HomeCGEIncome Tax 2025-26: Benefit for different category of taxpayers - Illustration

Income Tax 2025-26: Benefit for different category of taxpayers – Illustration

Income Tax 2025-26: Benefit for different category of taxpayers – Illustration

New regime provides for concessional tax rates and liberal slabs. However, no
deductions are allowed in the new regime (other than those specified for e.g. 80JJAA, 80M,
standard deduction).

Total IncomeTax as per existing rates[as per Finance (No.2)
Act,
2024]
Tax as per proposed ratesBenefit of Rate/SlabRebate Benefit [with reference to (3)]Total Benefit[computed when compared to current slab rates]Tax Payable under new regime
(1)(2)(3)(4)=(3)-(2)(5)(6)=(4)+(5)(7)
8 lac30,00020,00010,00020,00030,0000
9 lac40,00030,00010,00030,00040,0000
10 lac50,00040,00010,00040,00050,0000
11 lac65,00050,00015,00050,00065,0000
12 lac80,00060,00020,00060,00080,0000
13 lac1,00,00075,00025,000025,00075,000
14 lac1,20,00090,00030,000030,00090,000
15 lac1,40,0001,05,00035,000035,0001,05,000
16 lac1,70,0001,20,00050,000050,0001,20,000
17 lac2,00,0001,40,00060,000060,0001,40,000
18 lac2,30,0001,60,00070,000070,0001,60,000
19 lac2,60,0001,80,00080,000080,0001,80,000
20 lac2,90,0002,00,00090,000090,0002,00,000
21 lac3,20,0002,25,00095,000095,0002,25,000
22 lac3,50,0002,50,0001,00,00001,00,0002,50,000
23 lac3,80,0002,75,0001,05,00001,05,0002,75,000
24 lac4,10,0003,00,0001,10,00001,10,0003,00,000
25 lac4,40,0003,30,0001,10,00001,10,0003,30,000
50 lac11,90,00010,80,0001,10,00001,10,00010,80,000
  • For income above 12 lac, in the case of resident individuals, marginal relief shall be
    allowable .

Also Read: Highlights of Union Budget 2025-26

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