INCOME TAX ON ₹20 LAKH · SALARIED · NEW REGIME · FY 2025-26
NEW REGIME (DEFAULT)
₹1,92,400
EFFECTIVE RATE
9.62%
MONTHLY TAKE-HOME
₹1,50,633
OLD REGIME (NO EXTRA DEDUCTIONS)
₹4,13,400
EFFECTIVE RATE
20.67%
MONTHLY TAKE-HOME
₹1,32,217
✅ New Regime saves ₹2,21,000/year (₹18,417/month) vs Old Regime with no deductions
NEW REGIME — SLAB BREAKDOWN (₹20L SALARIED)
| Slab | Rate | Taxable Amt | Tax |
|---|---|---|---|
| Standard deduction | — | −75,000 | — |
| Up to Rs.4L | 0% | ₹4,00,000 | Nil |
| Rs.4L - Rs.8L | 5% | ₹4,00,000 | ₹20,000 |
| Rs.8L - Rs.12L | 10% | ₹4,00,000 | ₹40,000 |
| Rs.12L - Rs.16L | 15% | ₹4,00,000 | ₹60,000 |
| Rs.16L - Rs.20L | 20% | ₹3,25,000 | ₹65,000 |
| Rs.20L - Rs.24L | 25% | Nil | Nil |
| Above Rs.24L | 30% | Nil | Nil |
| TOTAL TAX (incl. 4% cess) | ₹1,92,400 | ||
KEY FACTS — ₹20L SALARY (NEW REGIME)
GROSS SALARY
₹20,00,000
STANDARD DEDUCTION
₹75,000
TAXABLE INCOME
₹19,25,000
TOTAL TAX
₹1,92,400
EFFECTIVE RATE
9.62%
MONTHLY TAKE-HOME
₹1,50,633
NEW vs OLD — ₹20L (NO EXTRA DEDUCTIONS)
| New Regime | Old Regime | |
|---|---|---|
| Std deduction | ₹75,000 | ₹50,000 |
| Taxable income | ₹19,25,000 | ₹19,50,000 |
| Total tax | ₹1,92,400 | ₹4,13,400 |
| Effective rate | 9.62% | 20.67% |
| Monthly take-home | ₹1,50,633 | ₹1,32,217 |
New Regime saves ₹2,21,000/year with no deductions.
→ Calculate with YOUR deductions — New vs Old ComparisonIncome tax on ₹20 lakh salary · New Regime FY 2025-26 · Salaried · Std deduction ₹75,000 · Total tax Rs.192,400 · Eff. rate 9.62% · Budget 2025