Income Tax Calculator New vs Old Regime
Calculate your exact income tax liability for FY 2025–26. Compare both tax regimes side-by-side, factor in all deductions, and make the smartest decision for your finances — in seconds.
Slab-wise Tax Breakdown
| Income Slab | Rate | Tax |
|---|
How to Use the Income Tax Calculator for FY 2025–26
Three simple steps to know your exact tax liability and the best regime for you.
Step 1: Enter Your Income
Enter your total annual gross income — salary, business income, or freelance earnings. Use the quick-select buttons for common amounts or drag the slider.
Step 2: Select Age & Regime
Choose your age group (Senior citizens get higher exemption limits) and pick New or Old tax regime. Switch between regimes to compare instantly.
Step 3: Add Deductions & Compare
If using the Old Regime, enter your 80C, 80D, HRA, and NPS investments. The calculator auto-recommends the better regime for maximum savings.
Income Tax Slabs for FY 2025–26 (AY 2026–27)
Applicable for Individuals & HUF. Updated as per Budget 2024 announcements.
New Tax Regime
Default · Standard Deduction ₹75,000
| Income Slab | Tax Rate | Tax on Slab |
|---|---|---|
| ₹0 – ₹3,00,000 | 0% | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% | ₹20,000 |
| ₹7,00,001 – ₹10,00,000 | 10% | ₹30,000 |
| ₹10,00,001 – ₹12,00,000 | 15% | ₹30,000 |
| ₹12,00,001 – ₹15,00,000 | 20% | ₹60,000 |
| Above ₹15,00,000 | 30% | 30% of excess |
Section 87A Rebate: Income up to ₹7 lakh → Zero tax payable after rebate.
Old Tax Regime
With Deductions · Standard Deduction ₹50,000
| Income Slab | Below 60 | Senior (60–80) | Super (80+) |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2.5L – ₹3L | 5% | Nil | Nil |
| ₹3L – ₹5L | 5% | 5% | Nil |
| ₹5L – ₹10L | 20% | 20% | 20% |
| Above ₹10L | 30% | 30% | 30% |
Section 87A Rebate: Income up to ₹5 lakh → Zero tax after rebate under Old Regime.
Surcharge Rates + Health & Education Cess
| Total Income | Old Regime | New Regime |
|---|---|---|
| Up to ₹50 Lakh | Nil | Nil |
| ₹50L – ₹1 Crore | 10% | 10% |
| ₹1Cr – ₹2 Crore | 15% | 15% |
| ₹2Cr – ₹5 Crore | 25% | 25% |
| Above ₹5 Crore | 37% | 25% (capped) |
Health & Education Cess
4%
Applicable on total income tax + surcharge. This cess goes towards government health and education programmes.
Top Income Tax Deductions You Should Claim in FY 2025–26
Available under the Old Tax Regime. Maximize your savings with these key deductions.
80C Investments
LIC, EPF, PPF, ELSS Mutual Funds, NSC, 5-yr FD, Sukanya Samriddhi, ULIP. Deduction limit: ₹1,50,000.
Health Insurance Premium
₹25,000 for self/family; ₹50,000 for senior citizen parents. Total max deduction: ₹1,00,000.
Home Loan Interest
Deduct up to ₹2,00,000 per year on home loan interest for a self-occupied property.
NPS Contribution
Extra deduction of ₹50,000 over and above 80C limit for NPS Tier-1 account contributions.
Education Loan Interest
Full deduction on interest paid on education loan for higher studies. No cap on amount. Available for 8 years.
Charitable Donations
50% to 100% deduction on donations to approved charitable institutions and PM Relief Fund. Retain receipts.
Frequently Asked Questions
Everything you need to know about Income Tax for FY 2025–26.
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