The Economic Times

Income tax calculator 2026: How much tax youll pay on income of Rs 15 lakh, Rs 30 lakh or Rs 50 lakh under existing vs proposed income tax rules 2026

New draft income tax rules for 2026 are set to change how salaried employees are taxed. Calculations reveal significant potential tax savings under the revised old tax regime. Employees with CTCs of 15 lakh, 20 lakh, 30 lakh, and 50 lakh can see reduced tax outgo. The changes affect benefits like motor car perquisites and HRA.