Compare your estimated income tax liabilities between the Old Tax Regime and the revised New Tax Regime (Section 115BAC) for Financial Year 2025-26 (Assessment Year 2026-27). Standard deductions, Section 87A rebates, and 4% cess are computed automatically.
The revised statutory tax slab structure under Section 115BAC is:
Under the New Regime for FY 2025-26, resident individuals with net taxable income up to ₹12,00,000 receive a full tax rebate under Section 87A (up to ₹60,000), resulting in zero net tax. Combined with the ₹75,000 salaried standard deduction, gross salary income up to ₹12,75,000 incurs zero tax liability.
Under Old Regime (₹50k Std Ded + ₹1.75L 80C/80D): Taxable = ₹11.75L → Total Tax = ₹1,71,600. Under New Regime (₹75k Std Ded): Taxable = ₹13.25L → Total Tax = ₹81,900. New Regime saves ₹89,700.
Official Reference: Income Tax Department e-Filing Portal & CBDT Official Tax Rate Charts (AY 2026-27).
Reviewed by: FilingBy Tax Desk (Chartered Accountants). Last updated: August 2026.