India's income tax system for FY 2025-26 offers two regimes — and choosing the wrong one can cost you tens of thousands of rupees. The New Tax Regime is now the default, offering lower slab rates starting at 5% but eliminating most deductions. The Old Tax Regime has higher base rates but allows dedu...
| INCOME SLAB | RATE |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
Std deduction ₹75K (salaried) · 87A rebate up to ₹60K if income ≤ ₹12L · +4% cess
| INCOME SLAB | RATE |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
Std deduction ₹50K (salaried) · 80C up to ₹1.5L · 80D up to ₹25K · 87A rebate if ≤₹5L · +4% cess
Enter your Annual Gross Income — your total income before any deductions or tax.
Select New Regime (default, lower rates, fewer deductions) or Old Regime (higher rates, more deductions).
Choose Salaried or Self-Employed — salaried employees get a standard deduction automatically.
If Old Regime: enter your Section 80C deductions (PPF, ELSS, LIC premiums — max ₹1,50,000) and 80D (health insurance — max ₹25,000).
See your total tax, slab breakdown, Section 87A rebate (if applicable), 4% cess, and take-home pay instantly.
Salaried employee, ₹15,00,000 gross income, New Regime. Standard Deduction: ₹75,000. Taxable Income: ₹14,25,000. Slab calculation: 5% on ₹4L-₹8L = ₹20,000 + 10% on ₹8L-₹12L = ₹40,000 + 15% on ₹12L-₹14.25L = ₹33,750. Total slab tax = ₹93,750. No 87A rebate (taxable income > ₹12L). Health & Education Cess 4% = ₹3,750. Total tax = ₹97,500. Take-home = ₹15,00,000 - ₹97,500 = ₹14,02,500. Effective rate = 6.5%.
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FY 2025-26 (AY 2026-27) · Below 60 years · For informational purposes only · Consult a CA for tax advice · Last updated: 25 April 2026