Income-tax slabs
High-level slab overview for individuals. Surcharge, health and education cess, rebates (including section 87A where applicable), and regime-specific deductions change the effective tax. Confirm for the relevant assessment year on the Income Tax portal.
New regime (default)
Illustrative slabs, verify for AY in force
| Income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old regime (optional)
Basic exemption may differ for senior / super-senior citizens
| Income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Notes: The new tax regime is the default for individuals unless the old regime is opted in the prescribed manner. Chapter VI-A deductions and many exemptions are restricted under the new regime. Always compute with the Finance Act applicable to the assessment year.
Related: TDS rates · GST calendar · enquire
Rates and slabs change with Finance Acts and notifications. Confirm on the Income Tax / GST portals before use. This is general information, not advice.