Income Tax Calculator
Compare your tax under the old and new regimes for FY 2025 to 2026.
Inputs
Sum of 80C, 80D, HRA exemption, home loan interest, NPS, and other applicable deductions.
Recommended regime
You save approximately ₹1,13,100 by choosing the new regime, based on the inputs you entered.
New regime
| Slab | Rate | Tax |
|---|---|---|
| ₹0 to ₹4,00,000 | 0 percent | ₹0 |
| ₹4,00,000 to ₹8,00,000 | 5 percent | ₹20,000 |
| ₹8,00,000 to ₹12,00,000 | 10 percent | ₹40,000 |
| ₹12,00,000 to ₹16,00,000 | 15 percent | ₹33,750 |
| ₹16,00,000 to ₹20,00,000 | 20 percent | ₹0 |
| ₹20,00,000 to ₹24,00,000 | 25 percent | ₹0 |
| ₹24,00,000 to above | 30 percent | ₹0 |
Old regime
| Slab | Rate | Tax |
|---|---|---|
| ₹0 to ₹2,50,000 | 0 percent | ₹0 |
| ₹2,50,000 to ₹5,00,000 | 5 percent | ₹12,500 |
| ₹5,00,000 to ₹10,00,000 | 20 percent | ₹1,00,000 |
| ₹10,00,000 to above | 30 percent | ₹90,000 |
India runs two income tax regimes side by side. The new regime offers wider slabs and lower headline rates, but disallows most exemptions and deductions. The old regime sticks with the historical slabs and lets you claim deductions like 80C, 80D, HRA, home loan interest, and the standard deduction. The right choice depends on how much you can legitimately claim under the old regime.
New regime slabs for FY 2025 to 2026
Income up to ₹4,00,000 is taxed at zero percent. The next ₹4 Lakh is taxed at 5 percent, and so on, with the top 30 percent slab kicking in only after ₹24,00,000. A standard deduction of ₹75,000 applies for salaried taxpayers. Income up to ₹12 Lakh effectively pays zero tax thanks to the rebate under section 87A.
Old regime quick reference
Slabs depend on age. For taxpayers below 60, the basic exemption is ₹2,50,000. Senior citizens between 60 and 80 get ₹3,00,000, and very senior citizens above 80 get ₹5,00,000. The standard deduction is ₹50,000 and the section 87A rebate covers tax up to ₹5,00,000 of taxable income.
How to decide between regimes
A rule of thumb is to add up your eligible deductions. If your total deductions exceed roughly ₹3.5 to 4 Lakh on a typical salary, the old regime usually works out better. Below that, the new regime tends to win because its rebate is more generous. Always compare both with your real numbers since the break even shifts with income.
Frequently asked questions
Yes. From FY 2023 to 2024 onwards, the new regime is the default for individual taxpayers. You can still opt for the old regime by choosing it in your tax filing portal.
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