TL;DR: The New Tax Regime remains the default tax system in India for FY 2026-27, offering reduced tax slab rates and an increased standard deduction of ₹75,000 for salaried employees. Individuals with an annual taxable income of up to ₹7.75 Lakh pay zero income tax due to the combined benefits of the standard deduction and Section 87A rebate.
Choosing the right tax path is crucial as direct tax rules evolve in India. For the financial year (FY) 2026-27, corresponding to the assessment year (AY) 2027-28, the government continues to
Written by Rahul Dubey
Tech, AI & Digital Ecosystem Specialist at 99InfoStore, covering artificial intelligence breakthroughs, consumer gadgets, fintech, and digital economy trends.
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