Ahead of Budget 2026, the New Tax Regime is the default, offering zero tax for income up to INR 12 lakh via an INR 60,000 rebate. Salaried users get an extra INR 75,000 standard deduction, pushing the tax-free limit to INR 12.75 lakh. The Old Regime remains for those with high deductions like HRA and 80C. Scroll below to know which regime to choose ahead of Union Budget 2026-27.