In this article, we are going to compare the Old Tax Regime Vs New Tax Regime based on 2025-26 Union Budget announcement.
The annual income earned up-to Rs.12 Lakhs will ultimately have Nil tax liability. Yes, this was annonuned by Honorable Finance Minister Smt. Niramala Sitaraman for FY 2025-26. The modified slab rates for new tax regime applicable for FY 2025-2026 is as follows:
Income Tax Calculator Download Link Below
| Income Range | Tax Rate |
|---|---|
| Up-to Rs. 4,00,000 | NIL |
| Rs. 4,00,001 - Rs. 8,00,000 | 5% |
| Rs. 8,00,001 - Rs. 12,00,000 | 10% |
| Rs. 12,00,001 - Rs. 16,00,000 | 15% |
| Rs. 16,00,001 - Rs. 20,00,000 | 20% |
| Rs. 20,00,001 - Rs. 24,00,000 | 25% |
| Above Rs. 24,00,000 | 30% |
Download Income tax calculator 2025-26. This calculator is based on Union Budget 2025-26 announcements. Download Income tax calculator and compare old and new tax regime.
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