Income Tax Calculator 📊

Compare New Regime vs Old Regime for FY 2025-26 — find which saves more tax for YOU

Your Income 💰

💼 Income Details
🏠 HRA (Only Old Regime)
💸 Deductions (Only Old Regime)

Tax Comparison 🏆

New Regime
₹0
FY 2025-26 slabs
Old Regime
₹1,14,400
With deductions

💡 Choose New Regime — Save

₹1,14,400
🟢 New Regime Breakdown
Gross Income ₹12,00,000
Standard Deduction - ₹75,000
Taxable Income ₹11,25,000
Tax Before Rebate ₹52,500
Rebate u/s 87A - ₹52,500
Final Tax (+ 4% Cess) ₹0
🔵 Old Regime Breakdown
Gross Income ₹12,00,000
Standard Deduction - ₹50,000
HRA Exemption - ₹1,80,000
80C + 80D + Others - ₹1,75,000
Taxable Income ₹7,95,000
Final Tax (+ 4% Cess) ₹72,540

📊 Income Tax Slabs FY 2025-26 (AY 2026-27)

🟢 New Regime (Default)

Income SlabTax Rate
Up to ₹4,00,0000%
₹4,00,001 to ₹8,00,0005%
₹8,00,001 to ₹12,00,00010%
₹12,00,001 to ₹16,00,00015%
₹16,00,001 to ₹20,00,00020%
₹20,00,001 to ₹24,00,00025%
Above ₹24,00,00030%

Key Features: Standard Deduction ₹75,000 | Rebate u/s 87A up to ₹12 lakh taxable income (effectively zero tax up to ₹12.75L gross) | No HRA, 80C, 80D claims allowed

🔵 Old Regime

Income SlabTax Rate
Up to ₹2,50,0000%
₹2,50,001 to ₹5,00,0005%
₹5,00,001 to ₹10,00,00020%
Above ₹10,00,00030%

Key Features: Standard Deduction ₹50,000 | Rebate u/s 87A up to ₹5L | Claim HRA, 80C (₹1.5L), 80D, home loan interest, etc.

💡 When to Choose Which Regime?

Choose New Regime if:

✅ You don't have large 80C investments (PF, LIC, ELSS)
✅ You don't pay rent or don't claim HRA
✅ Your income is below ₹12.75L (zero tax!)
✅ You want simpler tax filing

Choose Old Regime if:

✅ You have HRA + 80C + 80D + Home Loan = ₹3L+ deductions
✅ You pay home loan EMIs (interest deduction ₹2L)
✅ You live on rent and pay high rent
✅ You invest heavily in PPF, ELSS, NPS

🏠 HRA Exemption Calculation

HRA exemption (for Old Regime) is the MINIMUM of these 3 values:

1️⃣ Actual HRA received from employer
2️⃣ 50% of Basic (Metro) or 40% of Basic (Non-Metro)
3️⃣ Rent paid minus 10% of Basic

⚠️ Disclaimer: This calculator provides estimated tax based on FY 2025-26 slabs. Final tax liability may vary based on specific deductions, exemptions, and income categories (capital gains, business income, etc.). Consult a Chartered Accountant for exact tax filing. Read full disclaimer
⚠️

Important Financial Disclaimer

This calculator is for informational and educational purposes only. The results are estimates based on the inputs provided and should NOT be considered as financial, investment, tax, or legal advice.

  • 💼 Consult a qualified financial advisor, Chartered Accountant, or tax consultant before making any investment, tax, or financial decision based on these calculations.
  • 📊 Interest rates and tax rules change frequently — always verify current rates from official sources (RBI, EPFO, Income Tax Department, SEBI, banks) before investing.
  • 📈 Past performance does not guarantee future returns. Mutual funds, equity, and market-linked investments are subject to market risks.
  • 🏦 Bank/Government rates shown are indicative and may differ from your actual quoted rate. Confirm with your bank or financial institution before transaction.
  • 📋 Calculations may not include all charges like processing fees, GST, TDS, prepayment charges, late payment penalties, or other applicable costs.
  • ⚖️ Tax calculations are simplified estimates. Actual tax liability depends on your complete income profile, deductions, exemptions, and current laws.