📋 Tax Planning

Income Tax Calculator FY 2025-26

Compare old vs new tax regime instantly. Enter your salary and deductions to see which regime saves you more tax in India for FY 2025-26.

✓ Old vs New Regime ✓ Budget 2025 Slabs ✓ Tax Savings
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Calculate Your Tax Instantly

Enter your income and deductions below. Results update live as you adjust the sliders or type values.

₹8,00,000
₹0₹1,00,00,000
₹
₹50,000
₹0₹1,00,000
₹
₹0
₹0₹5,00,000
₹
₹1,50,000
₹0₹1,50,000
₹
₹25,000
₹0₹25,000
₹
₹0
₹0₹2,00,000
₹

Old vs New Regime Comparison

Side-by-side breakdown of income, deductions, taxable income, and final tax for both regimes.

Calculating…
Metric Old Regime New Regime

What is Income Tax Calculator and How to Use It

This income tax calculator FY 2025-26 helps salaried individuals in India compare the old and new tax regime side by side before filing returns or choosing payroll declarations. Start by entering your gross annual salary and standard deduction. Then add old regime deductions — HRA exemption, Section 80C investments (PPF, ELSS, LIC, EPF up to ₹1.5 lakh), Section 80D health insurance (up to ₹25,000), and home loan interest under Section 24b (up to ₹2 lakh). The calculator instantly shows your tax under both regimes and highlights which one saves more.

The biggest change in FY 2025-26 is the new tax regime zero-tax benefit up to ₹12 lakh through the enhanced Section 87A rebate of ₹60,000. This makes the new regime attractive for many salaried individuals. However, if you have large deductions — especially HRA plus 80C plus home loan interest — the old regime may still save more. This tool answers questions like which tax regime is better for 12 lakh salary or how much tax on 15 lakh salary in new regime without manual calculations.

The new regime applies a standard deduction of ₹75,000 for salaried employees but does not allow 80C, 80D, HRA, or home loan interest deductions. The old regime allows all these deductions but uses a different (generally higher) slab structure. The Tax Savings card shows the exact rupee difference so you can make an informed decision.

Tax Formulas Used

Old Regime Taxable Income = Gross Salary - Standard Deduction (₹50,000) - HRA Exemption - 80C (max ₹1,50,000) - 80D (max ₹25,000) - Home Loan Interest (max ₹2,00,000) New Regime Taxable Income = Gross Salary - Standard Deduction (₹75,000) Tax = Sum of (Income in each slab x slab rate) + 4% cess 87A Rebate: Old regime ₹12,500 if income ≤ ₹5L New regime ₹60,000 if income ≤ ₹12L

Three smart tax planning tips

01.Under the new regime, income up to ₹12 lakh can effectively become zero-tax because of the Section 87A rebate. This changes the break-even point for many salaried users.
02.The old regime becomes competitive only when your deductions are strong enough — typically total deductions of ₹3 lakh to ₹3.5 lakh or more for most income levels.
03.Maximise 80C with ELSS mutual funds, PPF, and EPF contributions before comparing regimes. A full ₹1.5 lakh 80C claim can tip the balance in favour of the old regime.
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Common Questions About Income Tax

For most salaried individuals earning up to ₹12 lakh, the new regime is better because income up to ₹12L attracts zero tax due to the Section 87A rebate of ₹60,000. Above ₹12L, it depends on your deductions. If your 80C + 80D + HRA + home loan interest total exceeds ₹3–3.5 lakh, the old regime may save more. Enter your numbers above to find out instantly.

The new tax regime slabs for FY 2025-26 are: ₹0–4L: Nil, ₹4–8L: 5%, ₹8–12L: 10%, ₹12–16L: 15%, ₹16–20L: 20%, ₹20–24L: 25%, Above ₹24L: 30%. With the 87A rebate, total tax is nil for incomes up to ₹12 lakh. A 4% health and education cess applies on any tax payable.

Under the old regime you can claim standard deduction (₹50,000 for salaried), Section 80C up to ₹1.5 lakh (PPF, ELSS, LIC, EPF etc.), Section 80D up to ₹25,000 for health insurance, HRA exemption, and home loan interest under Section 24b up to ₹2 lakh. These deductions reduce your taxable income before applying the progressive slab rates.

Section 87A provides a full tax rebate up to ₹60,000 under the new regime (FY 2025-26) for individuals with taxable income up to ₹12 lakh. This effectively means zero income tax for incomes up to ₹12L. Under the old regime, the rebate is ₹12,500 for income up to ₹5 lakh. The rebate is available only to resident individuals.

On ₹15 lakh gross salary under new regime FY 2025-26: Taxable income = ₹15L − ₹75,000 standard deduction = ₹14.25L. Tax = nil on ₹4L + 5% on ₹4L (₹20,000) + 10% on ₹4L (₹40,000) + 15% on ₹2.25L (₹33,750) = ₹93,750. Add 4% cess = ₹97,500 total tax. No 87A rebate applies because income exceeds ₹12L.

Salaried individuals can switch between old and new tax regime every financial year when filing their ITR. However, if you have business income, you can switch from new to old regime only once. It is advisable to compare both regimes each year as your income and deductions change, which is exactly what this calculator helps you do.