Income Tax Calculator: New Regime as per Budget FY 2025-26 Income Tax Slabs Income up to Rs 4 lakh: No tax Income between Rs 4-8 lakh: 5% tax Income between Rs 8-12 lakh: 10% tax Income between Rs 12-16 lakh: 15% tax Income between Rs 16-20 lakh: 20% tax Income between Rs 20-24 lakh: 25% tax Income above Rs 24 lakh: 30% tax Tax As per Income Table