Which tax regime saves you more tax in AY 2026-27? Up to a Rs 12.75 lakh salary (Rs 12 lakh income plus the Rs 75,000 standard deduction), the new regime gives nil tax through the 87A rebate, and the old regime can at best match it. Above that, the old regime wins only if your deductions and exemptions beat the breakeven for your salary (see the table below).
Which regime is better for me: old or new? The new regime suits most salaried taxpayers: a Rs 12 lakh nil-tax limit, the 30% slab only above Rs 24 lakh, and a Rs 75,000 standard deduction. The old regime usually wins only when metro HRA, home loan interest and full 80C come together.
The single most expensive ITR mistake a salaried Indian taxpayer makes is picking the wrong tax regime. The Department gives you two parallel sets of rules, and the savings (or losses) between them can run into a lakh or more for the same gross income. There is no universal answer; the right regime depends on how many deductions you actually claim.
This guide walks through the slab structures, the deduction comparison, the breakeven point, five worked numerical scenarios, and the switch process. By the end you should know which regime fits your profile.
The Headline Difference
| Item | New Regime (default) | Old Regime |
|---|---|---|
| Basic exemption | Rs 4,00,000 | Rs 2,50,000 |
| Section 87A rebate (effective zero tax) | Up to Rs 12,00,000 | Up to Rs 5,00,000 |
| Standard deduction (salaried) | Rs 75,000 | Rs 50,000 |
| Effective zero-tax salary | Rs 12,75,000 | Rs 5,50,000 |
| Section 80C, 80D, HRA, NPS, home loan interest | Mostly NOT allowed | Allowed |
| Highest slab | 30% above Rs 24 lakh | 30% above Rs 10 lakh |
| Maximum surcharge | 25% | 37% |
New Regime Slab Rates for FY 2025-26 (AY 2026-27)
The new regime under Section 115BAC applies by default. You do not opt in.
| Taxable Income | Tax Rate |
|---|---|
| Up to Rs 4,00,000 | Nil |
| Rs 4,00,001 to Rs 8,00,000 | 5% |
| Rs 8,00,001 to Rs 12,00,000 | 10% |
| Rs 12,00,001 to Rs 16,00,000 | 15% |
| Rs 16,00,001 to Rs 20,00,000 | 20% |
| Rs 20,00,001 to Rs 24,00,000 | 25% |
| Above Rs 24,00,000 | 30% |
Add 4% Health and Education Cess on the total tax. Surcharge applies above Rs 50 lakh.
Key features of the new regime:
- Standard deduction: Rs 75,000 for salaried and pensioners. Learn how to claim the Rs. 75,000 standard deduction correctly.
- Section 87A rebate: A resident individual with taxable income up to Rs 12,00,000 gets a rebate of up to Rs 60,000, making the entire tax liability nil. See our full Section 87A rebate eligibility and limit guide for the worked calculations.
- Marginal relief: If your taxable income is slightly above Rs 12,00,000, the tax payable cannot exceed the amount by which income exceeds Rs 12,00,000.
- Capital gains and the rebate: Capital gains count towards total income for the Rs 12 lakh test, but from FY 2025-26 the rebate cannot reduce tax on income taxed at special rates, such as short-term capital gains under Section 111A and long-term capital gains under Sections 112 and 112A.
- Family pension: Standard deduction of Rs 25,000 (or one-third of pension, whichever is lower) is allowed.
- Employer NPS contribution under Section 80CCD(2): Allowed up to 14% of salary (Basic + DA).
Old Regime Slab Rates for FY 2025-26 (Individuals Below 60)
| Taxable Income | Tax Rate |
|---|---|
| Up to Rs 2,50,000 | Nil |
| Rs 2,50,001 to Rs 5,00,000 | 5% |
| Rs 5,00,001 to Rs 10,00,000 | 20% |
| Above Rs 10,00,000 | 30% |
Add 4% cess. Surcharge ranges from 10% above Rs 50 lakh to 37% above Rs 5 crore.
Key features of the old regime:
- Standard deduction Rs 50,000 (salaried)
- Section 87A rebate Rs 12,500 if taxable income up to Rs 5,00,000
- All Chapter VI-A deductions available: 80C, 80CCC, 80CCD, 80D, 80E, 80G, 80TTA, 80TTB, etc.
- HRA exemption under Section 10(13A)
- LTA exemption under Section 10(5)
- Home loan interest under Section 24(b) up to Rs 2,00,000 for self-occupied property
- Children education allowance, transport allowance, hostel allowance under Section 10(14)
Deduction Comparison: What's Allowed Where
| Deduction | Old Regime | New Regime |
|---|---|---|
| Standard deduction (salaried) | Rs 50,000 | Rs 75,000 |
| Standard deduction (family pension) | Rs 15,000 | Rs 25,000 |
| Section 80C (PPF, ELSS, LIC, etc.) | Up to Rs 1,50,000 | Not allowed |
| Section 80CCD(1B) (NPS Tier I extra) | Up to Rs 50,000 | Not allowed |
| Section 80CCD(2) (employer NPS) | Up to 10% of salary (14% for government employers) | Up to 14% of salary |
| Section 80D (medical insurance) | Up to Rs 25,000 (Rs 50,000 if senior), plus parents | Not allowed |
| Section 80E (education loan interest) | Allowed | Not allowed |
| Section 80G (donations) | Allowed | Not allowed |
| Section 80TTA / 80TTB (savings interest) | Allowed | Not allowed |
| HRA exemption (Section 10(13A)) | Allowed | Not allowed |
| LTA exemption (Section 10(5)) | Allowed | Not allowed |
| Home loan interest, self-occupied (Section 24(b)) | Up to Rs 2,00,000 | Not allowed |
| Home loan interest, let-out property | Allowed | Allowed, only against rental income |
| House property loss set-off against other heads | Up to Rs 2,00,000 | Not allowed |
The main deductions and exemptions a new-regime filer keeps are: standard deduction, employer's NPS contribution under 80CCD(2), employer's PF and gratuity (which are exempt income, not deductions), home loan interest on let-out property (against rental income), Section 80CCH (Agnipath Scheme contributions), and a few transport allowances for specially-abled employees.
Breakeven Analysis: When Does the Old Regime Win?
There is no single breakeven figure: the deductions you need under the old regime rise with your income. The table below gives the total old-regime deductions and exemptions (80C, 80D, 80CCD(1B), HRA exemption, Section 24(b) home loan interest and so on, plus the Rs 50,000 standard deduction) at which old-regime tax equals new-regime tax for a salaried resident below 60, with 4% cess and no surcharge.
| Gross Salary | New Regime Tax | Old Regime Breakeven (incl. Rs 50,000 standard deduction) |
|---|---|---|
| Rs 12,00,000 | Nil | Old regime can only match nil, with Rs 7,00,000 or more (taxable income Rs 5 lakh or less) |
| Rs 12,75,000 | Nil | Old regime can only match nil, with Rs 7,75,000 or more |
| Rs 15,00,000 | Rs 97,500 | About Rs 5,93,750 |
| Rs 20,00,000 | Rs 1,92,400 | About Rs 7,58,333 |
| Rs 25,00,000 | Rs 3,19,800 | Rs 8,50,000 |
| Rs 30,00,000 | Rs 4,75,800 | Rs 8,50,000 |
From about Rs 25 lakh up to Rs 50 lakh the breakeven stays at Rs 8.5 lakh, because both regimes tax the top slice at 30% (above Rs 24 lakh new, above Rs 10 lakh old). Above Rs 50 lakh, surcharge changes the numbers.
If your deductions are below the breakeven for your income, the new regime wins because:
- The nil slab is wider (Rs 4 lakh vs Rs 2.5 lakh) and the 5%, 10%, 15%, 20% and 25% slabs run up to Rs 24 lakh, while the old regime charges 20% from Rs 5 lakh and 30% from Rs 10 lakh.
- The Section 87A rebate of up to Rs 60,000 makes taxable income up to Rs 12 lakh tax-free.
- The standard deduction is Rs 25,000 higher (Rs 75,000 vs Rs 50,000).
If your deductions are above the breakeven, the old regime wins because the deductions directly reduce taxable income before slabs apply.
To test your own salary and deductions against both regimes, enter them in the old vs new tax regime calculator, which applies the AY 2026-27 slabs, the Section 87A rebate and marginal relief.
Five Worked Scenarios with Actual Numbers
These calculations assume a resident individual below 60, with no surcharge. Tax is rounded to the nearest hundred.
Scenario 1: Salaried at Rs 12,00,000 Gross Salary
New regime:
- Gross: Rs 12,00,000
- Less standard deduction: Rs 75,000
- Taxable: Rs 11,25,000
- Tax before rebate: Rs 52,500 (calculated through slabs)
- Section 87A rebate: Rs 52,500 (income within Rs 12 lakh threshold)
- Tax after rebate: Rs 0
- Total tax: Rs 0
Old regime (assuming Rs 1.5L 80C + Rs 25K 80D = Rs 1.75L deductions):
- Gross: Rs 12,00,000
- Less standard deduction: Rs 50,000
- Less Chapter VI-A: Rs 1,75,000
- Taxable: Rs 9,75,000
- Tax: Rs 1,07,500
- Cess: Rs 4,300
- Total tax: Rs 1,11,800
Verdict at Rs 12L: New regime saves about Rs 1,11,800. At this salary the old regime cannot beat the new regime at all: even Rs 6.5 lakh of deductions on top of the standard deduction (taxable income Rs 5 lakh, fully covered by the old-regime 87A rebate) only matches nil tax.
Scenario 2: Salaried at Rs 15,00,000 Gross Salary
New regime:
- Gross: Rs 15,00,000
- Less standard deduction: Rs 75,000
- Taxable: Rs 14,25,000
- Tax: Rs 93,750
- Cess: Rs 3,750
- Total tax: Rs 97,500
Old regime (with Rs 1.5L 80C + Rs 25K 80D + Rs 50K NPS 80CCD(1B) + Rs 2L Section 24(b) home loan interest = Rs 4.25L deductions):
- Gross: Rs 15,00,000
- Less standard deduction: Rs 50,000
- Less deductions (Chapter VI-A plus Section 24(b)): Rs 4,25,000
- Taxable: Rs 10,25,000
- Tax: Rs 1,20,000
- Cess: Rs 4,800
- Total tax: Rs 1,24,800
Verdict at Rs 15L: New regime still wins by Rs 27,300 even with Rs 4.25L of deductions. The old regime needs more than about Rs 5.44 lakh of deductions on top of the Rs 50,000 standard deduction to win.
Scenario 3: Salaried at Rs 20,00,000 Gross Salary
New regime:
- Gross: Rs 20,00,000
- Less standard deduction: Rs 75,000
- Taxable: Rs 19,25,000
- Tax: Rs 1,85,000
- Cess: Rs 7,400
- Total tax: Rs 1,92,400
Old regime (Rs 4.5L total deductions: Rs 1.5L 80C + Rs 25K 80D + Rs 50K 80CCD(1B) + Rs 2.25L HRA exemption):
- Gross: Rs 20,00,000
- Less standard deduction: Rs 50,000
- Less deductions: Rs 4,50,000
- Taxable: Rs 15,00,000
- Tax: Rs 2,62,500
- Cess: Rs 10,500
- Total tax: Rs 2,73,000
Verdict at Rs 20 L: New regime wins by Rs 80,600 despite generous deductions. Old regime breakeven needs about Rs 7.08 lakh of deductions on top of the standard deduction, which is realistic only with high HRA in metro cities plus a Section 24(b) home loan plus full 80C.
Scenario 4: Salaried at Rs 30,00,000 Gross Salary
New regime:
- Gross: Rs 30,00,000
- Less standard deduction: Rs 75,000
- Taxable: Rs 29,25,000
- Tax: Rs 4,57,500
- Cess: Rs 18,300
- Total tax: Rs 4,75,800
Old regime (with Rs 5L total deductions: full 80C + 80D + 80CCD(1B) + HRA + Section 24(b)):
- Gross: Rs 30,00,000
- Less standard deduction: Rs 50,000
- Less deductions: Rs 5,00,000
- Taxable: Rs 24,50,000
- Tax: Rs 5,47,500
- Cess: Rs 21,900
- Total tax: Rs 5,69,400
Verdict at Rs 30L: New regime wins by Rs 93,600. Old regime breakeven would need Rs 8 lakh of deductions on top of the standard deduction, which is rare unless you have HRA above Rs 3.5 lakh (only realistic for high-paying metro roles with full rent receipts) plus a maxed-out home loan interest plus all Chapter VI-A buckets.
Scenario 5: Self-Employed Professional at Rs 25,00,000 Net Income
Self-employed and business-income filers do not get the standard deduction in either regime.
New regime:
- Net income: Rs 25,00,000
- Tax: Rs 3,30,000
- Cess: Rs 13,200
- Total tax: Rs 3,43,200
Old regime (with Rs 1.5L 80C + Rs 25K 80D + Rs 50K NPS 80CCD(1B) + Rs 2L home loan interest = Rs 4.25L):
- Net income: Rs 25,00,000
- Less deductions: Rs 4,25,000
- Taxable: Rs 20,75,000
- Tax: Rs 4,35,000
- Cess: Rs 17,400
- Total tax: Rs 4,52,400
Verdict at Rs 25L self-employed: New regime wins by Rs 1,09,200. With no standard deduction in either regime, the old regime needs more than Rs 7.75 lakh of deductions to win at this income.
Summary Comparison Table
| Scenario | Gross Income | Deductions Assumed | New Regime Tax | Old Regime Tax | Better |
|---|---|---|---|---|---|
| Salaried | Rs 12L | Rs 1.75L | Rs 0 | Rs 1,11,800 | New |
| Salaried | Rs 15L | Rs 4.25L | Rs 97,500 | Rs 1,24,800 | New |
| Salaried | Rs 20L | Rs 4.5L | Rs 1,92,400 | Rs 2,73,000 | New |
| Salaried | Rs 30L | Rs 5.0L | Rs 4,75,800 | Rs 5,69,400 | New |
| Self-employed | Rs 25L | Rs 4.25L | Rs 3,43,200 | Rs 4,52,400 | New |
In every typical-deduction case across this income range, the new regime wins. The old regime starts to compete only with uncharacteristically high deductions: about Rs 5.5 lakh and up on top of the standard deduction, usually involving a Rs 2 lakh home loan interest claim, Rs 3 lakh plus HRA in a metro city with proper rent receipts, and full Chapter VI-A utilisation.
Who Should Stay With the Old Regime
The old regime is still better for some specific profiles:
- Metro-city salaried with high HRA and a home loan. If you live in Mumbai or Delhi, pay Rs 30,000 plus monthly rent, and also claim Section 24(b) interest on a self-occupied home loan (up to Rs 2 lakh), your deductions can cross the breakeven for your income.
- Senior citizens with high medical insurance premiums and deposit interest, combined with other deductions. Section 80D allows up to Rs 50,000 for a senior citizen's own policy; Section 80TTB allows a deduction of up to Rs 50,000 on interest from bank, co-operative bank and post office deposits. Both are old-regime-only, but on their own they rarely cross the breakeven.
- People with large education loan interest under Section 80E. No upper limit on Section 80E, claimable for the year repayment starts and the next 7 years. Covers higher-education loans for yourself, your spouse, your children, or a student for whom you are the legal guardian.
- Those with large donations under Section 80G. New regime disallows Section 80G entirely.
If your profile fits one of the above and your total deductions approach the breakeven for your income, run the comparison both ways before filing.
How to Switch Regimes
Salaried Filers: Switch Each Year at ITR Time
If you have only salary income (and no business or professional income), you can switch between regimes every year at ITR filing. There is no separate form to file. The choice is made within the ITR itself, by answering the Section 115BAC(6) opt-out question in the general information part of ITR-1 or ITR-2. To use the old regime, that ITR must be filed on or before the due date under Section 139(1) (31 July 2026 for AY 2026-27); a belated return is taxed under the new regime.
Tip: even if your employer deducts TDS under one regime through the year, you can pick the other at filing time and pay or claim the difference.
Business Income Filers: Form 10-IEA Required
If you have business or professional income (filing ITR 3 or ITR 4), the rules are stricter. The new regime is the default. To opt out and use the old regime:
- File Form 10-IEA electronically on the income tax portal on or before the due date under Section 139(1) (for AY 2026-27: 31 August 2026 for non-audit business cases, 21 November 2026 for audit cases, extended by CBDT Circular 07/2026 dated 28 September 2026 from 31 October).
- The opt-out applies to that AY and continues for future years until you withdraw it.
- Switching back to the new regime is allowed only once in your lifetime as a business income filer, also through Form 10-IEA. After that, you can never opt for the old regime again, unless you cease to have business or professional income.
Plan carefully. Opting out is not permanent, but the one return to the new regime is: once you use it, the old regime is closed to you for as long as you have business income.
For more on the form selection, see our ITR 3 AY 2026-27 guide and the ITR Filing Guide for AY 2026-27.
Income Tax Act 2025: What Carries Forward
For Tax Year 2026-27 (income earned from April 1, 2026), the Income Tax Act 2025 takes over from the 1961 Act. The regime structure carries forward with minor naming changes:
- The new regime continues as the default under Section 202 (the 115BAC equivalent), with the same slabs, and the rebate (Section 87A, now Section 156) keeps taxable income up to Rs 12 lakh tax-free.
- The old regime continues as an opt-in with broadly similar deductions, renumbered: for example Section 123 read with Schedule XV replaces 80C, and Section 126 replaces 80D.
- The opt-out moves to Section 202(4). Rule 136 of the Income-tax Rules 2026 requires the option to be exercised in the return of income itself, so check the current procedure before relying on Form 10-IEA for Tax Year 2026-27. Form 10-IEA still applies for AY 2026-27 under the 1961 Act.
The decision logic does not change. You still compare new-regime tax against old-regime tax with deductions, and pick whichever is lower. The slabs and rebate are unchanged, so the breakeven figures above still apply if your income and deductions are the same.
For more on the new Act, see our Income Tax Act 2025 explainer.
A Quick Decision Path
- Is your salary up to Rs 12,75,000 with limited deductions? Choose the new regime. Zero tax under new beats anything under old.
- Is your salary above Rs 12.75L with deductions below the breakeven (about Rs 5.94 lakh at Rs 15L, Rs 7.58 lakh at Rs 20L, Rs 8.5 lakh at Rs 25L to Rs 50L, all including the standard deduction)? Choose the new regime. The 30% bracket starts at Rs 24L (vs Rs 10L under old) and saves significantly.
- Is your salary above Rs 12.75L with deductions near or above the breakeven, usually HRA in a metro plus Section 24(b) home loan plus full 80C? Run both calculations. Old regime might win.
- Are you self-employed or a business income filer? Default to the new regime unless deductions exceed the breakeven (about Rs 7.75 lakh at Rs 25L business income, with no standard deduction). You can return to the new regime only once, so opt out only if the old regime saves materially.
- Are you a senior citizen with high medical premiums and deposit interest? Run both calculations. Section 80D (Rs 50,000) and Section 80TTB (Rs 50,000) help only in the old regime, but usually need other deductions as well to beat the new regime.
Tax Garden Runs the Calculation Both Ways
The right regime is the one that costs you less tax this year, not the one your employer or your friend recommends. Once you have picked your regime, Tax Garden's tax compliance services handle the ITR filing and report it correctly in your return.
For pre-filing reconciliation, see our AIS, Form 26AS, and TIS guide. For deduction-side planning, see our Section 80C deductions list.
Frequently Asked Questions
Which tax regime saves more tax in AY 2026-27?
For most salaried taxpayers the new regime saves more. With the Rs 75,000 standard deduction and the Section 87A rebate, salary up to Rs 12.75 lakh is tax-free, and the 30% slab starts only at Rs 24 lakh. The old regime wins only when your total deductions and exemptions are unusually large for your income level, typically a metro HRA combined with home loan interest, full 80C, 80D and NPS.
What is the breakeven point for choosing the old regime?
It rises with income. Counting the Rs 50,000 standard deduction, total old-regime deductions and exemptions must exceed about Rs 5.94 lakh at a Rs 15 lakh salary, about Rs 7.58 lakh at Rs 20 lakh, and about Rs 8.5 lakh at Rs 25 lakh and above. Below salary of Rs 12.75 lakh, the old regime cannot beat the new regime's nil tax.
Can I switch between old and new tax regimes?
If you have no business or professional income, yes: you choose the regime afresh every year while filing the ITR, whatever your employer used for TDS. If you have business or professional income, the new regime is the default and opting out needs Form 10-IEA filed by the return due date. Such a taxpayer can return to the new regime later, but can switch back only once in a lifetime.
How does the Rs 12 lakh Section 87A rebate work?
Under the new regime, a resident individual with taxable income up to Rs 12 lakh gets a rebate of up to Rs 60,000, which wipes out the slab tax. A salaried person earning Rs 12.75 lakh has taxable income of Rs 12 lakh after the standard deduction, slab tax of Rs 60,000 and nil tax after rebate. Just above Rs 12 lakh, marginal relief applies, and the rebate cannot be set against special-rate capital gains.
When should I stay in the old tax regime?
Stay in the old regime if your deductions exceed the breakeven for your income, which usually needs a metro HRA exemption plus home loan interest on a self-occupied house, full 80C, 80D and 80CCD(1B). It can also suit senior citizens with large 80D and 80TTB claims, and people with big 80E education loan interest or 80G donations. A house property loss above rental income can be set off against salary only in the old regime.
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Frequently Asked Questions: Tax Services in Kondapur & Hyderabad
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Tax Garden is a compliance partner for startups in Kondapur and Hyderabad's HITEC City corridor. We handle company incorporation, GST registration, TDS filings, payroll, ROC annual filings, director KYC, and annual ITR filing, all under one flat-fee plan.
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Tax Garden works on flat-fee monthly plans with a dedicated account manager, monthly compliance updates, and WhatsApp communication. Every entry flagged by our AI-assisted workflow is reviewed by our compliance team before filing, and Kavach covers up to ₹50,000 in service charges for clerical or data errors made by our team.
Sources
This guide is verified against incometax.gov.in/iec/foportal/ (Tax Rates as amended by Finance Act 2025, AY 2026-27 guide for salaried individuals), the PIB Press Release dated February 1, 2025 announcing the revised slabs, the Section 87A rebate amendment to Rs 60,000, and the marginal relief provisions. Confirmatory coverage from ClearTax, Bajaj Finserv, BankBazaar, Tax2Win, and TaxBuddy. Worked examples were computed against the slab structure and rebate logic published by the Income Tax Department. Always verify final tax figures using the Income Tax Department's official calculator before filing.
