CTC Calculator - Indian Salary Structure Calculator

Income Tax Changes for Tax Year 2026-27

Budget 2026 kept the new-regime slabs, rebate, standard deduction, and marginal relief unchanged. Compare FY 2024-25 with the current Tax Year 2026-27 rules.

Tax Calculator

FY 2024-25

Tax Slabs

Income Range (₹)Tax Rate
Up to 3,00,000Nil
3,00,001 - 7,00,0005%
7,00,001 - 10,00,00010%
10,00,001 - 12,00,00015%
12,00,001 - 15,00,00020%
Above 15,00,00030%

Key Features

  • Standard Deduction: ₹75,000
  • Rebate up to ₹7,00,000 taxable income
  • Marginal relief above ₹7L taxable income
  • Salaried zero-tax income: ₹7,75,000

Tax Year 2026-27

Tax Slabs

Income Range (₹)Tax Rate
Up to 4,00,000Nil
4,00,001 - 8,00,0005%
8,00,001 - 12,00,00010%
12,00,001 - 16,00,00015%
16,00,001 - 20,00,00020%
20,00,001 - 24,00,00025%
Above 24,00,00030%

Key Features

  • Standard Deduction: ₹75,000
  • Rebate up to ₹12,00,000 taxable income
  • Marginal relief above ₹12L taxable income
  • Salaried zero-tax income: ₹12,75,000

What Changed This Year

  • Budget 2026 made no fresh slab, rebate, or standard-deduction change
  • Income-tax Act, 2025 applies from April 1, 2026 for Tax Year 2026-27
  • Current rules carry forward the ₹4L nil slab and 5%, 10%, 15%, 20%, 25%, 30% slab structure
  • Section 87A rebate continues up to ₹12L taxable income under the new regime
  • Marginal relief continues for taxable income slightly above ₹12L, with cess calculated after relief
  • FY 2024-25 comparison uses the July 2024 slab revision and ₹75,000 standard deduction
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