Income Tax on ₹10 Lakh Salary — New Regime (FY 2025-26)
On ₹10 lakh taxable income under the new regime: tax is ₹30,000, cess ₹1,200, total ₹31,200. With the standard deduction of ₹75,000, effective taxable income of ₹9.25 lakh falls well within rebate range — zero tax payable up to ₹12L income.
Standard deduction of ₹75,000 already available under new regime
Income Tax
₹1,05,000
Health & Education Cess (4%)
₹4,200
Total Tax Payable
₹1,09,200
Effective Tax Rate
7.28%
New Regime Tax Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| ₹0 – ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
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Common questions about Income Tax on ₹10 Lakh Salary — New Regime (FY 2025-26)
Is ₹10 lakh salary tax-free under new regime?
Effectively yes. With the ₹75,000 standard deduction, your taxable income becomes ₹9.25 lakh. Under the new regime, incomes up to ₹12 lakh qualify for full rebate under Section 87A — so zero tax payable.
Should I choose old or new regime for ₹10 lakh salary?
New regime is better for ₹10 lakh salary unless you have deductions exceeding ₹3-4 lakh (80C, HRA, NPS, medical insurance). Since new regime gives zero tax via 87A rebate up to ₹12L, most people save more with the new regime.