Old vs New Tax Regime Tax Slabs: Do you earn Rs 5 lakh, Rs 12 lakh, Rs 16 lakh, or Rs 25 lakh? See expert calculations to know tax you will save in proposed new tax regime
New Tax Slabs in Budget 2025: In her Budget 2025 speech, Finance Minister Nirmala Sitharaman announced a full tax relaxation for new regime taxpayers for income up to Rs 12 lakh. She revised the new regime tax slabs, and taxpayers in the old tax regime are left with paying higher taxes in most cases. But as a taxpayer, do you know in which regime you will pay the least tax? Read this detailed expert report to know that.
New Tax Slabs in Budget 2025: Do you earn Rs 7.50 lakh, Rs 20 lakh, Rs 50 lakh, Rs 1 crore, Rs 2 crore, or Rs 5 crore? Whatever amount you earn in a year, if you fall in the tax bracket, you need to pay taxes. It's up to you whether you file your tax under the old tax regime or the new tax regime. But as a taxpayer, you need to know where you will pay the least taxes. But after Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, announced a full tax relaxation for taxpayers with up to Rs 12 lakh annual income and revised slabs in the new tax regime, tax calculations have changed. If you fall in the income tax bracket and have income up to Rs 5 crore a year, know in which tax regime you will pay the least tax.
Photos: Unsplash/Pixabay/Pexels
Tax Calculation Courtesy: BankBazaar.com
What does study show?
The study shows the income tax a taxpayer will pay under the old tax regime, the new tax regime (2024) and the revised (2025) regime. The study also shows the amount a taxpayer will save after choosing the revised slabs.
Rs 5 lakh income bracket
Taxpayers don't have to pay any taxes in this salary bracket.
Rs 7.5 lakh income bracket
Old tax regime- Rs 65,000
New tax regime (2024)- Rs 26,000
New tax regime (2025)- 0
Savings over 2024 new tax regime- Rs 26,000
Rs 10 lakh income bracket
Old tax regime- Rs 1,17,000
New tax regime (2024)- Rs 52,000
New tax regime (2025)-
Savings over 2024 new tax regime- Rs 52,000
Rs 12 lakh income bracket
Old tax regime- Rs 1,79,400
New tax regime (2024)- Rs 83,200
New tax regime (2025)- 0
Savings over 2024 new tax regime- Rs 83,200
Rs 15 lakh income bracket
Old tax regime- Rs 2,73,000
New tax regime (2024)- Rs 1,45,600
New tax regime (2025)- Rs 1,09,200
Savings over 2024 new tax regime- Rs 36,400
Savings % over 2024 new tax regime- 25.0%
Rs 20 lakh income bracket
Old tax regime- Rs 4,29,000
New tax regime (2024)- Rs 3,01,600
New tax regime (2025)- Rs 2,08,000
Savings over 2024 new tax regime- Rs 93,600
Savings % over 2024 new tax regime- 31.0%
Rs 25 lakh income bracket
Old tax regime- Rs 5,85,000
New tax regime (2024)- Rs 4,57,600
New tax regime (2025)- Rs 3,43,200
Savings over 2024 new tax regime- Rs 1,14,400
Savings % over 2024 new tax regime- 25%
Rs 30 lakh income bracket
Old tax regime- Rs 7,41,000
New tax regime (2024)- Rs 6,13,600
New tax regime (2025)- Rs 4,99,200
Savings over 2024 new tax regime- Rs 1,14,400
Savings % over 2024 new tax regime- 18.6%
Rs 50 lakh income bracket
Old tax regime- Rs 13,65,000
New tax regime (2024)- Rs 12,37,600
New tax regime (2025)- Rs 11,23,200
Savings over 2024 new tax regime- Rs 1,14,400
Savings % over 2024 new tax regime- 9.2%
Rs 70 lakh income bracket
Old tax regime- Rs 34,45,000
New tax regime (2024)- Rs 33,28,000
New tax regime (2025)- Rs 32,03,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 3.8%
Rs 1 crore income bracket
Old tax regime-Rs 65,65,000
New tax regime (2024)- Rs 64,48,000
New tax regime (2025)- Rs 63,23,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 1.9%
Rs 2 crore income bracket
Old tax regime- Rs 1,33,25,000
New tax regime (2024)- Rs 1,32,08,000
New tax regime (2025)- Rs 1,30,83,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 0.9%
Rs 3 crore income bracket
Old tax regime- Rs 1,64,45,000
New tax regime (2024)- Rs 1,63,28,000
New tax regime (2025)- Rs 1,62,03,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 0.8%
Rs 4 crore income bracket
Old tax regime- Rs 2,68,45,000
New tax regime (2024)- Rs 2,67,28,000
New tax regime (2025)- Rs 2,66,03,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 0.5%
Rs 5 crore income bracket
Old tax regime- Rs 3,72,45,000
New tax regime (2024)- Rs 3,71,28,000
New tax regime (2025)- Rs 3,70,03,200
Savings over 2024 new tax regime- Rs 1,24,800
Savings % over 2024 new tax regime- 0.3%
Tax chart
| Tax At Different Income Levels + Savings | |||||
| Taxable Income | Old Regime | New Regime (2024) | New Regime (2025) | Savings Over 2024 New Regime | Savings % Over 2024 New Regime |
| ₹ 5,00,000 | ₹ 0 | ₹ 0 | ₹ 0 | ₹ 0 | - |
| ₹ 7,50,000 | ₹ 65,000 | ₹ 26,000 | ₹ 0 | ₹ 26,000 | ∞ |
| ₹ 10,00,000 | ₹ 1,17,000 | ₹ 52,000 | ₹ 0 | ₹ 52,000 | ∞ |
| ₹ 12,00,000 | ₹ 1,79,400 | ₹ 83,200 | ₹ 0 | ₹ 83,200 | ∞ |
| ₹ 15,00,000 | ₹ 2,73,000 | ₹ 1,45,600 | ₹ 1,09,200 | ₹ 36,400 | 25.0% |
| ₹ 20,00,000 | ₹ 4,29,000 | ₹ 3,01,600 | ₹ 2,08,000 | ₹ 93,600 | 31.0% |
| ₹ 25,00,000 | ₹ 5,85,000 | ₹ 4,57,600 | ₹ 3,43,200 | ₹ 1,14,400 | 25.0% |
| ₹ 30,00,000 | ₹ 7,41,000 | ₹ 6,13,600 | ₹ 4,99,200 | ₹ 1,14,400 | 18.6% |
| ₹ 45,00,000 | ₹ 12,09,000 | ₹ 10,81,600 | ₹ 9,67,200 | ₹ 1,14,400 | 10.6% |
| ₹ 50,00,000 | ₹ 13,65,000 | ₹ 12,37,600 | ₹ 11,23,200 | ₹ 1,14,400 | 9.2% |
| ₹ 60,00,000 | ₹ 24,05,000 | ₹ 22,88,000 | ₹ 21,63,200 | ₹ 1,24,800 | 5.5% |
| ₹ 70,00,000 | ₹ 34,45,000 | ₹ 33,28,000 | ₹ 32,03,200 | ₹ 1,24,800 | 3.8% |
| ₹ 80,00,000 | ₹ 44,85,000 | ₹ 43,68,000 | ₹ 42,43,200 | ₹ 1,24,800 | 2.9% |
| ₹ 90,00,000 | ₹ 55,25,000 | ₹ 54,08,000 | ₹ 52,83,200 | ₹ 1,24,800 | 2.3% |
| ₹ 1,00,00,000 | ₹ 65,65,000 | ₹ 64,48,000 | ₹ 63,23,200 | ₹ 1,24,800 | 1.9% |
| ₹ 2,00,00,000 | ₹ 1,33,25,000 | ₹ 1,32,08,000 | ₹ 1,30,83,200 | ₹ 1,24,800 | 0.9% |
| ₹ 3,00,00,000 | ₹ 1,64,45,000 | ₹ 1,63,28,000 | ₹ 1,62,03,200 | ₹ 1,24,800 | 0.8% |
| ₹ 4,00,00,000 | ₹ 2,68,45,000 | ₹ 2,67,28,000 | ₹ 2,66,03,200 | ₹ 1,24,800 | 0.5% |
| ₹ 5,00,00,000 | ₹ 3,72,45,000 | ₹ 3,71,28,000 | ₹ 3,70,03,200 | ₹ 1,24,800 | 0.3% |
| Taxable income after deductions considered for comparison. Compiled by BankBazaar.com. |