📊 Income Tax Calculator FY 2025-26
Compare Old vs New Tax Regime liability, calculate cess, and find the best option to save tax.
📋 Tax Details
Enter your total annual income before deductions
*Applicable mostly for Old Regime (PPF, LIC, ELSS, 80D, HRA, etc.)
💡 Simulate additional 80C/80D investments. Only Old Regime benefits from extra deductions.
New Regime: Standard Deduction ₹75,000
Old Regime: Standard Deduction ₹50,000
Rebate 87A: Tax rebate up to ₹25,000 for income ≤ ₹7L (New) / ≤ ₹5L (Old)
New Regime Tax
₹ 0
Std. Deduction: ₹75k included
Effective Rate: 0%
Old Regime Tax
₹ 0
Std. Deduction: ₹50k included
Effective Rate: 0%
Tax Liability Comparison
₹ 0
Both Equal
New Regime Breakdown
Old Regime Breakdown
Tax Slabs (FY 2025-26)
📋 New Regime
- ₹0 - ₹3,00,000: 0%
- ₹3,00,001 - ₹7,00,000: 5%
- ₹7,00,001 - ₹10,00,000: 10%
- ₹10,00,001 - ₹12,00,000: 15%
- ₹12,00,001 - ₹15,00,000: 20%
- Above ₹15,00,000: 30%
📜 Old Regime
- ₹0 - ₹2,50,000: 0%
- ₹2,50,001 - ₹5,00,000: 5%
- ₹5,00,001 - ₹10,00,000: 20%
- Above ₹10,00,000: 30%
📚 Old vs New Tax Regime: Which is Better?
The Indian Income Tax system currently offers two regimes. The New Regime offers lower tax rates but disallows most exemptions and deductions (like HRA, 80C). The Old Regime has higher rates but allows you to claim deductions to lower your taxable income.
✅ Who Should Choose New Regime?
- Salaried employees with no major investments
- Those who don't claim HRA, LTA, or other deductions
- Individuals looking for simpler tax filing
- Income above ₹15 lakh may benefit from lower rates
✅ Who Should Choose Old Regime?
- Those with high 80C investments (PPF, ELSS, LIC)
- Home loan borrowers (Section 24(b))
- Those paying rent (HRA exemption)
- Individuals with high health insurance premiums (80D)
📊 Common Deductions (Old Regime)
- Section 80C: Up to ₹1.5 Lakh (PPF, EPF, LIC, ELSS, NSC, etc.)
- Section 80D: Medical Insurance Premium (up to ₹25,000 - ₹75,000)
- HRA: House Rent Allowance exemptions
- Section 24(b): Home Loan Interest deduction (up to ₹2 Lakh)
- Section 80E: Education Loan Interest
- Section 80G: Donations to Charitable Trusts
❓ Frequently Asked Questions
What is the What-If Analysis feature?
The What-If slider lets you simulate additional investments (₹0 to ₹2 Lakh) that you could make under Section 80C, 80D, etc. It instantly shows how extra deductions reduce your Old Regime tax liability, helping you decide if additional investments are worthwhile.
Can I switch between tax regimes every year?
Yes, salaried individuals can choose between Old and New Regime every financial year. However, if you have business income, the choice is more restrictive. You can switch annually based on which regime gives lower tax liability.
What is Section 87A rebate?
Section 87A provides tax rebate for individuals with income up to certain limits. For New Regime, if taxable income is up to ₹7 lakh, you get rebate up to ₹25,000. For Old Regime, if taxable income is up to ₹5 lakh, you get rebate up to ₹12,500.
What is Health and Education Cess?
Health and Education Cess is 4% of the income tax amount. It's applicable on both Old and New Regime tax calculations and is used to fund government welfare programs.
Can I claim HRA and 80C in New Regime?
No, New Regime does not allow most deductions and exemptions including HRA, LTA, 80C, 80D, etc. Only standard deduction of ₹75,000 is allowed. This is a key difference between the two regimes.
⚠️ Disclaimer: This calculator provides estimates based on current tax laws. Actual tax liability may vary based on individual circumstances. Consult a tax professional for accurate filing.