Old vs New Tax Regime for Rs 12 Lakh Salary
Compare your income tax liability under the old and new regimes for a Rs 12,00,000 gross annual income.
On a gross annual income of ₹12,00,000, the new regime works out cheaper, saving you ₹1,11,800 compared to the old regime. New regime tax: ₹0, old regime tax: ₹1,11,800.
- Gross annual income
- ₹12,00,000
- Section 80C
- ₹1,50,000
- Section 80D
- ₹25,000
Better regime: new
Saves ₹1,11,800₹0
total tax payable
New regime tax
₹0
take-home: ₹12,00,000
Old regime tax
₹1.12 Lakh
₹1,11,800
take-home: ₹10,88,200
New regime take-home (monthly)
₹1 Lakh
₹1,00,000
Old regime take-home (monthly)
₹90,
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Computed for FY 2025-26 (AY 2026-27). New regime uses a Rs 75,000 standard deduction and full 87A rebate up to Rs 12 lakh taxable income; old regime uses a Rs 50,000 standard deduction plus your claimed 80C, 80D, 80CCD(1B), HRA, and home loan interest deductions, with rebate up to Rs 5 lakh taxable income. Health and education cess of 4% applies to both.