Income Tax Calculator
FY 2025-26 (AY 2026-27) | Compare Old vs New Regime
Updated for Budget 2025Income Details
Your total CTC or gross annual income
Deductions (Old Regime Only)
These deductions only apply under the Old Tax Regime
EPF, PPF, ELSS, LIC, NPS Tier-I, SSY
Self: ₹25K | Self+Parents: ₹50K | Senior Parents: ₹75K-₹1L
If you live in rented accommodation and receive HRA
Education loan interest (80E), Donations (80G), etc.
Old Regime
New Regime
Verdict
Income Tax Slabs FY 2025-26
New Tax Regime (Default)
| Income Slab | Tax Rate |
|---|---|
| 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% |
Standard Deduction: ₹75,000 | Rebate u/s 87A up to ₹60,000 (income ≤ ₹12L)
Old Tax Regime
| Income Slab | Tax Rate |
|---|---|
| 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 | Rebate u/s 87A up to ₹12,500 (income ≤ ₹5L)
Real-Life Tax Comparison Examples
Fresher — ₹8 Lakh Salary
Old Regime Tax: ₹41,600 (with ₹1.5L 80C + ₹25K 80D)
New Regime Tax: ₹0 (Income ≤ ₹12L after std deduction → full rebate)
Winner: New Regime saves ₹41,600
Mid-Career — ₹15 Lakh Salary
Old Regime Tax: ₹1,56,000 (with ₹1.5L 80C + ₹50K 80D + ₹2L HRA)
New Regime Tax: ₹93,600
Winner: New Regime saves ₹62,400
Senior Professional — ₹30 Lakh Salary (Heavy Deductions)
Old Regime Tax: ₹4,26,400 (₹1.5L 80C + ₹75K 80D + ₹3L HRA + ₹2L Sec 24 + ₹50K NPS)
New Regime Tax: ₹4,42,000
Winner: Old Regime saves ₹15,600 (heavy deductions help!)
Section 80C Investment Options
| Investment | Lock-in | Returns | Risk |
|---|---|---|---|
| EPF (Employee PF) | Till retirement | 8.25% | Low |
| PPF | 15 years | 7.1% | Zero (Govt.) |
| ELSS Mutual Funds | 3 years | 12-15%* | Medium-High |
| NPS (Tier-I) | Till 60 | 9-12%* | Medium |
| LIC Premium | 5-20 years | 4-6% | Low |
| SSY (Sukanya Samriddhi) | 21 years | 8.2% | Zero (Govt.) |
| NSC | 5 years | 7.7% | Zero (Govt.) |
* Market-linked returns, not guaranteed. Data as of April 2025.
Frequently Asked Questions
Can I switch between Old and New regime every year?
Salaried individuals can switch between Old and New regime every financial year. However, individuals with business income can only switch once in their lifetime from New to Old regime.
What deductions are available under the New Regime?
Under the New Regime, very few deductions are available. You get Standard Deduction of ₹75,000, Employer's NPS contribution (80CCD(2)) up to 14% of salary, and family pension deduction (₹15,000). Most Chapter VI-A deductions (80C, 80D, HRA, etc.) are NOT available.
How does the ₹12 Lakh rebate work in New Regime?
If your total taxable income under the New Regime (after standard deduction) is up to ₹12,00,000, you get a full rebate under Section 87A of up to ₹60,000. This effectively makes your tax liability zero. Note: This means a salary of up to ₹12,75,000 (₹12L + ₹75K standard deduction) results in zero tax under the New Regime.
Is there a surcharge on high income?
Yes, a surcharge applies on income above ₹50 Lakhs: 10% (₹50L-₹1Cr), 15% (₹1Cr-₹2Cr), 25% (₹2Cr-₹5Cr under New Regime). This calculator covers the standard slab computation without surcharge for simplicity.
Important Disclaimer
For Informational Purposes Only: This calculator provides tax estimates based on the inputs you provide and the published tax slabs for FY 2025-26. Actual tax liability may differ based on your specific financial situation.
Not Tax Advice: The calculations provided here are NOT professional tax advice. Do not file your income tax return based solely on these calculations.
Consult a CA: Always consult a qualified Chartered Accountant or tax professional for accurate tax planning and filing. Tax laws are subject to changes and interpretations.
No Surcharge Computation: This calculator does not include surcharge calculations for income above ₹50 Lakhs.
No Liability: QuickTools India assumes no responsibility for any decisions or actions taken based on the tax calculations provided on this tool.