Income Tax Calculator
Calculate your income tax liability under old and new tax regimes.
Tax Comparison — FY 2025-26
Old Regime
Taxable Income
Income Tax
Cess (4%)
Total Tax
New Regime
Taxable Income
Income Tax
Cess (4%)
Total Tax
You save with the Regime
New vs Old Tax Regime — FY 2025-26
From FY 2023-24 onwards, the New Tax Regime is the default tax regime in India. However, taxpayers can still opt for the Old Regime if it benefits them, especially those claiming significant deductions under sections 80C, 80D, HRA, etc.
Who Should Choose the Old Regime?
The old tax regime is generally beneficial for individuals who have significant deductions and exemptions such as HRA, Section 80C investments, home loan interest, and health insurance premiums. If your total eligible deductions and exemptions exceed approximately ₹3.75 lakh, the old regime is likely to result in lower tax.
Who Should Choose the New Regime?: The new regime suits individuals who do not have many investments or deductions to claim. It offers lower tax rates with a simpler structure. It is also the default regime, so if you do not explicitly opt for the old regime, your tax will be calculated under the new regime.
New Regime Tax Slabs (FY 2025-26)
| 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 of ₹75,000 is available under the New Regime.
Old Regime Tax Slabs (FY 2025-26)
| Income Slab | Below 60 | 60-80 (Senior) | Above 80 (Super Senior) |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 - ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 - ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 - ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
Standard deduction of ₹50,000 is available under the Old Regime for salaried individuals.
