Income Tax Calculator — FY 2025–26
Compare old and new tax regimes for FY 2025–26 (AY 2026–27) — built around the Budget 2025 slab revisions. Enter income and deductions; see which regime saves more.
🇮🇳All amounts in ₹ INR · India tax law · FY 2025–26
Income & deductions
Old regime deductions (annual)
EPF + PPF + ELSS + life insurance + 5y FD + tuition fees. Cap ₹1.5L.
Old regime — taxable income
₹12,75,000
Old regime — tax + 4% cess
₹2,02,800
New regime — taxable income
₹14,25,000
New regime — tax + 4% cess
₹97,500
Lower tax in
new regime
You save
₹1,05,300
Income Tax for FY 2025–26
Budget 2025 made the new regime even more attractive — the slabs were widened and the 87A rebate extended to ₹12,00,000 of total income, meaning a salaried person earning ₹12.75L pays zero tax under the new regime. This calculator runs both regimes side-by-side so you can pick the one that actually saves money for your unique mix of deductions.
New regime slabs (default)
- Up to ₹4,00,000 — Nil
- ₹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%
- Plus 4% Health & Education Cess.
- Standard deduction ₹75,000 (salaried & pensioners).
- 87A rebate makes tax nil up to ₹12,00,000 taxable income.
Old regime slabs (opt-in)
- Up to ₹2,50,000 — Nil
- ₹2,50,001 – ₹5,00,000 — 5%
- ₹5,00,001 – ₹10,00,000 — 20%
- Above ₹10,00,000 — 30%
- Standard deduction ₹50,000.
- 87A rebate up to ₹5,00,000 taxable.
- Plus 4% cess.
Which regime should you pick?
Rule of thumb: the more deductions you actively use (80C maxed + 80D + home-loan interest + HRA), the stronger the old regime is. People with few deductions, single-earner salaries, or non-metro rent usually win under the new regime.
- If your total annual deductions exceed roughly ₹4.25 lakh, old regime usually wins.
- Below that, new regime usually wins.
- The break-even shifts with income — run both with your own numbers above.
Key old-regime deductions
- Section 80C (₹1.5L cap): EPF, PPF, ELSS, life insurance premium, 5-year tax-saver FD, tuition fees, home-loan principal.
- Section 80D: ₹25k (self+family) + ₹50k (senior parents). Includes preventive check-up ₹5k.
- Section 24(b): home-loan interest up to ₹2L on self-occupied house.
- Section 80CCD(1B): extra ₹50k for NPS contribution.
- HRA u/s 10(13A): see our HRA calculator.
- LTA, NPS employer (80CCD(2)), education-loan interest (80E), donations (80G).
FAQ
Yes — from FY 2023-24 onwards, the new regime is the default. You must specifically opt for the old regime each year (salaried) or before due date (others).
Salaried individuals: yes, every year. Business income (other than salary): switching is restricted — once you opt out of the new regime, you typically cannot re-enter except in very limited cases.
Standard deduction ₹75,000, employer NPS contribution u/s 80CCD(2) up to 14% of basic, EPF employer share, and a handful of niche ones (transport/conveyance for differently-abled, etc.). No 80C, 80D, HRA, home-loan interest on self-occupied.
It runs the slab math and 87A rebate for both regimes — perfect for what-if planning. For actual filing, use the e-filing portal which also handles capital gains, surcharge, AMT, etc.