Income Tax Calculator
Old vs New Regime. Which one saves you more?
The Income Tax Calculator helps you estimate your tax liability for the Financial Year (FY) 2025-26. The Indian tax system currently offers two options: the New Regime (lower rates, fewer deductions) and the Old Regime (higher rates, more deductions). Enter your salary and investments to instantly see which option puts more money in your pocket.
Deductions (Old Regime Only)
Total Tax Saved
₹0
by choosing New Regime
New Regime Tax
₹0
Old Regime Tax
₹0
Analysis
For your income level, the New Regime is more beneficial.
The New Regime offers lower rates but no deductions. The Old Regime has higher rates but allows exemptions. You must calculate every year.
🏛️ Tax Slabs (FY 2025-26)
Age < 60| Income Slab | New Regime | Old Regime |
|---|---|---|
| Up to ₹ 4 Lakhs | Nil | Nil (upto 2.5L) |
| ₹ 4L - ₹ 8L | 5% | 5% (2.5L-5L) / 20% (5L+) |
| ₹ 8L - ₹ 12L | 10% | 20% |
| ₹ 12L - ₹ 16L | 15% | 30% (Above 10L) |
| ₹ 16L - ₹ 20L | 20% | 30% |
| ₹ 20L - ₹ 24L | 25% | 30% |
| Above ₹ 24 Lakhs | 30% | 30% |
Features Comparison
| Tax Benefit | New Regime | Old Regime |
|---|---|---|
| Section 80C | ❌ No | ✅ Yes (₹1.5L) |
| HRA Exemption | ❌ No | ✅ Yes |
| Home Loan Interest | ❌ No | ✅ Yes (₹2L) |
| Standard Deduction | ✅ ₹75,000 | ✅ ₹50,000 |
The "Golden Rule" for Selection
Switch back to Old Regime ONLY IF:
Disclaimer: Estimates based on Budget 2025. Actual tax may vary based on surcharges. Consult a CA before filing.
Frequently Asked Questions
Which tax regime is better: Old or New?▼
The better regime depends on the deductions and exemptions you claim. Individuals with higher deductions often benefit from the Old Regime.
Is standard deduction available in the New Tax Regime?▼
Yes, a standard deduction is available for salaried individuals under both regimes as per current rules.