Increase tax credits
Income Tax Slabs
As per the latest income tax regulations for the year 2026-2027, the following slabs and income tax rates will be applicable for salaried persons:
- Where the taxable salary income does not exceed Rs. 600,000, the rate of income tax is 0%.
- Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, the rate of income tax is 1% of the amount exceeding Rs. 600,000.
- Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,200,000, the rate of income tax is Rs. 6,000 + 11% of the amount exceeding Rs. 1,200,000.
- Where the taxable salary income exceeds Rs. 2,200,000 but does not exceed Rs. 3,200,000, the rate of income tax is Rs. 116,000 + 20% of the amount exceeding Rs. 2,200,000.
- Where the taxable salary income exceeds Rs. 3,200,000 but does not exceed Rs. 4,100,000, the rate of income tax is Rs. 316,000 + 25% of the amount exceeding Rs. 3,200,000.
- Where the taxable salary income exceeds Rs. 4,100,000 but does not exceed Rs. 5,600,000, the rate of income tax is Rs. 541,000 + 29% of the amount exceeding Rs. 4,100,000.
- Where the taxable salary income exceeds Rs. 5,600,000 but does not exceed Rs. 7,000,000, the rate of income tax is Rs. 976,000 + 32% of the amount exceeding Rs. 5,600,000.
- Where the taxable salary income exceeds Rs. 7,000,000, the rate of income tax is Rs. 1,424,000 + 35% of the amount exceeding Rs. 7,000,000.
