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Income tax on ₹12.5 lakh salary (FY 2026-27)
New regime
₹0
₹0 a month · 0.0% of salary
Old regime, ₹1.5 lakh 80C
₹1,32,600
₹11,050 a month
On a gross salary of ₹12,50,000, the old regime is cheaper only if your deductions and exemptions are more than about ₹7,00,000.
New regime working
| Gross salary | ₹12,50,000 |
|---|---|
| Standard deduction | − ₹75,000 |
| Taxable income | ₹11,75,000 |
| Slab | Rate | Tax |
|---|---|---|
| ₹0–4 lakh | 0% | ₹0 |
| ₹4–8 lakh | 5% | ₹20,000 |
| ₹8–11.75 lakh | 10% | ₹37,500 |
| Tax on slabs | ₹57,500 |
|---|---|
| Rebate | − ₹57,500 |
| Cess (4%) | ₹0 |
| Total tax | ₹0 |
Old regime with different deductions
Deductions here mean 80C, 80D, HRA exemption, home loan interest and the like, on top of the ₹50,000 standard deduction.
| Deductions | Taxable income | Tax | vs new regime |
|---|---|---|---|
| ₹0 | ₹12,00,000 | ₹1,79,400 | costs ₹1,79,400 more |
| ₹1,50,000 | ₹10,50,000 | ₹1,32,600 | costs ₹1,32,600 more |
| ₹2,50,000 | ₹9,50,000 | ₹1,06,600 | costs ₹1,06,600 more |
| ₹3,75,000 | ₹8,25,000 | ₹80,600 | costs ₹80,600 more |
| ₹5,00,000 | ₹7,00,000 | ₹54,600 | costs ₹54,600 more |
Calculate with your own deductions
Frequently asked questions
How much tax do I pay on ₹12.5 lakh salary?
₹0 for the year under the new regime in FY 2026-27, including 4% cess. Under the old regime with ₹1.5 lakh of 80C deductions, it is ₹1,32,600.