Anil Singhvi10 min ago
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
- Written by Shaghil Bilali
Published: 7:08 PM, Feb 1, 2025| Updated: 12:40 AM, Feb 2, 2025
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
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What does study show?
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1/17The 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.
2/17
Rs 5 lakh income bracket
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2/17Taxpayers don't have to pay any taxes in this salary bracket.
3/17
Rs 7.5 lakh income bracket
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3/17Old 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
4/17
Rs 10 lakh income bracket
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4/17Old 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
5/17
Rs 12 lakh income bracket
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5/17Old 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
6/17
Rs 15 lakh income bracket
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6/17Old 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%
7/17
Rs 20 lakh income bracket
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7/17Old 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%
8/17
Rs 25 lakh income bracket
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8/17Old 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%
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Rs 30 lakh income bracket
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9/17Old 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%
10/17
Rs 50 lakh income bracket
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10/17Old 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%
11/17
Rs 70 lakh income bracket
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11/17Old 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%
12/17
Rs 1 crore income bracket
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12/17Old 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%
13/17
Rs 2 crore income bracket
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13/17Old 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%
14/17
Rs 3 crore income bracket
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14/17Old 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%
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Rs 4 crore income bracket
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15/17Old 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%
16/17
Rs 5 crore income bracket
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16/17Old 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%
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Tax chart
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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.
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