Income Tax Calculator

FY 2025-26

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📝 Your Income & Deductions

Affects old regime exemption limit

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PPF, ELSS, LIC, PF, etc. (Max ₹1,50,000)

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Self ₹25K (₹50K if senior) + Parents ₹25K (₹50K if senior). Max ₹1L

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Leave blank if you don't claim HRA

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Interest on housing loan (Max ₹2,00,000)

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Your NPS contribution (Max ₹50,000)

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Employer's NPS contribution (Max 10% of basic salary)

💰 Your Tax Comparison

Old Regime
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0% effective
New Regime
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0% effective
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Enter your income to see comparison

Old Regime Calculation

Gross Income₹0

New Regime Calculation

Gross Income₹0

⚠️ This calculator is for estimation purposes only. Please consult a tax professional for accurate advice.

Income Tax Slabs for FY 2025-26

India offers two tax regimes - the Old Regime with deductions and the New Regime with lower rates but fewer deductions. Here's a comparison:

New Tax Regime (Default)

Income Slab Tax Rate
Up to ₹4,00,000Nil
₹4,00,001 - ₹8,00,0005%
₹8,00,001 - ₹12,00,00010%
₹12,00,001 - ₹16,00,00015%
₹16,00,001 - ₹20,00,00020%
₹20,00,001 - ₹24,00,00025%
Above ₹24,00,00030%

Standard deduction: ₹75,000 | Rebate u/s 87A: Full tax rebate if taxable income ≤ ₹12,00,000

Old Tax Regime

Income Slab Tax Rate
Up to ₹2,50,000Nil
₹2,50,001 - ₹5,00,0005%
₹5,00,001 - ₹10,00,00020%
Above ₹10,00,00030%

Standard deduction: ₹50,000 | Rebate u/s 87A: Up to ₹12,500 if taxable income ≤ ₹5,00,000

Key Deductions (Old Regime Only)

Surcharge and Cess

In addition to the base tax, high-income earners pay surcharge, and everyone pays Health & Education Cess:

Frequently Asked Questions

Which tax regime is better - Old or New?
For FY 2025-26, the new regime is better for most taxpayers due to lower rates and ₹12L rebate limit. Old regime may be better only if your total deductions (80C, 80D, HRA, home loan interest) exceed ₹4-5 lakhs.
What is the standard deduction?
Standard deduction is a flat deduction from salary income. It's ₹75,000 in the new regime (FY 2025-26) and ₹50,000 in the old regime. No bills or proof required.
What is the rebate under Section 87A?
In the new regime, if your taxable income is up to ₹12,00,000, you get a full rebate and pay zero tax. In the old regime, the rebate is up to ₹12,500 if taxable income is up to ₹5,00,000.
What is marginal relief?
Marginal relief ensures that if your income slightly exceeds a threshold (like ₹12L for rebate or ₹50L for surcharge), your total tax doesn't exceed the excess income. This prevents unfair taxation at threshold crossings.
Can I switch between old and new regime?
Salaried employees can switch regimes every year while filing ITR. Business owners can switch only once in their lifetime. The new regime is the default from FY 2023-24.
Is NPS contribution allowed in new regime?
Yes, employer's NPS contribution under Section 80CCD(2) is allowed in both regimes. However, your own NPS contribution under 80CCD(1B) is only allowed in the old regime.