Income Tax Planning Guide India FY 2025-26

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Income Tax Planning — FY 2025-26

New Regime (Default from FY24-25)

Up to ₹3L → 0% | ₹3–7L → 5%
₹7–10L → 10% | ₹10–12L → 15%
₹12–15L → 20% | Above ₹15L → 30%

✅ Zero tax up to ₹12L income (Section 87A rebate)

Old Regime (Opt-in, allows deductions)

Up to ₹2.5L → 0% | ₹2.5–5L → 5%
₹5–10L → 20% | Above ₹10L → 30%

Allows 80C (₹1.5L), HRA, home loan, 80D deductions

80C — ₹1.5L

PPF, ELSS, EPF, Life insurance, NSC, 5yr FD, tuition, home loan principal

80D — ₹25K–₹1L

Health insurance: ₹25K self, +₹25K parents, +₹25K senior citizen parents

HRA Exemption

min(HRA, 50%/40% basic, rent−10% basic). Metro cities = 50% basic

80CCD(1B) — ₹50K

Extra NPS deduction over 80C. Combined max: ₹2L (80C + NPS)

Section 24b — ₹2L

Home loan interest deduction on self-occupied property

Standard — ₹75K

Both regimes. ₹75K flat deduction for salaried from FY 2024-25

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