Ready reckoner

Income tax on salary in India

The question every salaried person asks: how much tax will I actually pay? Here’s a salary-wise table for FY 2025-26 and FY 2026-27 — followed by the answers for the most-searched salary figures.

These are baseline numbers. The new-regime column assumes only the ₹75,000 standard deduction. The old-regime column assumes only the ₹50,000 standard deduction (no other claims) — add your 80C, HRA and home-loan interest and the old-regime figure drops. For your exact number, use the calculator.

Salary-wise tax table (new vs old regime)

For a salaried individual below 60. New regime includes the ₹60,000 rebate; both include 4% cess.

Gross salaryNew regime taxOld regime tax
(standard deduction only)
₹5,00,000NilNil
₹7,00,000Nil₹44,200
₹7,50,000Nil₹54,600
₹10,00,000Nil₹1,06,600
₹12,00,000Nil₹1,63,800
₹12,75,000Nil₹1,87,200
₹15,00,000₹97,500₹2,57,400
₹18,00,000₹1,50,800₹3,51,000
₹20,00,000₹1,92,400₹4,13,400
₹24,00,000₹2,92,500₹5,38,200
₹25,00,000₹3,19,800₹5,69,400
₹30,00,000₹4,75,800₹7,25,400
₹40,00,000₹7,87,800₹10,37,400
₹50,00,000₹10,99,800₹13,49,400

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Income tax on ₹7 lakh salary

Under the new regime, a ₹7 lakh salary pays nil tax — comfortably inside the rebate. Under the old regime with only the standard deduction it would be about ₹44,200, though 80C and other claims can bring it down to zero too.

Income tax on ₹10 lakh salary

The new regime charges nil on a ₹10 lakh salary (the rebate covers income up to ₹12 lakh). The old regime would charge about ₹1,06,600 with only the standard deduction — so for most people at this level, the new regime is the clear winner.

Income tax on ₹12 lakh salary

This is the headline of Budget 2025: a ₹12 lakh income is tax-free under the new regime thanks to the enhanced ₹60,000 rebate. For salaried individuals the tax-free ceiling rises to about ₹12.75 lakh once the ₹75,000 standard deduction is applied.

Income tax on ₹15 lakh salary

A ₹15 lakh salary attracts about ₹97,500 under the new regime (after the standard deduction and 4% cess). To beat that under the old regime, you’d need total deductions of roughly ₹5.9 lakh — see the break-even analysis.

Income tax on ₹20 lakh salary

At ₹20 lakh, the new regime charges about ₹1,92,400. The old regime only wins here if your deductions exceed roughly ₹7.6 lakh — rare for most salaried taxpayers.

Income tax on ₹25 lakh salary

A ₹25 lakh salary attracts about ₹3,19,800 under the new regime. From here upward, the break-even deduction level plateaus around ₹8.5 lakh, so the new regime is almost always cheaper unless you have exceptional claims.

FAQs

Is ₹12 lakh salary tax-free? +
Yes, under the new regime — the ₹60,000 Section 87A rebate makes income up to ₹12 lakh tax-free, and the ₹75,000 standard deduction lifts the salary ceiling to about ₹12.75 lakh.
How much tax on ₹15 lakh? +
About ₹97,500 under the new regime, including the standard deduction and 4% cess, with no other deductions.
Do these numbers apply to FY 2026-27? +
Yes — the slabs are unchanged for FY 2026-27, so the table applies to both years.

Related: income tax slabs · old vs new regime · free tax calculator.