Income Tax Calculator
Compare Old vs New tax regime for FY 2025-26 (AY 2026-27) and find which saves you more
Taxable Income (recommended regime)₹0
Income Tax₹0
Health & Education Cess (4%)₹0
Total Tax Payable₹0
Take-home Income (approx)₹0
Old vs New Tax Regime — FY 2025-26
From FY 2025-26 (AY 2026-27), the New Tax Regime is the default. It offers lower slab rates but removes most deductions. The Old Regime keeps higher rates but lets you claim deductions like 80C, 80D, HRA and home loan interest. This calculator computes tax under both and tells you which is cheaper for your situation.
New Regime Slabs (FY 2025-26)
| Income Slab | Tax Rate |
|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Under the New Regime, a rebate under Section 87A makes tax zero for taxable income up to ₹12,00,000. With the ₹75,000 standard deduction, a salaried person earning up to ₹12.75 lakh pays no tax.
Old Regime Slabs (Below 60 years)
| Income Slab | Tax Rate |
|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Under the Old Regime, a rebate under Section 87A makes tax zero for taxable income up to ₹5,00,000. A 4% Health & Education Cess applies on the tax under both regimes.
Frequently Asked Questions
Which regime is better for me?
It depends on your deductions. If you claim large deductions (80C + 80D + HRA + home loan interest above roughly ₹4–4.5 lakh), the Old Regime is usually better. If you have few deductions, the New Regime with its lower rates and ₹12 lakh rebate is better. This calculator does the exact math for you.
Is income up to ₹12 lakh really tax-free?
Yes, under the New Regime for FY 2025-26, the Section 87A rebate makes tax zero for taxable income up to ₹12 lakh. For salaried individuals, adding the ₹75,000 standard deduction means income up to ₹12.75 lakh is effectively tax-free.
Can I claim 80C under the New Regime?
No. The New Regime does not allow most deductions including 80C, 80D, and HRA. It only allows the standard deduction (₹75,000 for salaried) and employer NPS contribution under 80CCD(2).
What is the standard deduction?
Standard deduction is a flat reduction from salary income — ₹75,000 under the New Regime and ₹50,000 under the Old Regime for salaried employees and pensioners. This calculator applies it automatically if you select "Salaried".
Is this calculator accurate for filing my return?
This calculator gives a close estimate for planning. Actual tax may vary based on surcharge (for income above ₹50 lakh), marginal relief, capital gains taxed at special rates, and other factors. Consult a tax professional or use the official Income Tax portal for filing.