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New vs Old Tax Regime (FY 2025-26): ₹12 Lakh Tax-Free — Which Should You Pick?

Updated 2026-08-03 · By KyaTax · 8 min read · expert-explainer
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For FY 2025-26 (continuing under the 2025 Act), the new regime is the default. Its headline benefit: with the enhanced Section 87A rebate, a resident individual with taxable income up to ₹12 lakh pays effectively zero tax — salaried people up to ₹12.75 lakh after the ₹75,000 standard deduction.

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tax-free (new regime)
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standard deduction (salaried)
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max 87A rebate

How ₹12 lakh becomes zero tax

Tax is computed on the slabs, then the Section 87A rebate (up to ₹60,000) removes it for eligible residents up to ₹12 lakh. Above ₹12 lakh, normal slab tax applies (marginal relief may apply just over the line).

When the old regime can still win

🧮 Worked example

Two people, both ₹14 lakh gross salary:

New regimeOld regime
Deductions used₹75,000 std only₹75k + ₹1.5L 80C + ₹2L home loan + ₹25k 80D
Taxable income₹13.25 L₹9.5 L
Approx taxlower for most low-deduction casescan be lower only if deductions are large

Lesson: with heavy genuine deductions the old regime can win — otherwise the default new regime is simpler and usually better. Always compute both.

👩‍💼 Expert view

Don't choose a regime from a WhatsApp forward. Run YOUR numbers both ways every year — a home loan or a new 80C investment can flip the answer. If the two are within a few thousand rupees, pick the simpler new regime for fewer document hassles.

⚠️ Please read: This article is general information based on laws and notifications current as of August 2026. It is not legal, tax, accounting or professional advice or opinion and must not be relied upon for any decision. Rules change frequently and their application depends on your specific facts. Verify the latest position and connect with a KyaTax expert or your advisor before acting.
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Not sure how this applies to you?

Rules change and the answer depends on your exact numbers. Get a qualified professional to review choosing between the new and old tax regime for your case — before you act.

Talk to a KyaTax expert →

Frequently asked questions

Is ₹12 lakh income really tax-free?

For eligible resident individuals under the new regime, the 87A rebate makes tax nil up to ₹12 lakh taxable (₹12.75L salaried after standard deduction). Verify eligibility for your case.

Can I switch regimes every year?

Salaried without business income can generally choose each year; business income faces restrictions. Confirm your position.

Which is better for me?

It depends on your deductions. Compute both; if close, ask an expert.

Related: Income Tax Calculator · More guides · Our expert panel