Skip to main content
🛡️Independent Financial Information & Expert Connection Platform
Help
FinSetu India - Har Zarurat, Ek Solution — India's Trusted Financial & Cultural Utility Platform
Income Tax
Updated: 15th August 2026•Income-tax Act, 2025 (TY 2026-27)

Income Tax Slabs for FY 2026-27 (AY 2027-28): Old vs New Comparison

आयकर स्लैब दरें (वित्तीय वर्ष 2026-27)

Detailed comparison of statutory income tax slabs, basic exemption limits, tax rates, surcharge thresholds, and health & education cess under both regimes for FY 2026-27.

Written by: Author Profile
Direct Tax & CA Review Panel

Chartered Accountancy Review Panel • Senior Direct Tax Review Desk

Reviewed & Fact-Checked by: Technical Review Panel
Tax Law & Dispute Review Desk

Tax Litigation & Legal Review Panel • Tax Appeal & Procedure Review Desk

Published: 1st April 2026•Last Updated: 15th August 2026•Last Reviewed: 15th August 2026

Key Statutory Highlights (FY 2026-27 (AY 2027-28))

New Regime Slabs (Income-tax Act, 2025): ₹0-4L (0%), ₹4-8L (5%), ₹8-12L (10%), ₹12-16L (15%), ₹16-20L (20%), ₹20-24L (25%), Above ₹24L (30%).
Old Regime Slabs: ₹0-2.5L (0%), ₹2.5-5L (5%), ₹5-10L (20%), Above ₹10L (30%).
4% Health & Education Cess applies uniformly on aggregate income tax and surcharge across both regimes.
Section 156 rebate provides zero tax up to ₹12,00,000 taxable income in FY 2026-27 New Regime (Section 87A provided zero tax up to ₹7,00,000 in historical FY 2025-26).

Who is Eligible & When Does it Apply?

Applicability #1

All individual taxpayers, Senior Citizens (60-80 yrs), Super Senior Citizens (80+ yrs in Old Regime), and HUFs.

Step-by-Step Procedure & Compliance Roadmap

1

Select Financial Year & Regime

Ensure you are evaluating slabs for FY 2026-27 (AY 2027-28).

2

Calculate Slab-Wise Tax

Break down taxable income into successive brackets and apply corresponding percentage rates.

3

Add Surcharge & 4% Cess

Apply applicable surcharge if taxable income exceeds ₹50 Lakh, then add 4% Cess on the total.

Mandatory Documents Checklist

Form 16 or Tax Computation sheet

Common Mistakes & Compliance Risks to Avoid

•Applying the flat slab rate to the entire income rather than progressive marginal slab brackets.

Frequently Asked Questions

Are senior citizens entitled to higher exemption under the New Regime?

Under the New Tax Regime (Section 115BAC), the basic exemption limit is ₹3,00,000 uniformly for all individual taxpayers, regardless of age.

Interactive Tax Calculators
Income Tax CalculatorSalary Tax Calculator
Related Tax Knowledge
New Tax Regime GuideOld Tax Regime Guide
Ask FinSetu Mitra about Income Tax Slabs for FY 2026-27 (AY 2027-28): Old vs New Comparison

Need clarification on this tax topic? Ask our bilingual AI Guide for instant conceptual guidance.

Connect with a Tax Consultant

Need filing assistance or personalized case representation? Connect with a qualified active professional.

🛡️ Educational Disclaimer: FinSetu India is an independent educational guidance and calculation platform. Content is published for general citizen awareness based on applicable laws as of FY 2026-27 (AY 2027-28). We do not provide personalized legal/tax advice or file returns directly. Verify current applicable rules on official portals or consult a qualified Chartered Accountant / Tax Lawyer.