Income Tax Calculator India
Old vs New Regime
Compare both tax regimes instantly. See exactly how much tax you pay, which regime saves more, and your monthly take-home — all in one place.
Income Tax Calculator
FY 2025–26 (AY 2026–27)
Tax Comparison
FY 2025–26Enter your annual income and deductions above, then click Calculate & Compare Tax to see a full Old vs New regime comparison with slab-wise breakdown.
Income Tax Slabs — FY 2025–26 (AY 2026–27)
Switch between old and new regime to compare the slabs.
| Income Range | Tax Rate | Tax on Slab |
|---|---|---|
| Up to ₹3,00,000 | 0% | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% | Up to ₹20,000 |
| ₹7,00,001 – ₹10,00,000 | 10% | Up to ₹30,000 |
| ₹10,00,001 – ₹12,00,000 | 15% | Up to ₹30,000 |
| ₹12,00,001 – ₹15,00,000 | 20% | Up to ₹60,000 |
| Above ₹15,00,000 | 30% | ₹1,05,000 + 30% above ₹15L |
Old Regime
Higher tax slabs but allows deductions under 80C (₹1.5L), 80D (₹25K), HRA, NPS (₹50K extra), home loan interest (₹2L), standard deduction (₹50K) and more.
New Regime
Lower tax slabs but most deductions removed. Only standard deduction of ₹75,000 allowed. Simpler to file. Better for people with fewer deductions or lower income.
Which is Better?
Generally, if your total deductions exceed ₹3–4 lakh, old regime is better. If you claim fewer deductions, the new regime’s lower slabs are more beneficial. Use this calculator to compare instantly.
Surcharge & Cess
A 4% Health & Education Cess applies on total tax. Surcharge applies for incomes above ₹50 lakh (10%), ₹1 Cr (15%), ₹2 Cr (25%), ₹5 Cr (37% — old) or 25% (new) above ₹5 Cr.
It depends on your deductions. If you have significant investments under 80C (₹1.5L), health insurance (₹25K), NPS (₹50K), HRA and home loan interest, the old regime usually saves more tax. For incomes under ₹7 lakh or those with fewer deductions, the new regime is generally better. Use our calculator to see the exact difference.
The standard deduction is ₹75,000 under the New Regime (increased from ₹50,000 in Budget 2024). Under the Old Regime, the standard deduction remains ₹50,000. This is automatically applied in our calculator.
Salaried employees can switch between old and new regime every financial year by informing their employer. Business owners and professionals can switch from new to old regime only once in their lifetime. From FY 2023-24, the new regime is the default — you must opt for old regime explicitly.
Section 87A provides a tax rebate that makes your tax liability zero. Under the New Regime, if your total income is ₹7 lakh or less, you pay zero tax. Under the Old Regime, the rebate applies if income is ₹5 lakh or less. Note: Rebate does not apply to special rate incomes like STCG (15%) or LTCG (10%).
The New Regime allows very few deductions: Standard deduction of ₹75,000 for salaried, employer NPS contribution (80CCD(2)), transport allowance for specially-abled, and gratuity exemption. HRA, 80C, 80D, home loan interest (24b) and most other deductions are NOT available.