Income Tax Calculator
Enter your yearly salary and the deductions you can claim in the old regime. You get the estimated tax under both regimes for FY 2025-26 (assessment year 2026-27) and the difference.
Up to ₹50 lakh. Surcharge above that is not included.
Total of 80C, HRA, NPS, medical and other deductions you can claim. Only the old regime uses this.
New regime tax is lower by
₹97,500
FY 2025-26 (assessment year 2026-27)
- New regime tax (with cess)
- ₹97,500
- Old regime tax (with cess)
- ₹1,95,000
- New regime taxable income
- ₹14,25,000
- Old regime taxable income
- ₹12,50,000
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Take-home before other deductions
| Regime | Tax | Effective rate |
|---|---|---|
| New | ₹97,500 | 6.5% |
| Old | ₹1,95,000 | 13.0% |
- An estimate for a resident individual under 60 with salary income. Slabs, the section 87A rebate and the 4% cess follow the Income Tax Department's tables for FY 2025-26; standard deduction is ₹75,000 (new) and ₹50,000 (old).
- It does not include surcharge, capital gains, other income or deduction limits. For filing, use the Income Tax Department's calculator or ask a chartered accountant.
Old regime or new regime
The new regime has lower slab rates and almost no deductions. The old regime has higher slabs but lets you claim deductions such as 80C, HRA and NPS. Which is lower depends on how much you can claim.
Under the new regime the tax is nil when taxable income is up to ₹12 lakh, because of the section 87A rebate. A standard deduction of ₹75,000 applies for salaried people, so salary up to ₹12.75 lakh pays no tax in this estimate.
This is an estimate for a resident individual under 60 with salary income. It leaves out surcharge, capital gains and other income. For filing, use the Income Tax Department's tools or ask a chartered accountant.
The formula
Tax = the sum of slab rates applied to taxable income, less the section 87A rebate where it applies, plus 4% health and education cess. Taxable income = salary − standard deduction (− other deductions in the old regime).
Common questions
Which tax regime is better for me?
Compare both. The new regime tends to win when your deductions are small; the old regime can win when your deductions are large. Enter your deductions to see.
What are the new regime slabs for FY 2025-26?
Nil up to ₹4 lakh, 5% on ₹4 to 8 lakh, 10% on ₹8 to 12 lakh, 15% on ₹12 to 16 lakh, 20% on ₹16 to 20 lakh, 25% on ₹20 to 24 lakh and 30% above ₹24 lakh, as published by the Income Tax Department.
Is income up to ₹12 lakh really tax-free?
Under the new regime, resident individuals with taxable income up to ₹12 lakh get a rebate of up to ₹60,000 under section 87A, which brings the tax to nil. It applies to taxable income after the standard deduction and does not cover every kind of income.
Is this tax advice?
No. It is an estimate. Check your own return with the Income Tax Department or a chartered accountant.
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