Income Tax Slabs FY 2025-26, Both Regimes

This is the year from April 2025 to March 2026, governed by the Income-tax Act, 1961. If you are looking for the year that is running now, see the FY 2026-27 slabs.

Which Year’s Slabs Apply To You

Income is taxed under the slabs of the year it was earned, not the year you file.

A financial year runs from April to March. The income you earn in FY 2025-26 is reported in a return for AY 2026-27, the assessment year that follows. So a return for AY 2026-27 uses the slabs on this page. The slabs on the next year’s return are the ones for the following financial year.

The New Regime Slabs For FY 2025-26

Seven slabs, from nil to 30%, with the new regime as the default.

Each slab taxes only the income that falls inside it. The right-hand column shows what the bill would be if your income reached the top of that slab. Taxable income is your gross salary less the standard deduction, which was ₹75,000 in the new regime.

What Changed From FY 2024-25

The new regime was reshaped: wider slabs, a bigger rebate and a much higher tax-free salary.

• The new-regime slabs changed from FY 2024-25: nil tax now runs to ₹4,00,000, against ₹3,00,000, and the 30% rate now starts above ₹24,00,000, against ₹15,00,000.
• The rebate rose from ₹25,000 (taxable income up to ₹7,00,000) to ₹60,000 (up to ₹12,00,000), so a salary of up to ₹12,75,000 now pays no tax, against ₹7,75,000.
• The standard deduction in the new regime is the same, ₹75,000.
• The old-regime slabs are unchanged.

The Tax-Free Salary In FY 2025-26

Up to ₹12,75,000 of gross salary paid nothing.

Just above the line, marginal relief held the tax to the income earned over it, until a gross salary of about ₹13,45,600. The full workings, with the reasoning behind each step, are on the FY 2026-27 page, because the rule is the same.

Old Regime Slabs For FY 2025-26

The old regime kept its slabs, its smaller standard deduction and its deductions.

For someone under 60 the nil-tax limit was ₹2,50,000, the standard deduction was ₹50,000, and the rebate cancelled up to ₹12,500 of tax when taxable income was ₹5,00,000 or less.