New Tax Regime: How Much Tax on ₹12-20 Lakh Salary from April 1, 2026?

• The new Income Tax Act, 2025, focusing on the New Tax Regime, comes into effect on April 1, 2026.
• Understand tax liabilities for annual in-hand salaries between ₹12 lakh and ₹20 lakh under the new slabs.
• Taxable income up to ₹12 lakh receives a full rebate, resulting in zero tax.
• Tax rates range from 5% for ₹4-8 lakh to 20% for ₹16-20 lakh income brackets.
• NPS exemption under Section 80CCD(2) for employer contributions remains, but 80CCD(1B) for individual deposits is not available.