Income Tax Calculator
Compare tax liability under the new and old tax regimes for FY 2025-26 (AY 2026-27).
Only applies to the old regime
New Regime
Taxable Income: ₹11,25,000
₹0
incl. ₹0 cess
Old Regime
Taxable Income: ₹10,00,000
₹1,17,000
incl. ₹4,500 cess
New Regime saves you
₹1,17,000
How to Use This Calculator
1. Enter your gross annual income (salary before deductions).
2. Enter your total eligible deductions (80C, 80D, HRA, home loan interest, etc.) - only used for the old regime.
3. Compare your tax liability under the new vs old regime and pick the lower one.
Formula & Explanation
Tax is computed by applying FY 2025-26 (AY 2026-27) slab rates progressively to taxable income, then adding 4% health & education cess.
New regime: ₹0-4L nil, 4-8L @5%, 8-12L @10%, 12-16L @15%, 16-20L @20%, 20-24L @25%, above 24L @30%. Standard deduction ₹75,000. Full rebate (tax = 0) if taxable income ≤ ₹12L.
Old regime: ₹0-2.5L nil, 2.5-5L @5%, 5-10L @20%, above 10L @30%. Standard deduction ₹50,000. Rebate up to ₹12,500 if taxable income ≤ ₹5L.
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Compare interest rates from leading Indian banks and NBFCs before you decide. (Affiliate partner offers coming soon.)
Frequently Asked Questions
It depends on how many deductions you claim. The new regime has lower slab rates but fewer exemptions, while the old regime allows deductions like 80C, 80D and HRA. This calculator compares both for your numbers.
Yes, from FY 2023-24 onwards the new tax regime is the default. You must explicitly opt for the old regime while filing your return if it benefits you more.
Salaried individuals get a standard deduction of ₹75,000 under the new regime and ₹50,000 under the old regime.
Section 87A gives a full tax rebate (reducing tax to zero) if your taxable income is within ₹12,00,000 under the new regime, or ₹5,00,000 under the old regime.
Enter your total eligible deductions and exemptions (including HRA) in the deductions field to get an accurate old regime comparison. The new regime does not allow most exemptions.
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