Income Tax Calculator
Compare old vs new regime for FY 2025-26 (AY 2026-27)
Compare old vs new regime for FY 2025-26. Enter income and deductions to see tax and which regime is better.
Your Income & Deductions
Affects old regime exemption limit
PPF, ELSS, LIC, PF, etc. (Max ₹1,50,000)
Self ₹25K (₹50K if senior) + Parents ₹25K (₹50K if senior). Max ₹1L
Leave blank if you don't claim HRA
Interest on housing loan (Max ₹2,00,000)
Your NPS contribution (Max ₹50,000)
Employer's NPS contribution (Max 10% of basic salary)
Your Tax Comparison
Old Regime Calculation
| Gross Income | ₹0 |
New Regime Calculation
| Gross Income | ₹0 |
This calculator is for estimation purposes only. Please consult a tax professional for accurate advice.
Income Tax Slabs for FY 2025-26
India offers two tax regimes - the Old Regime with deductions and the New Regime with lower rates but fewer deductions. Here's a comparison:
New Tax Regime (Default)
| Income Slab | Tax 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% |
Standard deduction: ₹75,000 | Rebate u/s 87A: Full tax rebate if taxable income ≤ ₹12,00,000
Old Tax Regime
| Income Slab | Tax 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% |
Standard deduction: ₹50,000 | Rebate u/s 87A: Up to ₹12,500 if taxable income ≤ ₹5,00,000
Key Deductions (Old Regime Only)
- Section 80C (Max ₹1.5L): PPF, ELSS, LIC premium, EPF, home loan principal, tuition fees, NSC, tax-saver FDs
- Section 80D (Max ₹1L): Health insurance premium - ₹25K for self/family (₹50K if senior citizen) + ₹25K for parents (₹50K if senior)
- Section 80CCD(1B) (Max ₹50K): Additional NPS contribution beyond 80C limit
- Section 80CCD(2): Employer's NPS contribution (up to 10% of basic salary)
- Section 24 (Max ₹2L): Home loan interest for self-occupied property
- HRA Exemption: Based on actual HRA received, rent paid, and city of residence
Surcharge and Cess
In addition to the base tax, high-income earners pay surcharge, and everyone pays Health & Education Cess:
- Surcharge: 10% (₹50L-1Cr), 15% (₹1-2Cr), 25% (₹2-5Cr), 37%/25% (above ₹5Cr for old/new regime)
- Health & Education Cess: 4% on (Tax + Surcharge)
- Marginal Relief: If your income just crosses a threshold, tax is capped so you don't pay more than the excess income