CBDT · Current year
India tax slabs FY 2026-27
The thresholds and rates applied by the India calculator for FY 2026-27. The top band starts at INR 24,00,000 and is taxed at 30%.
| Taxable income | Rate |
|---|---|
| INR 0 – INR 4,00,000 | 0% |
| INR 4,00,000 – INR 8,00,000 | 5% |
| INR 8,00,000 – INR 12,00,000 | 10% |
| INR 12,00,000 – INR 16,00,000 | 15% |
| INR 16,00,000 – INR 20,00,000 | 20% |
| INR 20,00,000 – INR 24,00,000 | 25% |
| Above INR 24,00,000 | 30% |
How these bands apply in practice
A salary of INR 15,00,000 in FY 2026-27 is estimated to pay INR 97,500 in income tax, an effective rate of 6.5%. 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 6 taxed bands for FY 2026-27. The first INR 4,00,000 is tax-free.
Open this example in the calculatorQuestions about FY 2026-27
Does the FY 2026-27 top rate apply to my whole salary?
No. Only income above INR 24,00,000 is taxed at 30%. The rest is taxed at the lower bands, so a INR 15,00,000 salary pays about INR 97,500.
Which tax year should I use?
Use FY 2026-27 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.