Arpan Bohra & Co., Chartered Accountants is a Chartered Accountant firm in Hyderabad, based at Himayatnagar. We work with individuals, start-ups, family businesses and companies on income tax, GST, accounting, audit and company filings. You can reach us through the contact page or at office@arpanbohra.co.in.
Income tax slabs for FY 2026-27 (tax year 2026-27)
From 1 April 2026, income tax is governed by the Income-tax Act, 2025. The individual slab rates for FY 2026-27 continue the structure of FY 2025-26, and the new tax regime is the default regime.
New tax regime (default)
| Total income | Tax rate |
|---|---|
| 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% |
- Rebate: a resident individual with total income up to ₹12,00,000 gets a rebate of up to ₹60,000, so no tax is payable on that income. Marginal relief applies just above ₹12 lakh. The rebate is not available against certain special-rate incomes.
- Standard deduction: ₹75,000 for salaried individuals and pensioners.
- Cess: 4% health and education cess is added to the tax (and surcharge, where applicable).
Old tax regime (optional)
| Total income (below 60 years) | Tax rate |
|---|---|
| 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% |
The basic exemption limit is ₹3,00,000 for resident senior citizens (60 to 79 years) and ₹5,00,000 for super senior citizens (80 years and above). Under the old regime the standard deduction is ₹50,000 and the rebate is up to ₹12,500 where income does not exceed ₹5 lakh.
Rates are for individuals and are a general guide. Surcharge, special-rate incomes and individual facts can change the final tax. Please verify against the Income Tax Department website before filing.
This article is for general information and is not professional advice. Law and rates change; please consult us before you act.