INCOME TAX ON ₹24 LAKH · SALARIED · NEW REGIME · FY 2025-26
NEW REGIME (DEFAULT)
₹2,92,500
EFFECTIVE RATE
12.19%
MONTHLY TAKE-HOME
₹1,75,625
OLD REGIME (NO EXTRA DEDUCTIONS)
₹5,38,200
EFFECTIVE RATE
22.43%
MONTHLY TAKE-HOME
₹1,55,150
✅ New Regime saves ₹2,45,700/year (₹20,475/month) vs Old Regime with no deductions
NEW REGIME — SLAB BREAKDOWN (₹24L SALARIED)
| Slab | Rate | Taxable Amt | Tax |
|---|---|---|---|
| Standard deduction | — | −75,000 | — |
| Up to Rs.4L | 0% | ₹4,00,000 | Nil |
| Rs.4L - Rs.8L | 5% | ₹4,00,000 | ₹20,000 |
| Rs.8L - Rs.12L | 10% | ₹4,00,000 | ₹40,000 |
| Rs.12L - Rs.16L | 15% | ₹4,00,000 | ₹60,000 |
| Rs.16L - Rs.20L | 20% | ₹4,00,000 | ₹80,000 |
| Rs.20L - Rs.24L | 25% | ₹3,25,000 | ₹81,250 |
| Above Rs.24L | 30% | Nil | Nil |
| TOTAL TAX (incl. 4% cess) | ₹2,92,500 | ||
KEY FACTS — ₹24L SALARY (NEW REGIME)
GROSS SALARY
₹24,00,000
STANDARD DEDUCTION
₹75,000
TAXABLE INCOME
₹23,25,000
TOTAL TAX
₹2,92,500
EFFECTIVE RATE
12.19%
MONTHLY TAKE-HOME
₹1,75,625
NEW vs OLD — ₹24L (NO EXTRA DEDUCTIONS)
| New Regime | Old Regime | |
|---|---|---|
| Std deduction | ₹75,000 | ₹50,000 |
| Taxable income | ₹23,25,000 | ₹23,50,000 |
| Total tax | ₹2,92,500 | ₹5,38,200 |
| Effective rate | 12.19% | 22.43% |
| Monthly take-home | ₹1,75,625 | ₹1,55,150 |
New Regime saves ₹2,45,700/year with no deductions.
→ Calculate with YOUR deductions — New vs Old ComparisonIncome tax on ₹24 lakh salary · New Regime FY 2025-26 · Salaried · Std deduction ₹75,000 · Total tax Rs.292,500 · Eff. rate 12.19% · Budget 2025