Income Tax (New Regime) New Tax Regime (default) FY 2025-26 brackets with 4% Health & Education Cess baked into each rate (rate × 1.04). Self-employed do NOT get the standard deduction. Section 87A rebate gives full tax relief if income ≤ ₹12,00,000 (not modeled). Surcharge of 10-25% applies above ₹50 lakh (not modeled for simplicity).
₹812 1.6%