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Income Tax Calculator

Calculate your income tax for FY 2025-26 under both old and new regimes. See slab-wise breakdown, deductions, surcharge, cess, and which regime saves you more.

Income Details

₹

Total income from salary, business, and other sources

Deductions (for Old Regime comparison)

₹

PPF, ELSS, EPF, LIC, etc. (Max ₹1.5L)

₹

Health insurance premium

₹

House Rent Allowance exempt amount

₹

Savings account interest (Max ₹10K)

₹

80E, 80G, 80EEA, etc.

₹

Employer NPS (available in both regimes)

The New Regime saves you ₹1,11,800

Based on the income and deductions you entered

New Regime

FY 2025-26

Better Choice
Gross Income₹12,00,000
Total Deductions- ₹75,000
Taxable Income₹11,25,000

Slab-wise Tax

₹0 - ₹4 L₹0
₹4 L - ₹8 L₹20,000
₹8 L - ₹12 L₹32,500
Tax Before Cess₹52,500
Section 87A Rebate- ₹52,500
Health & Education Cess (4%)+ ₹0
Total Tax

Effective Rate: 0%

₹0

Monthly take-home (approx): ₹1,00,000/month

Old Regime

FY 2025-26

Gross Income₹12,00,000
Total Deductions- ₹2,25,000
Taxable Income₹9,75,000

Slab-wise Tax

₹0 - ₹2.5 L₹0
₹2.5 L - ₹5 L₹12,500
₹5 L - ₹10 L₹95,000
Tax Before Cess₹1,07,500
Health & Education Cess (4%)+ ₹4,300
Total Tax

Effective Rate: 9.32%

₹1,11,800

Monthly take-home (approx): ₹90,683.33/month

How It Works

1

Enter Your Income

Enter your total annual gross income including salary, business income, capital gains, and other sources.

2

Add Deductions (Old Regime)

For old regime comparison, enter your deductions under Section 80C, 80D, HRA exemption, and other applicable sections.

3

Compare Both Regimes

See your tax liability under both old and new regimes side by side, including slab-wise breakdown, rebate, surcharge, and cess.

Income Tax Slabs FY 2025-26 (Budget 2025)

New Regime: Up to ₹4,00,000 — Nil | ₹4L–₹8L — 5% | ₹8L–₹12L — 10% | ₹12L–₹16L — 15% | ₹16L–₹20L — 20% | ₹20L–₹24L — 25% | Above ₹24L — 30%

Old Regime: Up to ₹2,50,000 — Nil | ₹2.5L–₹5L — 5% | ₹5L–₹10L — 20% | Above ₹10L — 30%

Standard Deduction: ₹75,000 (New Regime) | ₹50,000 (Old Regime)

Section 87A Rebate: Up to ₹60,000 if taxable income ≤ ₹12L (New Regime) | Up to ₹12,500 if taxable income ≤ ₹5L (Old Regime)

Health & Education Cess: 4% on total tax + surcharge

Surcharge: 10% (₹50L–₹1Cr) | 15% (₹1Cr–₹2Cr) | 25% (₹2Cr–₹5Cr) | 37% (>₹5Cr, old regime) / 25% cap (new regime)

Frequently Asked Questions

Which tax regime should I choose — old or new?
If your total deductions (80C, 80D, HRA, etc.) exceed approximately ₹3.75 lakhs, the old regime may be better. Otherwise, the new regime with its lower slab rates and ₹75,000 standard deduction is usually more beneficial. Use this calculator to compare both.
What changed in the new regime for FY 2025-26?
Budget 2025 revised the new regime slabs: Nil tax up to ₹4 lakh (was ₹3L), and the 87A rebate threshold increased to ₹12 lakh with rebate up to ₹60,000. This means zero tax up to ₹12 lakh income in the new regime.
What deductions are available under the new regime?
The new regime offers limited deductions: ₹75,000 standard deduction from salary, NPS employer contribution under Section 80CCD(2), and family pension deduction under Section 57. Most other deductions like 80C, 80D, HRA are not available.
Is the new regime mandatory?
The new regime is the default regime from FY 2023-24 onwards. However, salaried individuals can switch between regimes each year. Business owners who opt for the old regime cannot switch back to new regime (one-time choice).
What is Section 87A rebate?
Section 87A provides a tax rebate (direct reduction in tax payable) for individuals with taxable income below certain limits. In the new regime, the rebate is up to ₹60,000 for income up to ₹12 lakh. In the old regime, it's up to ₹12,500 for income up to ₹5 lakh.
How is surcharge calculated on income tax?
Surcharge is an additional tax on income tax (not on income). Rates vary: 10% for ₹50L–₹1Cr, 15% for ₹1Cr–₹2Cr. In the new regime, surcharge is capped at 25% regardless of income. The 37% rate only applies in the old regime for income above ₹5Cr.

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