The Indian government has retained the dual tax regime. Below you’ll find the latest slab rates (as per Union Budget 2026), key deductions, and a step‑by‑step filing roadmap. All figures are in ₹.
| Total Income (₹) | New Tax Regime (Default) | Old Tax Regime |
|---|---|---|
| Up to 3,00,000 | Nil | Nil |
| 3,00,001 – 6,00,000 | 5% | 5% |
| 6,00,001 – 9,00,000 | 10% (87A rebate up to 7L) | 20% |
| 9,00,001 – 12,00,000 | 15% | 30% |
| 12,00,001 – 15,00,000 | 20% | 30% |
| Above 15,00,000 | 30% | 30% |
* New regime offers lower rates but forgoes most deductions. Surcharge & cess extra.
₹75,000 under new regime (increased from ₹50,000). Old regime: ₹50,000 + leave travel, HRA, etc.
Full rebate for taxable income up to ₹7,00,000 under new regime (tax nil).
80C (1.5L), 80D (health), HRA, LTA, home loan interest – available only if you opt old regime.
If you choose the old tax regime, you can claim:
• 80C: up to ₹1.5 lakh (PPF, ELSS, life insurance, tuition fees)
• 80D: health insurance premium up to ₹25,000 (₹50,000 for senior citizens)
• HRA exemption (actual rent paid – 10% of salary)
• Home loan interest up to ₹2 lakh (section 24)
• Standard deduction ₹50,000
Only a few deductions are allowed: standard deduction ₹75,000, employer's NPS contribution (section 80CCD(2)), and concessional tax on perquisites. No 80C, 80D, or HRA. Best for those with minimal investments.
Every guide is fact‑checked and updated.
Latest rates, cut‑offs, and regulations.
Mobile‑friendly, study on the go.