Tax Details

Clear info on ITR slabs, rates, rebates, and forms.

ITR Slabs

Understand income ranges and corresponding tax rates.

Tax Rebates

Learn about deductions that reduce your tax burden.

Find the right forms to file your income tax returns easily.

ITR Forms

FAQs

What are ITR slabs?

ITR slabs are income ranges that determine your tax rate.

How to check current tax rates?

You can find updated tax rates on official government websites or this page.

What rebates are available for taxpayers?

Common rebates include deductions for investments, savings, and certain expenses under sections like 80C and 87A.

Where to find ITR forms?

ITR forms are downloadable from the income tax department’s official website.

When is ITR filing deadline?

The usual deadline is July 31st each year unless extended.

Can I revise my ITR after submission?

Yes, you can file a revised return within the allowed time frame if you find errors.

🧾 Income Tax (ITR) Details – FY 2025–26 (AY 2026–27)

📊 Income Tax Slabs

🟢 New Tax Regime (Default)

👉 These revised slabs apply for FY 2025–26 and continue unchanged into FY 2026–27.

💡 Key Benefits (New Regime)

• Rebate u/s 87A:
  👉 No tax up to ₹12,00,000 income

• Standard Deduction: ₹75,000 (salary/pension)

• Simplified system (no major deductions like 80C, HRA)

🔵 Old Tax Regime (Optional)

👉 Rebate u/s 87A:

• No tax up to ₹5,00,000 income

👉 Standard Deduction: ₹50,000

👉 Deductions allowed: 80C, 80D, HRA, etc.

➕ Additional Charges

• Health & Education Cess: 4%

• Surcharge (if applicable):

  • 10% (₹50L – ₹1Cr)

  • 15% (₹1Cr – ₹2Cr)

  • 25% (₹2Cr – ₹5Cr)

  • 37% (above ₹5Cr – old regime)

📄 ITR Forms (AY 2026–27)

🧍 ITR-1 (Sahaj)

• Salary income up to ₹50 lakh

• One house property

• Interest income

🧾 ITR-2

• No business income

• Capital gains, foreign assets

💼 ITR-3

• Business / professional income

🧮 ITR-4 (Sugam)

• Presumptive income (44AD, 44ADA, 44AE)

🏢 Other Forms

• ITR-5 → Firms, LLPs

• ITR-6 → Companies

• ITR-7 → Trusts/NGOs

📅 Important Dates (Expected)

• ITR Filing Due Date: 31 July 2026 (non-audit)

• Audit Cases: 31 October 2026

• Revised / Belated Return: 31 December 2026 (may extend as per govt updates)

📌 Key Highlights FY 2025–26

• New regime remains default system

• Income up to ₹12 lakh effectively tax-free

• Higher slab structure (₹4 lakh base exemption)

• Standard deduction increased to ₹75,000

• No major slab changes announced in Budget 2026

Income Tax Slabs & Rates