No old-regime deductions
New regimeNew-regime tax is ₹1,92,400.
Tax exampleVerified for FY 2026-27
Old vs New Regime for 20 Lakh Salary
Compare old and new income-tax regimes for 20 lakh salary in FY 2026-27 with standard deduction, 80C, 80D and NPS assumptions.
Recommended regimeNew regime
Customise deductions and income Estimated tax is ₹1,92,400 under the recommended regime, saving ₹1,50,800 versus the alternative.
Monthly breakdown
- Gross monthly income
- ₹1,66,667
- Recommended monthly tax
- ₹16,033
- New-regime tax
- ₹1,92,400
- Old-regime tax
- ₹3,43,200
Annual breakdown
- Gross salary
- ₹20,00,000
- Recommended tax
- ₹1,92,400
- Estimated take-home after tax
- ₹18,07,600
- Effective tax rate
- 9.6%
Alternative scenarios
Add 2 lakh home-loan interest
New regimeRecommended tax becomes ₹1,92,400.
Add 2.4 lakh HRA exemption
New regimeRecommended tax becomes ₹1,92,400.
Assumptions
- FY 2026-27 slabs, salaried taxpayer and standard deduction included.
- Old-regime base case includes 1.5 lakh 80C, 25k 80D and 50k NPS 80CCD(1B).
- Capital gains, surcharge special cases and employer NPS are excluded from this example.
Official sources
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