Revised Income Tax Slabs (New Regime)
| Sl. No. | Total Income (₹) | Rate of Tax (%) |
|---|---|---|
| 1 | Upto ₹4,00,000 | Nil |
| 2 | ₹4,00,001 to ₹8,00,000 | 5% |
| 3 | ₹8,00,001 to ₹12,00,000 | 10% |
| 4 | ₹12,00,001 to ₹16,00,000 | 15% |
| 5 | ₹16,00,001 to ₹20,00,000 | 20% |
| 6 | ₹20,00,001 to ₹24,00,000 | 25% |
| 7 | Above ₹24,00,000 | 30% |
Rebate under Section 87A (Applicable for Individuals under New Regime – Section 115BAC(1A))
| Particulars | Existing (AY 2025-26) | Proposed (AY 2026-27 onwards) |
| Maximum Income Eligible for Rebate | ₹7,00,000 | ₹12,00,000 |
| Maximum Rebate Amount | ₹25,000 | ₹60,000 |
| Condition | Rebate shall not exceed the tax payable | Rebate shall not exceed the tax payable |
Important Note : as mentioned above, such rebate of income-tax is not available on tax on
incomes chargeable at special rates (for e.g.: capital gains u/s 111A, 112 etc.
Examples to clarify tax benefits under New Slabs
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