{
  "country": "IN", "year": "2026-27", "currency": "INR",
  "notes": "FY 2026-27 (AY 2027-28). Budget 2026 left slabs unchanged. New regime: 0/5/10/15/20/25/30% at 4/8/12/16/20/24 lakh, standard deduction ₹75,000, rebate (s.87A, now s.157 of the Income-tax Act 2025) up to ₹60,000 for taxable income ≤ ₹12 lakh with marginal relief. Old regime: 5/20/30% at 2.5/5/10 lakh, standard deduction ₹50,000, 80C up to ₹1.5 lakh, rebate ₹12,500 ≤ ₹5 lakh. Health & education cess 4%. Surcharge 10/15/25% (new regime cap 25%; old regime 37% above ₹5 crore). EPF employee 12% of basic; professional tax varies by state (₹2,400–2,500/yr typical).",
  "cess": 0.04,
  "new": {"slabs": [[400000, 0], [800000, 0.05], [1200000, 0.10], [1600000, 0.15], [2000000, 0.20], [2400000, 0.25], [null, 0.30]], "std": 75000, "rebateLimit": 1200000, "rebateMax": 60000, "marginalRelief": true,
          "surcharge": [[5000000, 0.10], [10000000, 0.15], [20000000, 0.25]]},
  "old": {"slabs": [[250000, 0], [500000, 0.05], [1000000, 0.20], [null, 0.30]], "std": 50000, "rebateLimit": 500000, "rebateMax": 12500, "marginalRelief": false, "sec80cLimit": 150000,
          "surcharge": [[5000000, 0.10], [10000000, 0.15], [20000000, 0.25], [50000000, 0.37]]},
  "epf": {"rate": 0.12},
  "professionalTax": 2400
}