New regime slabs — FY 2025‑26
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Under the new regime, a full Section 87A rebate makes tax zero for taxable income up to ₹12 lakh. With the ₹75,000 standard deduction, a salaried person earning up to about ₹12.75 lakh pays no tax. Just above ₹12 lakh, marginal relief ensures your tax never exceeds the income over ₹12 lakh.
Old regime slabs — FY 2025‑26
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
The old regime keeps the popular deductions — Section 80C (up to ₹1.5 lakh), 80D for health insurance, HRA, and home loan interest under Section 24(b). The 87A rebate makes tax zero for taxable income up to ₹5 lakh. A 4% health and education cess is added on top of the tax under both regimes.
New vs old — which is better?
If you claim large deductions (a home loan, full 80C, HRA), the old regime can still be cheaper. If your deductions are modest, the new regime's lower rates and bigger rebate usually win. The calculator above lets you switch regimes instantly to compare your own numbers.