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 Slab | Tax Rate |
|---|---|
| Up to Rs. 4,00,000 | Nil |
| Rs. 4,00,001 – Rs. 8,00,000 | 5% |
| Rs. 8,00,001 – Rs. 12,00,000 | 10% |
| Rs. 12,00,001 – Rs. 16,00,000 | 15% |
| Rs. 16,00,001 – Rs. 20,00,000 | 20% |
| Rs. 20,00,001 – Rs. 24,00,000 | 25% |
| Above Rs. 24,00,000 | 30% |
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 Slab | Tax Rate |
|---|---|
| Up to Rs. 2,50,000 | Nil |
| Rs. 2,50,001 – Rs. 5,00,000 | 5% |
| Rs. 5,00,001 – Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% |
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.
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 .
Sir, Government publish new forms in starting or may 15. You can start filing your tax return after this date.
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
No it has not started yet, Income tax forms for online filiing are not yet available. For Offilne filling of tax returns forms are available. You can download income tax forms, from here.
Can we file tax return for fy 2015-16??
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.
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