Update: New Tax Regime is the Default. Income up to ₹3 Lakhs is exempt from tax under this regime.
Check Official Notification ↗Tax Slabs FY 2025-26
Compare New vs Old Regime Rates
Quick Check: Which slab am I in?
You fall under:
--
New Regime
Default
Income Range
Rate
Up to ₹3,00,000
Nil
₹3L to ₹7L
5%
₹7L to ₹10L
10%
₹10L to ₹12L
15%
₹12L to ₹15L
20%
Above ₹15,00,000
30%
✅ Standard Deduction: ₹75,000
✅ 87A Rebate: Zero tax up to ₹7L
Old Regime
Optional
Income Range
Rate
Up to ₹2,50,000
Nil
₹2.5L to ₹5L
5%
₹5L to ₹10L
20%
Above ₹10,00,000
30%
✅ Allows Deductions (80C, HRA,
etc)
✅ 87A Rebate: Zero tax up to ₹5L
Surcharge Rates
Income > ₹50 Lakhs
10%
Income > ₹1 Crore
15%
Income > ₹2 Crores
25%