New tax regime slabs (FY 2025-26)
| 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, salaried taxpayers get a ₹75,000 standard deduction, and the rebate under section 87A makes income up to ₹12 lakh (₹12.75 lakh for salaried) effectively tax-free. Most deductions such as 80C and HRA are not allowed.
Old tax regime slabs
Below 60: nil up to ₹2.5 lakh, 5% up to ₹5 lakh, 20% up to ₹10 lakh, 30% above. The basic exemption is ₹3 lakh for senior citizens (60–79) and ₹5 lakh for super seniors (80+). The standard deduction is ₹50,000, and the 87A rebate makes income up to ₹5 lakh tax-free.
Which regime should I choose?
If your total deductions (80C, 80D, HRA, home loan interest and so on) are large, the old regime may still save tax. Otherwise the new regime is usually cheaper. The calculator above shows both side by side.
Disclaimer: This is an estimate based on FY 2025-26 rules. A 4% health & education cess and surcharge (for income above ₹50 lakh) are included. Marginal relief on surcharge, special-rate income such as capital gains, and later changes in law are not covered. Consult a tax professional before filing.