Income Tax Rates for FY 2025-26 (AY 2026-27) – New & Old Regime

Last Updated: June 2026 — Income tax rates applicable for Financial Year 2025-26 (Assessment Year 2026-27) under both the New and Old Tax Regimes.

New Tax Regime Rates – FY 2025-26

The New Tax Regime is the default regime from FY 2023-24 onwards. Zero tax up to Rs. 12 lakh due to Section 87A rebate of Rs. 60,000.

Income SlabTax Rate
Up to Rs. 4,00,000Nil
Rs. 4,00,001 – Rs. 8,00,0005%
Rs. 8,00,001 – Rs. 12,00,00010%
Rs. 12,00,001 – Rs. 16,00,00015%
Rs. 16,00,001 – Rs. 20,00,00020%
Rs. 20,00,001 – Rs. 24,00,00025%
Above Rs. 24,00,00030%

87A Rebate: Rs. 60,000 rebate makes effective tax zero for income up to Rs. 12 lakh. For salaried individuals, standard deduction of Rs. 75,000 extends this to Rs. 12,75,000.

Old Tax Regime Rates – FY 2025-26

Income SlabTax Rate
Up to Rs. 2,50,000Nil
Rs. 2,50,001 – Rs. 5,00,0005%
Rs. 5,00,001 – Rs. 10,00,00020%
Above Rs. 10,00,00030%

Senior Citizens (60-80 yrs): Basic exemption Rs. 3,00,000. Super Senior Citizens (80+): Rs. 5,00,000.

Surcharge & Cess

  • Health & Education Cess: 4% on tax + surcharge
  • Surcharge: 10% (Rs. 50L–1Cr) | 15% (1–2Cr) | 25% (2–5Cr) | 37% (above 5Cr, 25% under new regime)

ITR Filing Last Date – 31 July 2026

File your ITR for FY 2025-26 before 31 July 2026 to avoid a late fee of Rs. 5,000. Need help? Our CAs at IncomeTaxReturnIndia.com file your return within 24 hours.

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7 Responses to Income Tax Rates for FY 2025-26 (AY 2026-27) – New & Old Regime

  1. Subhash Joshi. says:

    When Govt. of India is publishing new Income Tax Return Forms 2015-2016 . This is too much . Govt. should understand the difficulty of the efficient tax payer . Be fast .

  2. padmesh says:

    has e filing started for 2015-2016

    i have to apply for loan and submit itr returns before july to get my loan passed and disbursed why its taking so much of time this year

  3. Sumit says:

    Can we file tax return for fy 2015-16??

    • Tax Dost says:

      Income tax return for Financial year 2015-2016 can be filed from may 2016. Since income tax forms are release by income tax department in month of may only.

  4. Venakt says:

    Last year there is a section name 80EE for showing interest on home loan but this year we didn’t find. Suggest me where to show interest on home loan this year ITR1