Income Tax Slab History (2014-2026)
New and old regime tax slabs for every financial year, sourced from Finance Acts and Income Tax Department notifications.
Source: Income Tax Department, Finance Acts 2014-2025 · Last updated: September 2026
New Regime - Slab History
The new tax regime was introduced in Budget 2020 (FY 2020-21). It became the default regime from FY 2023-24, and was significantly revised in Budget 2025 (FY 2025-26).
| Income Range | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh - ₹8 lakh | 5% |
| ₹8 lakh - ₹12 lakh | 10% |
| ₹12 lakh - ₹16 lakh | 15% |
| ₹16 lakh - ₹20 lakh | 20% |
| ₹20 lakh - ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Standard deduction: ₹75,000. Section 87A rebate: up to ₹60,000 (effective zero tax up to ₹12 lakh income).
| Income Range | Rate |
|---|---|
| Up to ₹3 lakh | Nil |
| ₹3 lakh - ₹6 lakh | 5% |
| ₹6 lakh - ₹9 lakh | 10% |
| ₹9 lakh - ₹12 lakh | 15% |
| ₹12 lakh - ₹15 lakh | 20% |
| Above ₹15 lakh | 30% |
Standard deduction: ₹50,000 (from FY 2023-24). 87A rebate: up to ₹25,000 (zero tax up to ₹7 lakh).
| Income Range | Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5 lakh - ₹5 lakh | 5% |
| ₹5 lakh - ₹7.5 lakh | 10% |
| ₹7.5 lakh - ₹10 lakh | 15% |
| ₹10 lakh - ₹12.5 lakh | 20% |
| ₹12.5 lakh - ₹15 lakh | 25% |
| Above ₹15 lakh | 30% |
Original new regime - no standard deduction, no exemptions, no most deductions. Optional (old regime was default).
Old Regime - Current Slabs
The old regime slabs have not changed since FY 2014-15. Only the basic exemption limit has stayed at ₹2.5 lakh (₹3L for 60+, ₹5L for 80+).
| Income Range | Rate |
|---|---|
| Up to ₹2.5 lakh (₹3L for 60+, ₹5L for 80+) | Nil |
| ₹2.5 lakh - ₹5 lakh | 5% |
| ₹5 lakh - ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
Standard deduction: ₹50,000 (from FY 2018-19). 87A rebate: up to ₹12,500 (zero tax up to ₹5 lakh). Plus 4% health and education cess on all tax.