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Pre-computed income tax for a ₹7 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 ₹7 Lakh gross salary across both Assessment Years and both regimes. Old Regime assumes ₹2 lakh of typical Section 80C/80D deductions.
| Gross Salary | ₹7,00,000 |
| (−) Standard Deduction | − ₹75,000 |
| Taxable Income | ₹6,25,000 |
| Slab Tax | ₹11,250 |
| (−) Rebate u/s 87A | − ₹11,250 |
| (+) Health & Education Cess @ 4% | + ₹0 |
| Total Tax Payable | ₹0 |
| Annual In-Hand Salary | ₹7,00,000 |
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For a ₹7 Lakh gross annual salary, the New Regime AY 2026-27 calculation begins with a ₹75,000 standard deduction, leaving ₹6,25,000 as taxable income. The slab tax on this is ₹11,250.
Section 87A rebate of ₹11,250 applies, reducing the tax to ₹0. Health & Education Cess at 4% adds ₹0, giving final tax of ₹0.
In-hand salary works out to ₹7,00,000 per year or ₹58,333 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: ₹0.
Old Regime wins by ₹0 for ₹7 Lakh salary at this deduction level. If you have HRA, 80C investments, and home-loan interest, the Old Regime continues to be advantageous at this income.
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 ₹7 Lakh = ₹0. New Regime AY 2026-27 tax = ₹0.
Your tax is the same or higher under AY 2026-27 because your income exceeds the ₹12 lakh rebate threshold. Higher earners benefit less from Budget 2025 changes than middle-income earners.
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.