CBDT · Earlier year
India tax slabs FY 2024-25
The thresholds and rates applied by the India calculator for FY 2024-25. The top band starts at INR 15,00,000 and is taxed at 30%.
| Taxable income | Rate |
|---|---|
| INR 0 – INR 3,00,000 | 0% |
| INR 3,00,000 – INR 7,00,000 | 5% |
| INR 7,00,000 – INR 10,00,000 | 10% |
| INR 10,00,000 – INR 12,00,000 | 15% |
| INR 12,00,000 – INR 15,00,000 | 20% |
| Above INR 15,00,000 | 30% |
How these bands apply in practice
A salary of INR 15,00,000 in FY 2024-25 is estimated to pay INR 1,30,000 in income tax, an effective rate of 8.67%. Only the income inside each band is taxed at that band’s rate, so the top rate of 30% applies to the last slice, not the whole salary.
India uses 5 taxed bands for FY 2024-25. The first INR 3,00,000 is tax-free.
Open this example in the calculatorQuestions about FY 2024-25
Does the FY 2024-25 top rate apply to my whole salary?
No. Only income above INR 15,00,000 is taxed at 30%. The rest is taxed at the lower bands, so a INR 15,00,000 salary pays about INR 1,30,000.
Which tax year should I use?
Use FY 2024-25 if the salary was paid in that period. The current year is FY 2026-27; earlier years are kept for checking old returns or comparing changes.
Source
Income tax slabs for FY 2026-27 (AY 2027-28). Budget 2026 left the FY 2025-26 slab structure unchanged; the Income-tax Act, 2025 applies from 1 April 2026.
Last reviewed 1 November 2026. See the methodology.