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Tax regimes, slabs and rates

Old and new tax regimes explained, with slabs, rates, rebate and surcharge for each tax year, and how to choose the one that saves you more.

Guides on this topic

  • Standard deduction for salaried people and pensioners

    The standard deduction cuts your taxable salary or pension without any proof. It is ₹50,000 in the old regime and ₹75,000 in the new regime on the 2025-26 rules. Learn who gets it and how it interacts with other deductions.

    3 min readUpdated 26-Oct-2026

  • Rebate under section 87A: who gets zero tax

    The section 87A rebate can reduce your tax to nil. In the new regime it covers income up to ₹12 lakh, with marginal relief just above. In the old regime it covers income up to ₹5 lakh. Learn the limits and what it does not cover.

    3 min readUpdated 26-Oct-2026

  • Old vs new tax regime: which should you choose?

    The new regime has lower rates and a higher rebate but allows very few deductions. The old regime has higher rates but lets you claim deductions like 80C, 80D and home loan interest. Compare slabs, deductions and examples.

    4 min readUpdated 26-Oct-2026

  • Income tax slabs for the tax year 2026-27 (new regime)

    The new regime slabs run from nil up to ₹4 lakh to 30% above ₹24 lakh, with a rebate that makes income up to ₹12 lakh tax free. See the slab table, the rebate, the standard deduction, surcharge and cess, plus tax at common salaries.

    3 min readUpdated 26-Oct-2026

  • Can a salaried person change regime every year?

    A salaried person can generally compare the old and new regimes each year when filing. A belated return, a revised return after a belated one, and business income have extra conditions. Know the rules before you choose.

    3 min readUpdated 26-Oct-2026

  • How to switch between the old and new regime

    A salaried person chooses a regime in the return, so you can compare both each year. A belated return cannot use the old regime in TaxCare's rules. Here is how the choice works and how to compare before you decide.

    4 min readUpdated 26-Oct-2026

  • Income tax slabs under the old regime

    The old regime has four slabs: nil, 5%, 20% and 30%, with a higher exemption for senior citizens. Learn the slab table by age, the rebate, surcharge, cess, and worked examples that show how slab tax is calculated.

    3 min readUpdated 26-Oct-2026

  • Is the new tax regime better for you? Break-even

    The old regime only wins if your deductions are large. Break-even is the amount of deductions at which both regimes cost the same. See the break-even for salaries from ₹9 lakh to ₹25 lakh, computed with TaxCare's own tax engine.

    4 min readUpdated 26-Oct-2026

  • New tax regime: what deductions are still allowed

    The new regime lets you claim very few deductions. The main ones are the standard deduction for salary and pension, the employer's NPS contribution, the family pension deduction and a few others. Here is the list and what is no longer allowed.

    3 min readUpdated 26-Oct-2026

  • Old vs new regime: worked examples by salary

    Tax under both regimes for salaries from ₹8 lakh to ₹30 lakh, with and without typical old-regime deductions. Every figure comes from TaxCare's own tax engine. See where the new regime wins and how many deductions the old regime needs to catch up.

    3 min readUpdated 26-Oct-2026

  • Regime choice for business income: the one-time switch

    If you have business or professional income, you do not pick your tax regime in the return. You do it through Form 10-IEA, by the due date, and the choice stays for later years. Here is how it works and where the one-time limit comes in.

    4 min readUpdated 26-Oct-2026

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