I'm fed up with this slogan "In 2014 only 2.5L was tax free and now no tax on 12L"
Let's break it with some calculation.
Case A: Suppose you were earning 14L in 2014, Let's calculate how much tax you were paying after common exemption and deductions.
Salary - 14L
80C - 1.5L
Medical and transport - 25K
Home loan interest or HRA - 2L
80D - 35K
Total tax paid - around 1.3L
Case B: Now just adjust old tax regime slabs, exemption, deductions to inflation and salary also adjusted to inflation in 2026. I'm taking only 6% average inflation, but you know actual inflation is higher, Rent, school, medical fees usually increase around 10%.
Inflation adjusted Salary - 28L
Inflation Adjusted 80C - 3L
Inflation Medical and transport - 1L
Inflation adjusted Home loan interest or HRA - 4L
Inflation adjusted 80D - 70K
Total taxable income around 20L and tax paid in inflation adjust old regime slab is ~ 2.5L
Case C: Someone earning 28L in 2026 and paying under new tax regime with no exemption and deductions available.
Total tax paid is ~4.1L
In summary, on same salary in 2026
Tax paid in Case B which is inflation adjusted old tax regime is ~ 2.5L
Tax paid in Case C which is new tax regime is ~4.1L
So basically you're paying 50% more tax in new tax regime than you would have paid if Govt had given us no so called relief but just adjusted old regime tax slabs to inflation.
This Govt is only good at marketing a bad product well and they're doing this marketing at our cost. Don't fall for it.