Income Tax Calculator
Save with New Regime
Savings: ₹ 39,000 / year₹ 39,000
Taxable: ₹ 6,25,000₹ 0
Taxable: ₹ 7,75,000Frequently Asked Questions
What is the difference between Old and New Tax Regimes?
The Old Tax Regime allows various exemptions and deductions (like 80C, 80D, HRA, LTA) with higher tax slabs. The New Tax Regime offers lower tax rates but eliminates most tax exemptions and deductions, though it provides a standard deduction of ₹75,000 for FY 2025-26 (increased from ₹50,000).
Which tax regime is better for me?
It depends on your investments. If you claim significant deductions (over ₹3.75 Lakhs total in HRA, 80C, 80D, home loan interest), the Old Regime may be better. If you have minimal investments or prefer simplicity, the New Regime is typically more beneficial.
What is the Standard Deduction in FY 2025-26?
For FY 2025-26, the standard deduction is ₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime for salaried employees.
Does this tax calculator support slab rates for senior citizens?
Yes, our income tax calculator automatically applies senior citizen slabs (for age 60 to 80) and super senior slabs (for age 80+) when you select your age category.
How to Use Income Tax Calculator
Select your Financial Year (e.g., FY 2025-26 or FY 2024-25) and age category.
Enter your Gross Salary/Annual Income and other sources of income (like interest or rent).
Enter your deductions under Sections 80C, 80D, HRA, and home loan interest if evaluating the Old Regime.
Click Calculate to get a detailed breakdown of tax liability under both the Old and New tax regimes side-by-side.