🇮🇳 India Statutory Tax Guide
India Tax Brackets & Rates (2026)
Comprehensive statutory tax rates, withholding thresholds, social contributions, and deduction rules governed by Income Tax Department (CBDT).
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📜 Statutory Authority & Legal Framework
In India, personal income taxation is administered by the Income Tax Department (CBDT) under the authority of Income-tax Act, 1961 - Section 115BAC New Tax Regime.
India Section 115BAC revised tax regime with flat ₹75,000 standard deduction, 0% to 30% progressive brackets, Section 87A rebate for income up to ₹7,00,000, and 4% cess.
📊 2026 Progressive Marginal Tax Brackets
ISO: INR| Income Bracket (₹) | Marginal Tax Rate | Bracket Type |
|---|---|---|
| ₹0 – ₹3,00,000 (0%) | 0.0% | Tax-Free Allowance |
| ₹3,00,001 – ₹7,00,000 (5%) | 5.0% | Tier 2 |
| ₹7,00,001 – ₹10,00,000 (10%) | 10.0% | Tier 3 |
| ₹10,00,001 – ₹12,00,000 (15%) | 15.0% | Tier 4 |
| ₹12,00,001 – ₹15,00,000 (20%) | 20.0% | Tier 5 |
| Above ₹15,00,000 (30%) | 30.0% | Tier 6 |
🛡️ Mandatory Social Security & Pension Contributions
Employees Provident Fund (EPF)
Employee Share: 12.0%
Employer Share: 12.0%
Wage Cap: ₹ 180,000
Frequently Asked Questions: India Taxation
What are the income tax brackets in India? ↓
India operates a progressive tax system administered by Income Tax Department (CBDT) under Income-tax Act, 1961 - Section 115BAC New Tax Regime.
What social security or pension contributions apply in India? ↓
Mandatory contributions include: Employees Provident Fund (EPF) (12.0%).