What are the income tax slabs for FY 2025-26 under the new regime?

New regime FY 2025-26 slabs: ₹0–3L = 0%, ₹3L–7L = 5%, ₹7L–10L = 10%, ₹10L–12L = 15%, ₹12L–15L = 20%, above ₹15L = 30%. Standard deduction of ₹75,000 applies. Rebate u/s 87A gives zero tax for taxable income up to ₹7L (net tax up to ₹12L is nil due to marginal relief).

What are the income tax slabs for FY 2025-26 under the old regime?

Old regime FY 2025-26 slabs (below 60): ₹0–2.5L = 0%, ₹2.5L–5L = 5%, ₹5L–10L = 20%, above ₹10L = 30%. Standard deduction ₹50,000. Rebate u/s 87A: if taxable income ≤ ₹5L, rebate of ₹12,500 gives zero tax. Surcharge applies on incomes above ₹50L.

How much tax do I save if I choose the new regime vs old regime?

The new regime is generally better for incomes below ₹10L with few deductions. For incomes above ₹10L with full 80C (₹1.5L), 80D (₹25K), HRA, and NPS contributions, the old regime often saves more. Use TaxWalaAI's calculator to compare both with your exact numbers — the break-even deduction point is shown automatically.

Is there zero income tax for income up to ₹12 lakh in FY 2025-26?

Yes, under the new tax regime, taxpayers with taxable income up to ₹12 lakh (after standard deduction of ₹75,000, so gross salary up to ₹12.75L) effectively pay zero tax due to marginal relief provisions announced in Budget 2025. This applies only to the new regime.

What is surcharge on income tax in FY 2025-26?

Surcharge rates FY 2025-26: 10% on income ₹50L–1Cr, 15% on ₹1Cr–2Cr, 25% on ₹2Cr–5Cr (old regime only 37%), 25% above ₹5Cr. Under the new regime, surcharge is capped at 25% for all income levels. Health and Education Cess at 4% applies on tax+surcharge.

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Compare old vs new regime, slab-by-slab.

FY 2025-26 (AY 2026-27) — detailed breakdown with standard deduction, 87A rebate, surcharge and cess.

Personal Details

Age Group

Salary Components

Annual amounts from your pay slip

Basic Salary

₹

Usually 40-50% of CTC

HRA Received

₹

Special Allowance

₹

LTA

₹

Other Allowances

₹

Perquisites (Sec 17(2))

₹

Other Income

Rental, interest, capital gains

Rental Income

₹

Interest Income

₹

FD, savings, bonds

Short-Term Capital Gains

₹

Long-Term Capital Gains

₹

Deductions (Old Regime)

Section 80C

Limit: ₹1,50,000

PPF

₹

ELSS (Tax Saving MF)

₹

Life Insurance (LIC)

₹

Home Loan Principal

₹

Children Tuition

₹

Sukanya Samriddhi

₹

Other Deductions

NPS — 80CCD(1B)

₹

Limit: ₹50,000

Health Insurance (Self)

₹

Limit: ₹25K / ₹50K senior

Health Insurance (Parents)

₹

Home Loan Interest — 24(b)

₹

Limit: ₹2,00,000

Education Loan — 80E

₹

No upper limit

Donations — 80G

₹

Self is Senior CitizenParents are Senior Citizens

TDS Already Paid

Total TDS Paid

₹

As per Form 26AS / AIS

Live Summary

Salary Income₹0

Other Income₹0

Gross Total Income₹0

Total Deductions (80C+)₹0

TDS Paid₹0