginal relief in income tax 2026-27?

Marginal relief prevents disproportionate tax for income just above Rs 12 lakh taxable. Tax is capped at the income above Rs 12L. Example taxable Rs 12.1L: without relief tax Rs 1,500, with marginal relief tax capped at Rs 10,000. Calculator applies this automatically.

Which 8 cities get 50% HRA exemption from April 2026?

Rule 279 IT Rules 2026 effective April 1 2026: Delhi, Mumbai, Kolkata, Chennai original 4 plus Bengaluru, Hyderabad, Pune, Ahmedabad new additions. All other cities 40%. HRA only in old tax regime.

How much tax on Rs 15 lakh salary new regime Tax Year 2026-27?

Gross Rs 15L minus standard deduction Rs 75,000 equals taxable Rs 14.25L. Tax: nil on Rs 4L plus Rs 20,000 at 5% plus Rs 40,000 at 10% plus Rs 33,750 at 15% equals Rs 93,750 plus 4% cess Rs 3,750 equals Rs 97,500 total tax.

When is the ITR filing deadline for FY 2025-26?

FY 2025-26 AY 2026-27 ITR deadline is July 31 2026 for individuals without audit. Filed under old Income Tax Act 1961. Tax Year 2026-27 returns filed from July 2027 under new Income Tax Act 2025.

📄 Income Tax Act, 2025 — Live April 1, 2026

Income Tax Calculator Tax Year 2026-27

New Regime vs Old Regime under the Income Tax Act, 2025. Official slabs. Marginal relief calculated. 8-city HRA. Zero tax up to ₹12.75L salaried.

IT Act 2025 official slabsMarginal relief8-city HRA updatedWhatsApp share

Updated April 7, 2026 · Source: Official Indian government data

Updated April 7, 2026 — verified against official government sources

Annual Gross Income ₹ before any deductions

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Taxpayer Type

Age Group affects old regime exemption

⚡ Quick presets — click to fill and calculate

₹8L ₹10L ₹12L ₹12.75L ₹15L ₹20L ₹30L ₹50L

Old Regime Deductions — optional (leave blank if not applicable)

Section 80C max ₹1,50,000

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Section 80D Health ₹25K self

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HRA Exemption 50% in 8 cities from Apr 1

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Other Deductions 80E, 80G, NPS etc.

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New Regime (Default Apr 2026)

New Tax Regime

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Old Regime (With Deductions)

Old Tax Regime

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Side-by-Side Breakdown

New Regime

Gross income	—
Std deduction	—
Taxable income	—
Tax on slabs	—
87A rebate	—
4% cess	—
Total tax	—

Old Regime

Gross income	—
Total deductions	—
Taxable income	—
Tax on slabs	—
87A rebate	—
4% cess	—
Total tax	—

📤 Share your result

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⚠️ Covers salary/pension income only. Does not include surcharge (above ₹50L), capital gains, or complex deductions. Always consult a Chartered Accountant before filing ITR.

Official Tax Slabs — Tax Year 2026-27 (Income Tax Act, 2025)

Finance Bill 2026 confirmed: no slab changes. Budget 2025 slabs continue unchanged for Tax Year 2026-27 under the new Income Tax Act, 2025.

🆕 New Regime — Default (Section 202)

Up to ₹4,00,000	NIL
₹4L – ₹8L	5%
₹8L – ₹12L	10%
₹12L – ₹16L	15%
₹16L – ₹20L	20%
₹20L – ₹24L	25%
Above ₹24L	30%

Std deduction ₹75,000 salaried · 87A rebate ₹60,000 if taxable ≤ ₹12L · Zero tax salaried up to ₹12.75L · Marginal relief above ₹12L · 4% cess · New default from April 1, 2026

📋 Old Regime (With Deductions)

Up to ₹2,50,000*	NIL
₹2.5L – ₹5L	5%
₹5L – ₹10L	20%
Above ₹10L	30%

*Senior 60–80: nil to ₹3L · Super senior 80+: nil to ₹5L · Std deduction ₹50,000 · 87A rebate ₹12,500 if taxable ≤ ₹5L · Deductions: 80C ₹1.5L, 80D, HRA, home loan · 4% cess

Source: Income Tax Act, 2025 (Section 202) · Finance Bill, 2026 · incometax.gov.in

Key Changes from April 1, 2026 (Income Tax Act, 2025 + IT Rules 2026)

"Tax Year" replaces "Assessment Year" — Tax Year 2026-27 = April 1, 2026 to March 31, 2027
HRA 50% expanded to 8 cities (Rule 279, IT Rules 2026) — Added: Bengaluru, Hyderabad, Pune, Ahmedabad. Old: Delhi, Mumbai, Kolkata, Chennai. All other cities: 40%. Old regime only.
Form 16 replaced by Form 130 — system-generated TDS certificate
Revised ITR deadline extended to 12 months (was 9 months)
Meal voucher: ₹200/meal (was ₹50) · Employer gift: ₹15,000/year (was ₹5,000)
Children's education: ₹3,000/month per child (was ₹100) — old regime only
FY 2025-26 ITR deadline: July 31, 2026 (under old Income Tax Act 1961)

Source: Income Tax Act, 2025 · Income Tax Rules, 2026 (CBDT) · Finance Bill, 2026

Frequently Asked Questions

New Regime (default, Section 202 IT Act 2025): Nil up to ₹4L, 5% on ₹4–8L, 10% on ₹8–12L, 15% on ₹12–16L, 20% on ₹16–20L, 25% on ₹20–24L, 30% above ₹24L. Finance Bill 2026 confirmed no slab changes from Budget 2025. Old regime: 5% on ₹2.5–5L, 20% on ₹5–10L, 30% above ₹10L. Both: 4% cess.

Yes under new regime. ₹75,000 standard deduction reduces gross ₹12.75L to ₹12L taxable. Section 87A rebate of ₹60,000 brings tax to zero. Marginal relief also applies for taxable income between ₹12L and ₹13L, capping tax at the income above ₹12L.

Marginal relief prevents disproportionately high tax for income just above ₹12L taxable. Example: taxable ₹12.10L — without relief, slab tax = ₹1,500. With marginal relief, tax is capped at ₹10,000 (the excess over ₹12L). This calculator applies marginal relief automatically.

Under IT Rules 2026 Rule 279 effective April 1, 2026: Delhi, Mumbai, Kolkata, Chennai (original), plus Bengaluru, Hyderabad, Pune, Ahmedabad (new additions). All other cities remain at 40%. HRA exemption is only available in the old tax regime.

Gross ₹15L − std deduction ₹75,000 = taxable ₹14.25L. Tax: Nil (₹0–4L) + ₹20,000 (5%) + ₹40,000 (10%) + ₹33,750 (15%) = ₹93,750 + 4% cess ₹3,750 = ₹97,500 total tax. No 87A rebate as taxable exceeds ₹12L.

FY 2025-26 (AY 2026-27): filed under old Income Tax Act 1961. Deadline July 31, 2026. Late fee: ₹1,000 (income ≤ ₹5L) or ₹5,000 (above ₹5L). Tax Year 2026-27 returns: filed from July 2027 under new IT Act 2025, deadline July 31, 2027.

New regime is better with few deductions. Old regime is better if you have: 80C investments up to ₹1.5L, health insurance (80D), high HRA in 8 metro cities, or home loan interest. Enter your deductions above to compare both regimes with your exact numbers.

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