Applies to: FY 2025-26 (AY 2026-27) · Last reviewed: 2026-08-04 · Reviewed by CA Harun Raaj, ICAI Membership No. 238303 · dual-cited ITA 1961 + ITA 2025

Verified rate reference

FY 2025-26 tax rates master table

A single, auto-synced reference for the rates and thresholds used by HRA's calculators. Tables are dated 2026-08-04 and do not replace a review of your facts.

Income-tax slabs and deductions

Item	Old regime	New regime	Statute
Up to ₹2,50,000	0%	0%	Section 115BAC
Up to ₹5,00,000	5%	5%	Normal provisions / 115BAC
Up to ₹10,00,000	20%	10%	Normal provisions / 115BAC
Above prior band	30%	15%	Normal provisions / 115BAC
New-regime band 5	—	20%	Section 115BAC
New-regime band 6	—	25%	Section 115BAC
New-regime band 7	—	30%	Section 115BAC
Standard deduction	₹50,000	₹75,000	Finance Act 2025
Section 87A income ceiling / maximum rebate	₹5,00,000 / ₹12,500	₹12,00,000 / ₹60,000	Section 87A
Health and education cess	4%	4%	Configured cess

New-regime rebate note: Marginal relief applies just above ceiling. Surcharge note: 37% not applicable in new regime — capped at 25% under 115BAC

Surcharge

Income above	Configured rate	Note
₹50,00,000	10%	Applies under the configured regime rules.
₹1,00,00,000	15%	Applies under the configured regime rules.
₹2,00,00,000	25%	Applies under the configured regime rules.
₹5,00,00,000	37%	37% not applicable in new regime — capped at 25% under 115BAC

Capital gains

Cutover date: 2024-07-23. The applicable rate era depends on the transaction facts.

Asset / era	LTCG	STCG	Holding period / treatment	Statute pins
Listed equity / equity MF, post-cutover	12.5% after exemption of ₹1,25,000	20%	12 months for LT; indexation: false	Section 112A · Section 111A · Section 48
Listed equity / equity MF, pre-cutover	10% after exemption of ₹1,00,000	15%	Indexation: false	Section 112A · Section 111A
Land / building, post-cutover	12.5%	Not configured	24 months for LT; indexation: false; For land/building acquired before 23-07-2024 by resident individuals/HUF: lower of 12.5% without indexation OR 20% with indexation	Section 48
Specified debt MF acquired on or after 2023-04-01	Not available	slab-rate (s.50AA deemed STCG)	No LTCG regardless of holding period for specified debt MFs	Section 50AA · Section 48

HRA exemption

FY	Configured metro cities	Metro percentage	Non-metro percentage
FY 2025-26	Delhi, Mumbai, Kolkata, Chennai	50%	40%
FY 2026-27	Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune	50%	40%

CA-confirmed (Harun Raaj, 04-08-2026): metro list expanded effective 1 Apr 2026 — i.e. FY 2026-27 onward. CRITICAL: ITR filings for FY 2025-26 (AY 2026-27, current filing season) still use the 4-city list; current-year payroll/HRA declarations (FY 2026-27) use the expanded list. Tools MUST pick the list by the FY being computed and show this transition note. Exact amending notification number: pending CA insertion. Landlord PAN threshold: ₹1,00,000 (CBDT Circular 8/2013). Statute: Section 10(13A) + Rule 2A.

TDS

Section / effective date	Rate	Threshold	Scope / caveat
Section 194T / 2025-04-01	10%	₹20,000 annual	partnership firm or LLP paying partner; nature: remuneration, salary, bonus, commission, interest. VERIFY-CA: whether TDS applies on full amount once threshold crossed, or only on excess (ledger V-item in logic-test table)
Section 194IB	2%	₹50,000 per month	rate reduced from 5% to 2% w.e.f. Oct 2024

Virtual digital assets

Item	Configured value	Statute
VDA tax rate	30%	Section 115BBH
VDA TDS rate	1%	Section 194S
TDS thresholds	General: ₹10,000; specified person: ₹50,000	Section 194S
Losses and deductions	Loss set-off: false; loss carry-forward: false; deductions: cost of acquisition only	Section 115BBH · Section 2(47A)