🧾 Income Tax Calculator
Compare your tax liability under Old and New regime for FY 2025-26 (AY 2026-27).
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🇮🇳 India-specific — Uses Indian tax slabs and deductions (Old vs New Regime, FY 2025-26). Amounts are in ₹ INR only.
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Fill in the form to compare your tax under Old and New regime for FY 2025-26.
- 80C — ₹1.5L: PPF, ELSS, EPF, life insurance, tax-saver FD, home loan principal, tuition fees
- 80CCD(1B) — ₹50K: Extra NPS deduction over and above 80C — only NPS qualifies
- 80D — up to ₹75K: Health insurance premiums (₹25K self + ₹25K parents, ₹50K if senior)
- 24(b) — ₹2L: Home loan interest for self-occupied property
- HRA: Exempt under Section 10(13A) — huge if you live in a rented metro house
💡 Old vs New Regime Explained
Old Regime
Higher tax rates but allows 70+ deductions — HRA, 80C, 80D, home loan, LTA, NPS, etc. Better if you have significant deductions (typically ₹5L+ in deductions favors old regime).
New Regime (Default from FY 2023-24)
Lower tax rates, wider slabs, but almost no deductions allowed (only ₹75K standard deduction). Simpler to file. Better for salaried people with fewer investments. Full rebate up to ₹12L taxable income (Budget 2025).
📋 FY 2025-26 Tax Slabs
Old Regime
Up to ₹2.5L — Nil
₹2.5L - ₹5L — 5%
₹5L - ₹10L — 20%
Above ₹10L — 30%
+ 4% Health & Education Cess
New Regime (Budget 2025)
Up to ₹4L — Nil
₹4L - ₹8L — 5%
₹8L - ₹12L — 10%
₹12L - ₹16L — 15%
₹16L - ₹20L — 20%
₹20L - ₹24L — 25%
Above ₹24L — 30%
+ 4% Health & Education Cess
📌 Next Steps
If Old Regime is better for you, maximize deductions: invest in PPF, ELSS, NPS. Use our HRA Calculator to compute exact HRA exemption.
Plan your tax-saving investments with our PPF Calculator and NPS Calculator.
⚠️ Calculator Disclaimer: This is a simplified tax calculator for salaried individuals. It does not cover all deductions, exemptions, surcharges, or special cases. HRA calculation assumes basic salary = 50% of gross. Actual tax liability may differ. Tax laws are subject to change. This tool is for educational purposes only — not tax advice. Consult a Chartered Accountant for accurate tax planning.
| Category | Old Regime | New Regime | Notes |
|---|---|---|---|
| Basic exemption | ₹2.5L | ₹3L (₹3.75L with rebate u/s 87A) | Rebate available up to ₹7L taxable income |
| Section 80C deductions | ₹1.5L | Not available | PPF, ELSS, LIC, FD, EPF contributions |
| 80D — Health insurance | ₹25K–₹1L | Not available | Higher limit for senior citizens |
| HRA exemption | Claimable | Not available | For salaried employees in rented accommodation |
| Standard deduction | ₹50,000 | ₹75,000 | New regime enhanced from Apr 2024 (FY 2024-25) |
| Surcharge cap on LTCG | 15% max | 15% max | Applies under Section 112A for equity gains |
💡 Tax Planning Basics
Old vs New Regime
New regime has lower rates but no deductions. Old regime allows 80C, 80D, HRA, NPS deductions. Compare both.
Section 80C (1.5L)
PPF, ELSS, life insurance, EPF, tax-saving FD — all count towards the 1.5 lakh 80C deduction limit.
Beyond 80C
NPS gives extra 50K, health insurance gives 25-75K (80D), home loan interest gives 2L (Section 24). Stack for maximum saving.
📌 What To Do Next
Explore specific tax-saving instruments — PPF for safe 80C savings, NPS for extra 50K deduction, or ELSS for market-linked tax savings. Always consult a qualified financial advisor before making any financial decisions.
Explore Tax-Saving Options →