The present paper highlights the usefulness of bi-linear stress strain relationship of steel with inclined plastic branch with respect to horizontal plastic branch for slender rectangular shear wall design. The inclined branch refers to strain hardening of steel for which, stresses also increase with strain beyond the yield point. This significantly complicates the solution process for load-based design approach as adopted in flexure design. For design of sections subjected to axial forces with flexure, capacity-based approach of design is adopted instead of load-based design. Hence, the myth that the inclined plastic planch will lead to cumbersome and tedious calculations does not seems to hold good for capacity-based design approach which is adopted for design of columns and shear walls. In the present paper using different strength classes of concrete as permitted by the latest version of Eurocode2 (2023) and strength of steel, fyk= 500 MPa along with different ductility classes have been used for the development of P-M interaction charts for rectangular shear walls with uniformly distributed vertical reinforcements. An average of 12.26% and 3.42% increment in moment capacity values have been obtained in under reinforced and over reinforced failure conditions respectively between charts prepared by inclined and horizontal plastic branch.