Income Tax Calculator for ₹20 L Salary — FY 2025-26
On ₹20 L annual income: New Regime tax is ₹1.92 L, Old Regime tax is ₹3.51 L. New Regime saves you ₹1.59 L.
Total Tax (New Regime)
₹0
Taxable Income
₹9.25 L
Effective Rate
0%
Deductions
₹75,000
Breakdown
Income Tax: ₹0
Cess (4%): ₹0
Slab Breakdown
| Slab | Rate | Taxable | Tax |
|---|---|---|---|
| ₹0 – ₹4 L | 0% | ₹4.00 L | ₹0 |
| ₹4 L – ₹8 L | 5% | ₹4.00 L | ₹20,000 |
| ₹8 L – ₹12 L | 10% | ₹1.25 L | ₹12,500 |
Old vs New Regime
| Metric | New Regime | Old Regime |
|---|---|---|
| Taxable Income | ₹9.25 L | ₹7.50 L |
| Income Tax | ₹0 | ₹62,500 |
| Cess | ₹0 | ₹2,500 |
| Total Tax | ₹0 ✓ | ₹65,000 |
💡 Save ₹65,000 with New Regime.
💡 Income Tax Breakdown on ₹20 L
For an annual income of ₹20 L, the New Tax Regime (FY 2025-26) results in a total tax of ₹1.92 L (effective rate: 9.6%). The Old Regime with standard deductions (80C ₹1.5L + 80D ₹25K) gives ₹3.51 L (effective rate: 17.5%).
The New Regime saves you ₹1.59 L on this income. At ₹20 L income, the effective tax rate is just 9.6% — meaning you keep over 90% of your earnings after tax.
₹20 L income → New Regime: ₹1.92 L | Old Regime: ₹3.51 L | Save ₹1.59 L with New Regime.