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HRA Calculator
Find out your tax-exempt house rent allowance to input as a deduction.
Income Tax Calculator
Income Tax Calculator — Old vs New Regime FY 2025-26
Compare Old vs New Tax Regimes for FY 2025-26 & FY 2024-25.
Financial Year
Age Group
Gross Annual Salary
Other Annual Income (Interest, etc.)
Deductions & Exemptions (For Old Regime only)
Save with New Regime
Savings: ₹ 39,000 / yearOLD REGIME
₹ 39,000
Taxable: ₹ 6,25,000NEW REGIME
₹ 0
Taxable: ₹ 7,75,000* Standard deduction (₹75k for FY 25-26 under New Regime, ₹50k for Old Regime) is applied automatically. Cess of 4% is included.
Disclaimer
The calculations provided by this tool are for informational and educational purposes only and do not constitute professional financial advice. While we strive to ensure accuracy, actual returns, tax liabilities, or loan terms may vary based on market conditions, institution policies, and regulatory changes. Please consult a qualified financial advisor before making any significant financial decisions.
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Quick Start Instructions
Enter salary and deductions to see tax due under both regimes for FY 2025-26. Shows which regime saves more. Covers salaried employees with 80C and HRA.
- 1Select Financial Year (FY 2025-26 or FY 2024-25) and age category.
- 2Enter gross salary and other income sources (interest, rent).
- 3Enter deductions under Sections 80C, 80D, HRA, and home loan interest.
- 4View side-by-side Old vs New tax regime comparison — pick the lower liability.
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Frequently 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.
Detailed Guide & Overview
India Income Tax Calculator: Old Regime vs New Regime (FY 2025-26)
Understanding your income tax liability is essential for financial planning, salary negotiation, and investment decisions. India currently operates two parallel tax regimes: the Old Tax Regime (with higher rates but numerous deductions) and theNew Tax Regime (with lower rates but no most deductions). From FY 2023-24, the new regime became the default for individuals. Our Income Tax Calculator computes your tax liability under both regimes so you can choose the one that benefits you most.
New Tax Regime Slabs (FY 2025-26, AY 2026-27)
- ₹0 – ₹4,00,000: NIL (revised from ₹3 lakh in Budget 2025)
- ₹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%
Tax rebate under Section 87A: If taxable income is up to ₹12,00,000 (₹12 lakh), the entire tax liability is rebated to NIL under the new regime — effectively making income up to ₹12 lakh tax-free (plus ₹75,000 standard deduction = ₹12.75 lakh gross income is NIL tax).
Old Tax Regime Slabs (FY 2025-26)
- ₹0 – ₹2,50,000: NIL
- ₹2,50,001 – ₹5,00,000: 5%
- ₹5,00,001 – ₹10,00,000: 20%
- Above ₹10,00,000: 30%
Old regime allows deductions: Section 80C (up to ₹1.5 lakh), 80D (health insurance), HRA exemption, LTA, home loan interest under 24(b), and many others that can significantly reduce taxable income.
Which Regime Should You Choose?
A general rule of thumb:
- Income under ₹7.5 lakh: New regime almost always better (lower rates + 87A rebate)
- Income ₹7.5 lakh – ₹15 lakh with high deductions: Compare both — old regime may win if you have HRA + 80C + 80D maxed out
- Income above ₹15 lakh with maximum deductions: Often comparable — use our calculator with your exact deductions to see which saves more
Surcharge and Health & Education Cess
In addition to base tax, a Health and Education Cess of 4% is applied to the computed tax. A surcharge is levied on high-income taxpayers: 10% surcharge for income above ₹50 lakh, 15% for above ₹1 crore, 25% for above ₹2 crore, and 37% for above ₹5 crore (under the old regime). The new regime has a capped surcharge of 25% for income above ₹2 crore. Our calculator includes cess and applicable surcharge in the final tax figure.