What is the income tax slab under the New Regime for FY 2025-26?

New Tax Regime slabs for FY 2025-26: NIL up to ₹4 lakh, 5% from ₹4-8 lakh, 10% from ₹8-12 lakh, 15% from ₹12-16 lakh, 20% from ₹16-20 lakh, 25% from ₹20-24 lakh, 30% above ₹24 lakh. With 87A rebate, effectively NIL tax for income up to ₹12 lakh.

Updated: March 2026 FY 2025-26 | AY 2026-27 | New Regime Default

Income Tax Calculator FY 2025-26 - Old vs New Regime

Q: Which tax regime is better for FY 2025-26?

The New Tax Regime is better if your total deductions (80C + 80D + HRA + home loan interest etc.) are less than approximately ₹3.75 lakh. If your deductions exceed ₹3.75 lakh, the Old Regime usually saves more tax. Use the calculator above to compare both regimes for your exact income and deductions.

Q: Is there NIL tax up to ₹12 lakh under the New Regime?

Yes. Under the New Tax Regime for FY 2025-26, the Section 87A rebate provides NIL tax for resident individuals with total income up to ₹12 lakh. For salaried individuals, the ₹75,000 standard deduction means NIL tax effectively up to ₹12.75 lakh gross salary. Note: this rebate is not available to NRIs.

Enter your income and deductions below to instantly see your tax under both regimes and find out which one saves you more money. Updated for Budget 2025 New Regime slabs and ₹12 lakh 87A rebate.

Your Profile

Date of Birth

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Residential Status

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Annual Income

Gross Salary / Pension (₹)

Enter annual CTC or gross salary

Other Income (₹)

FD interest, dividends, rental income

Net House Property Income (₹)

Rental income after 30% std. deduction & loan interest. Enter negative value for loss.

LTCG on Equity / MF above ₹1.25L (₹)

Taxable LTCG (after ₹1.25L exemption) - taxed at 12.5%

STCG on Equity / MF (₹)

STCG on equity - taxed at 20%

Deductions (Old Regime Only) Not applicable in New Regime

Section 80C (₹) Max ₹1,50,000

PPF, ELSS, LIC, EPF, NSC, home loan principal, tuition fees

NPS 80CCD(1B) (₹) Max ₹50,000

NPS self-contribution over and above 80C limit

Section 80D Health Insurance (₹) Max ₹75,000

₹25,000 self/family + ₹50,000 senior citizen parents

HRA Exemption (₹)

Exempt portion of HRA (calculate separately based on rent/salary)

Home Loan Interest Sec 24(b) (₹) Max ₹2,00,000

For self-occupied property only. Let-out property: enter via House Property Income above.

Other Deductions 80E / 80G / 80TTA (₹)

80E education loan interest + 80G donations + 80TTA savings interest (max ₹10,000)

Employer NPS 80CCD(2) - Available in BOTH Regimes

Employer NPS Contribution 80CCD(2) (₹)

Up to 14% of basic (Govt) / 10% of basic (private) — available in New Regime too

Your Tax Summary

FY 2025-26 | AY 2026-27

Showing result for:

New Tax Regime

Gross Income₹0

Standard Deduction- ₹0

Chapter VI-A Deductions- ₹0

Employer NPS (80CCD2)- ₹0

Taxable Income₹0

Tax on Regular Income₹0

Tax on LTCG @ 12.5%₹0

Tax on STCG @ 20%₹0

Surcharge₹0

Less: 87A Rebate₹0

Health & Ed. Cess @ 4%₹0

Total Tax Payable

₹0

Effective Tax Rate: 0% Monthly Tax: ₹0

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Tax Slab Reference - FY 2025-26

Quick reference for both regimes. The New Regime is the default from FY 2023-24.

New Tax Regime

DEFAULT

Income Slab	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%

⭐ 87A Rebate: NIL tax up to ₹12L | Std. Deduction: ₹75,000 (salaried)

Old Tax Regime

Opt-in Required

Income Slab	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%

📌 Senior (60-80): NIL up to ₹3L | Super Senior (80+): NIL up to ₹5L | 87A: NIL up to ₹5L income | Std. Ded.: ₹50,000

Surcharge: 10% on income ₹50L-₹1Cr | 15% on ₹1Cr-₹2Cr | 25% on ₹2Cr-₹5Cr | 25% above ₹5Cr (New Regime max) | 37% above ₹5Cr (Old Regime). Health & Education Cess: 4% on tax + surcharge for all taxpayers.

Old Regime vs New Regime - When to Choose What?

Use this quick decision guide if you don't want to run the calculator for every scenario.

Choose Old Regime if you have:

Home loan with large interest (close to ₹2L deduction)
HRA exemption (paying significant rent)
Full 80C investment (₹1.5L in EPF/PPF/LIC)
Family health insurance (80D near ₹75,000)
NPS self-contribution (additional ₹50,000 under 80CCD(1B))
Total deductions above ~₹3.75 lakh

Choose New Regime if you:

Have limited deductions (no home loan, low 80C)
Are a first-time earner or early career professional
Have salary income up to ₹12.75 lakh (NIL tax)
Prefer simpler compliance without proof submissions
Have employer NPS contribution (80CCD(2) — still available)
Total deductions below ~₹3.75 lakh

The Break-Even Rule of Thumb

The New Regime saves more tax when total eligible deductions are below ₹3.75 lakh. Above that, the Old Regime typically wins. But the exact number varies by income level — always run both through the calculator above for your specific situation. Salaried employees can decide which regime to use at ITR filing time, even if they declared a different regime to their employer.

Frequently Asked Questions

Which tax regime is better for FY 2025-26?

The New Regime is better when total deductions are below ~₹3.75 lakh. The Old Regime wins when you have a home loan (₹2L interest), full 80C (₹1.5L), NPS (₹50K), and 80D health insurance (₹75K) — combined ₹5.25 lakh in deductions. Use the calculator above to find out exactly for your numbers.

What is the income tax slab under New Regime FY 2025-26?

New Regime slabs for FY 2025-26: NIL up to ₹4L, 5% from ₹4-8L, 10% from ₹8-12L, 15% from ₹12-16L, 20% from ₹16-20L, 25% from ₹20-24L, 30% above ₹24L. The 87A rebate makes income up to ₹12 lakh tax-free for residents. Salaried employees get an additional ₹75,000 standard deduction, making gross salary up to ₹12.75 lakh effectively tax-free.

Is there NIL tax up to ₹12 lakh under the New Regime?

Yes — the Section 87A rebate provides NIL tax for resident individuals with total income up to ₹12 lakh under the New Regime. For salaried individuals, adding the ₹75,000 standard deduction means NIL tax up to ₹12.75 lakh gross salary. Important: this is an all-or-nothing cliff — income of ₹12,00,001 loses the entire rebate and ₹80,000 tax becomes payable. The rebate is NOT available to NRIs.

Can I switch between Old and New Tax Regime every year?

Salaried individuals and those without business income can switch between regimes every year at ITR filing time. If you declared Old Regime to your employer (for TDS purposes) but New Regime saves more, you can switch at filing. Those with business/professional income can only switch from New to Old Regime once in a lifetime — choose carefully.

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indiantaxplanning.in · CA-verified · Updated March 2026

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Income Tax Calculator FY 2025-26 - Old vs New Regime

Your Tax Summary

Income Breakdown - Where Does Your Money Go?

Tax Slab Reference - FY 2025-26

New Tax Regime

Old Tax Regime

Old Regime vs New Regime - When to Choose What?

Choose Old Regime if you have:

Choose New Regime if you:

Frequently Asked Questions

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