Income Tax Slabs & Rates for FY 2025-26
In this guide
Step-by-step Process
New Tax Regime Slabs (Default from FY 2024-25)
Under the new regime: Up to ₹3 lakh — Nil; ₹3–7 lakh — 5%; ₹7–10 lakh — 10%; ₹10–12 lakh — 15%; ₹12–15 lakh — 20%; Above ₹15 lakh — 30%. Standard deduction of ₹75,000 available.
Old Tax Regime Slabs
Under the old regime: Up to ₹2.5 lakh — Nil; ₹2.5–5 lakh — 5%; ₹5–10 lakh — 20%; Above ₹10 lakh — 30%. Allows deductions under 80C, 80D, HRA, LTA, etc.
Rebate under Section 87A
New regime: If total income ≤ ₹7 lakh, full tax rebate (tax payable = ₹0). Old regime: If total income ≤ ₹5 lakh, rebate of up to ₹12,500.
Surcharge and Cess
A Health & Education Cess of 4% is added on the total tax. Surcharge applies for income above ₹50 lakh: 10% (₹50L–1Cr), 15% (₹1Cr–2Cr), 25% (₹2Cr–5Cr), 37% (above ₹5Cr, old regime).
Official Government Portals
Common Questions
Which tax regime is better — old or new?
It depends on your deductions. If you claim significant deductions (80C, 80D, HRA), the old regime may save more. If you have minimal deductions, the new regime is simpler and often lower. Use a tax calculator to compare.
What is the new tax regime income limit for zero tax?
Under the new tax regime with the ₹75,000 standard deduction and Section 87A rebate, individuals with gross income up to ₹12.75 lakh pay zero tax in FY 2025-26.
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