Tax Planning
Income Tax Slabs & Changes for FY 2026-27
Tax planning is an essential aspect of managing your annual finances in India. With ongoing updates to tax regulations, understanding the structure of income tax slabs under both the Old and New Tax Regimes helps salaried individuals and businesses maximize take-home earnings.
New Tax Regime Slabs (FY 2026-27)
The New Tax Regime continues to serve as the default tax system, offering simplified slabs and a standard deduction of ₹75,000 for salaried taxpayers.
| Taxable Income Slab | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹7,00,000 | 5% |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Key Note: Under the New Tax Regime, tax rebates ensure that individuals with taxable income up to ₹7,00,000 effectively pay zero income tax after rebate.
Old Tax Regime vs New Tax Regime
While the New Regime features lower tax rates and a higher standard deduction, the Old Regime allows valuable deductions under Section 80C, 80D, HRA, and Home Loan interest. Use our Income Tax Calculator to compare which regime saves you more.