What Is New Tax Regime?

The default income tax system with lower slab rates and few deductions.

Tax

Since FY 2023-24 the new regime applies unless you choose the old one. From FY 2025-26 there is no tax up to ₹12 lakh of taxable income because of the rebate, and salaried people also get a ₹75,000 standard deduction.

The old regime still allows deductions such as 80C, HRA and home loan interest. Which is cheaper depends on how much you can claim.

Income tax calculator

Tax

Guides in Plain Words

Short reads that explain how it works before you decide.

All Tax guides

Tax15 Oct 2026 · 6 min readOld vs New Tax Regime for FY 2026-27: Three Salaries, Worked OutThe new tax regime is now the default, and for most salaried people it is also cheaper. Here is the arithmetic for salaries of Rs 12 lakh, Rs 20 lakh and Rs 30 lakh, and the one question that tells you when the old regime still wins.Read the guide →

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