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Pre-computed income tax for a ₹12 Lakh gross annual salary across AY 2025-26 (FY 2024-25) and AY 2026-27 (FY 2025-26) — both New Regime and Old Regime side-by-side. Updated for Budget 2025.
Pre-computed tax on ₹12 Lakh gross salary across both Assessment Years and both regimes. Old Regime assumes ₹2 lakh of typical Section 80C/80D deductions.
| Gross Salary | ₹12,00,000 |
| (−) Standard Deduction | − ₹75,000 |
| Taxable Income | ₹11,25,000 |
| Slab Tax | ₹52,500 |
| (−) Rebate u/s 87A | − ₹52,500 |
| (+) Health & Education Cess @ 4% | + ₹0 |
| Total Tax Payable | ₹0 |
| Annual In-Hand Salary | ₹12,00,000 |
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For a ₹12 Lakh gross annual salary, the New Regime AY 2026-27 calculation begins with a ₹75,000 standard deduction, leaving ₹11,25,000 as taxable income. The slab tax on this is ₹52,500.
Section 87A rebate of ₹52,500 applies, reducing the tax to ₹0. Health & Education Cess at 4% adds ₹0, giving final tax of ₹0.
In-hand salary works out to ₹12,00,000 per year or ₹1,00,000 per month. This is before employer deductions like EPF (typically 12% of basic), professional tax (₹200/month in some states), and any company-specific group-insurance premiums.
New Regime AY 2026-27 with no deductions claimed: ₹0. Old Regime with assumed ₹2 lakh of 80C/80D deductions: ₹1,06,600.
New Regime wins by ₹1,06,600 for ₹12 Lakh salary at typical deduction levels. The Old Regime would only beat the New Regime if you claimed approximately -₹1,50,000 or more in total deductions (HRA + 80C + 80D + home-loan interest combined).
For accurate regime selection, use the live calculator linked above. Enter your specific HRA exemption, 80C investments, 80CCD(1B) NPS, 80D medical insurance, and home-loan interest to see the precise comparison.
New Regime AY 2025-26 tax for ₹12 Lakh = ₹71,500. New Regime AY 2026-27 tax = ₹0.
Budget 2025 reduced your tax by ₹71,500 (100.0% reduction) through the new slab structure and the rebate threshold raised from ₹7 lakh to ₹12 lakh.
The Budget 2025 changes apply to income earned from 1 April 2025 onwards (FY 2025-26 / AY 2026-27). For AY 2025-26 (FY 2024-25 income), the older slab structure with the ₹7 lakh rebate continues to apply.