Calculate income tax under Old vs New Regime for FY 2025-26 (AY 2026-27). Compare tax slabs, deductions (80C, 80D, HRA), and find which regime saves you maximum tax. Perfect for ITR filing April-July 2025.
Enter your salary and deductions
to calculate income tax
Total annual salary before any deductions. Include basic pay, HRA, allowances, and bonus.
PPF, EPF, ELSS mutual funds, life insurance premium, home loan principal (max ₹1.5L). Only for Old Regime.
80D (health insurance), HRA, home loan interest (Section 24B), NPS 80CCD(1B). Only for Old Regime.
Below 60 / Senior Citizen (60-80) / Super Senior (80+). Affects basic exemption limit in Old Regime.
New Regime Tax Slabs (Default): 0% up to ₹4L | 5% from ₹4L-₹8L | 10% from ₹8L-₹12L | 15% from ₹12L-₹16L | 20% from ₹16L-₹20L | 25% from ₹20L-₹24L | 30% above ₹24L. Standard deduction: ₹75,000. Section 87A rebate: Zero tax if income ≤ ₹12L.
Old Regime Tax Slabs: 0% up to ₹2.5L | 5% from ₹2.5L-₹5L | 20% from ₹5L-₹10L | 30% above ₹10L. Standard deduction: ₹50,000 + your 80C (max ₹1.5L) + 80D + HRA + home loan interest. Section 87A rebate: Zero tax if taxable income ≤ ₹5L.
Both regimes include: 4% Health & Education Cess on total tax. Surcharge applies if income exceeds ₹50 lakh.
If your total deductions (80C + 80D + HRA + home loan interest) exceed ₹3.75 lakh, Old Regime usually results in lower tax. If deductions are below ₹2.5 lakh, New Regime saves more. Use this calculator to compare both regimes with your exact salary and deductions.
Yes. From FY 2023-24 onwards, New Tax Regime is the default regime. Salaried employees must explicitly opt for Old Regime with their employer for TDS purposes or while filing ITR. You can switch regimes each year.
Under New Regime: Zero tax if net taxable income is ≤ ₹12 lakh (after ₹75,000 standard deduction). Under Old Regime: Zero tax if taxable income is ≤ ₹5 lakh (after all deductions including ₹50,000 standard deduction).
For salaried individuals and non-audit cases, the ITR filing deadline for FY 2025-26 (AY 2026-27) is July 31, 2026. For businesses requiring audit, the deadline is typically October 31, 2026.
New Tax Regime allows ₹75,000 standard deduction for salaried employees (increased from ₹50,000). Most other deductions like 80C, 80D, HRA, home loan interest are NOT allowed. Only specific deductions like employer NPS contribution (80CCD(2)) are permitted.
Old Regime Tax Slabs: 0% up to ₹2.5L, 5% from ₹2.5L-₹5L, 20% from ₹5L-₹10L, 30% above ₹10L. Add ₹50,000 standard deduction + your 80C (max ₹1.5L) + 80D + HRA + other deductions. Apply 87A rebate if taxable income ≤ ₹5L. Add 4% cess.
New Regime Tax Slabs FY 2025-26: 0% up to ₹4L, 5% from ₹4L-₹8L, 10% from ₹8L-₹12L, 15% from ₹12L-₹16L, 20% from ₹16L-₹20L, 25% from ₹20L-₹24L, 30% above ₹24L. ₹75,000 standard deduction allowed. Zero tax if income ≤ ₹12L (87A rebate).
This calculator includes 4% Health & Education Cess. Surcharge applies only if total income exceeds ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%), or ₹5 crore (37%). For incomes above ₹50L, consult a Chartered Accountant for accurate surcharge calculation.
Yes. Salaried individuals can switch between Old and New Tax Regime every financial year. Business/professional income holders can switch only once. Inform your employer before April to ensure correct TDS, or choose while filing ITR.
Section 80C allows deduction up to ₹1.5 lakh for investments in PPF, EPF, ELSS mutual funds, life insurance premium, principal repayment of home loan, NSC, tax-saving FDs, and children's tuition fees. Available only under Old Tax Regime.