Income Tax Calculator
FY 2025-26 (AY 2026-27) · Old Regime vs New Regime · Computed by a real CA team
Your details
Total gross income before any deductions.
Affects the basic exemption under the Old Regime only.
Adds standard deduction: ₹75,000 (New) / ₹50,000 (Old).
80C, 80D, HRA, home-loan interest, NPS, etc. Leave 0 if unsure. (New Regime does not allow these.)
- Taxable income₹0
- Income tax₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
- Taxable income₹0
- Income tax₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
For estimate purposes only. Final liability may vary with capital gains, special-rate income and other factors. Confirm with a Chartered Accountant before filing.
View the FY 2025-26 tax slabs (both regimes)
New Regime — FY 2025-26
| 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% |
Rebate u/s 87A: income up to ₹12,00,000 pays zero tax (₹12.75L for salaried after standard deduction).
Old Regime — FY 2025-26 (Below 60)
| 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% |
Exemption: ₹3,00,000 (60–80 yrs) / ₹5,00,000 (80+ yrs). Rebate u/s 87A up to ₹5,00,000 income.
The New Tax Regime (FY 2025-26)
The New Regime is now the default. It offers lower slab rates but removes most deductions and exemptions. It suits salaried individuals and business owners who don't claim heavy deductions.
New Regime slab rates
| Taxable income | 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% |
Same slabs apply to all ages — no separate senior-citizen relief under the New Regime.
Zero tax up to ₹12 lakh — how it works
Under Section 87A, a rebate of up to ₹60,000 makes income up to ₹12,00,000 effectively tax-free. For a salaried person, the ₹75,000 standard deduction pushes that ceiling to ₹12.75 lakh.
| Gross salary | ₹12,75,000 |
| Less: standard deduction | ₹75,000 |
| Taxable salary | ₹12,00,000 |
| Tax on slabs | ₹60,000 |
| Less: 87A rebate | ₹60,000 |
| Net tax payable | Nil |
The rebate applies only to normal slab income. Special-rate income (capital gains, online gaming) is not eligible.
The Old Tax Regime (FY 2025-26)
The Old Regime keeps higher slab rates but lets you claim 70+ deductions and exemptions — 80C, 80D, HRA, home-loan interest and more. It wins when your deductions are large.
Below 60 years
| Income | 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% |
Senior (60–80 yrs)
| Income | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Super senior (80+ yrs)
| Income | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction: ₹50,000 (salaried/pensioner). Section 87A rebate: ₹12,500 — makes income up to ₹5,00,000 tax-free.
Old vs New Regime: what you can claim
The core trade-off: the New Regime gives lower rates but strips out deductions; the Old Regime keeps the deductions but taxes you at higher rates. Here's how the major benefits compare.
| Tax benefit | Old Regime | New Regime |
|---|---|---|
| Section 87A rebate | ₹12,500 (up to ₹5L) | ₹60,000 (up to ₹12L) |
| Standard deduction | ₹50,000 | ₹75,000 |
| Section 80C (PF, LIC, ELSS…) | Allowed | Not allowed |
| Section 80D (health insurance) | Allowed | Not allowed |
| HRA exemption | Allowed | Not allowed |
| Home loan interest (self-occupied) | Allowed | Not allowed |
| NPS — employer contribution 80CCD(2) | Allowed | Allowed |
| NPS — self contribution 80CCD(1B) | Allowed | Not allowed |
| Set-off of house property loss | Allowed | Not allowed |
Rule of thumb: if your total deductions exceed roughly ₹3.5–4 lakh, the Old Regime often wins. Below that, the New Regime is usually cheaper. Use the calculator above to confirm for your exact numbers.
How much tax will you pay?
Tax payable at different taxable-income levels (including 4% cess), assuming no Old-Regime deductions beyond the standard ones. This shows how much the New Regime can save when deductions are minimal.
| Taxable income | New Regime | Old Regime | You save |
|---|---|---|---|
| ₹8,00,000 | Nil | ₹75,400 | ₹75,400 |
| ₹10,00,000 | Nil | ₹1,17,000 | ₹1,17,000 |
| ₹12,00,000 | Nil | ₹1,79,400 | ₹1,79,400 |
| ₹13,00,000 | ₹78,000 | ₹2,10,600 | ₹1,32,600 |
| ₹15,00,000 | ₹1,09,200 | ₹2,73,000 | ₹1,63,800 |
| ₹20,00,000 | ₹2,08,000 | ₹4,29,000 | ₹2,21,000 |
| ₹25,00,000 | ₹3,43,200 | ₹5,85,000 | ₹2,41,800 |
| ₹30,00,000 | ₹4,99,200 | ₹7,41,000 | ₹2,41,800 |
Figures are indicative for taxpayers below 60 with no major Old-Regime deductions. If you claim large 80C / HRA / home-loan benefits, your Old-Regime tax will be lower — run your real numbers in the calculator above.
Worked example: a Bengaluru professional
Priya earns ₹18 lakh salary, has ₹10,000 savings-bank interest, pays ₹2 lakh home-loan interest (self-occupied), and claims ₹1.5 lakh under 80C and ₹25,000 under 80D. Here's her tax both ways for FY 2025-26.
| Particulars | Old Regime | New Regime |
|---|---|---|
| Salary income | ₹18,00,000 | ₹18,00,000 |
| Less: standard deduction | ₹50,000 | ₹75,000 |
| Add: savings interest | ₹10,000 | ₹10,000 |
| Less: home loan interest | ₹2,00,000 | Nil |
| Less: 80C | ₹1,50,000 | Nil |
| Less: 80D | ₹25,000 | Nil |
| Less: 80TTA (savings interest) | ₹10,000 | Nil |
| Taxable income | ₹13,75,000 | ₹17,35,000 |
| Tax payable (incl. 4% cess) | ₹2,34,000 | ₹1,52,880 |
Surcharge & health and education cess
If your taxable income crosses ₹50 lakh, a surcharge is added on top of your income tax (tax on tax). A 4% health & education cess then applies to the total. The New Regime caps surcharge at 25%.
| Taxable income | Old Regime | New Regime |
|---|---|---|
| ₹50 lakh – ₹1 crore | 10% | 10% |
| ₹1 crore – ₹2 crore | 15% | 15% |
| ₹2 crore – ₹5 crore | 25% | 25% |
| Above ₹5 crore | 37% | 25% (capped) |
Marginal relief applies just above each threshold, so a small rise in income never costs you more in tax than the extra income itself. The calculator above factors this in automatically. A 4% cess is added on income tax plus surcharge in both regimes.
How to use this calculator
Enter your annual income before any deductions.
Select your age group — it changes the Old-Regime exemption.
Tick salaried/pensioner to apply the standard deduction.
Add your Old-Regime deductions (80C, 80D, HRA, home loan).
See both regimes side by side and which one saves you more.
Which regime should you choose?
New Regime is usually better if…
You don't claim large deductions, you're early in your career, or you prefer simple filing with no investment lock-ins.
Old Regime is usually better if…
You claim heavy 80C, HRA, home-loan interest and 80D — typically when total deductions cross ~₹3.5–4 lakh.
Salaried taxpayers can switch regime every year. Business and professional income has restricted switching — talk to a CA before you decide.
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