The new tax regime for defence personnel has changed a lot since 2024. Quick summary for FY 2026-27:
Full updated guide: Read the complete article
Discussion: Which regime did you choose for FY 2026-27, and why? Share your experience with your Pay and Accounts Office.
- Slabs: Nil up to Rs 4 lakh, 5% (4-8L), 10% (8-12L), 15% (12-16L), 20% (16-20L), 25% (20-24L), 30% above Rs 24 lakh
- Rebate: Nil tax up to Rs 12 lakh taxable income (Rs 12.75 lakh for salaried after standard deduction)
- Standard deduction: Rs 75,000 on salary and pension; family pension Rs 25,000 or 1/3rd
- Allowed: Gratuity, leave encashment, uniform and conveyance allowance, AFPP/DSOP, Agniveer Corpus Fund
- Not allowed: HRA, LTA, 80C, 80D, 80G, field area and high altitude allowances
Full updated guide: Read the complete article
Discussion: Which regime did you choose for FY 2026-27, and why? Share your experience with your Pay and Accounts Office.
