Income Tax Calculator
Compare Old vs. New (Default) Tax Regime (FY 2025-26)
₹
Your total salary before any deductions.
₹
Sum of 80C (1.5L), 80D, HRA, Home Loan Interest, etc.
Do not include Standard Deduction.
Do not include Standard Deduction.
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Enter income to compare regimes
Difference:
₹ 0
Tax Comparison (FY 2025-26)
| Particulars | Old Regime | New Regime (Default) |
|---|---|---|
| Gross Total Income | ₹ 0 | ₹ 0 |
| Less: Standard Deduction | - ₹ 0 | - ₹ 0 |
| Less: Other Deductions | - ₹ 0 | - ₹ 0 |
| Net Taxable Income | ₹ 0 | ₹ 0 |
| Income Tax (Pre-Rebate) | ₹ 0 | ₹ 0 |
| Less: Rebate (u/s 87A) | - ₹ 0 | - ₹ 0 |
| Tax After Rebate | ₹ 0 | ₹ 0 |
| Add: 4% Cess | + ₹ 0 | + ₹ 0 |
| Total Tax Payable | ₹ 0 | ₹ 0 |
New vs. Old Tax Regime (FY 2025-26)
For the Financial Year 2025-26 (Assessment Year 2026-27), the Indian Income Tax system has two regimes. The New Tax Regime is now the default option. You must specifically choose to opt-out if you want to use the Old Regime.
Key Changes for FY 2025-26
- Standard Deduction: Increased to ₹75,000 under the New Tax Regime (it remains ₹50,000 in the Old).
- Tax Rebate: Under the New Regime, if your taxable income is up to ₹12 Lakhs, your tax liability becomes ZERO (rebate up to ₹60,000) thanks to recent updates.
Income Tax Slabs (New Regime)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Frequently Asked Questions (FAQs)
Q. Which regime is better for me?
The New Regime is better for most people, especially if your total deductions (like 80C, HRA, etc.) are low. With the higher standard deduction and rebate limits, it offers lower tax rates.
The Old Regime is better *only* if you have very high deductions (e.g., you pay a large home loan interest *and* have full 80C *and* high HRA).
Q. What is included in "Total Deductions"?
This is for the Old Regime. Add all tax-saving investments and expenses:
- Section 80C: Max ₹1.5 Lakh (PPF, ELSS, LIC, Home Loan Principal).
- Section 80D: Medical Insurance premium.
- Section 24(b): Interest on self-occupied home loan (Max ₹2 Lakh).
- HRA Exemption: If you pay rent.