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Income Tax Calculator

Calculate your income tax for FY 2025-26 (AY 2026-27). Compare Old Regime vs New Regime side by side and see exactly which one saves you more money.

Income Details — FY 2025-26
Age Group
Annual Gross Income₹12,00,000
₹0₹50L
Section 80C Deductions₹1,50,000
₹0₹1,50,000
Other Deductions (80D, HRA, etc.)₹0
₹0₹5,00,000
Your Result

Fill in the details and
your result appears here.

Tax Payable
Old Regime Tax
New Regime Tax
Better Regime
You Save
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Did You Know?
New regime for most salaried
With ₹75K standard deduction in new regime, most salaried employees with deductions under ₹3.75L save more in new regime from FY 2024-25 onwards.

How to use this calculator

1

Select age group

Affects basic exemption limit in old regime.

2

Enter gross income

Total annual salary before any deductions.

3

Enter 80C deductions

PF, PPF, ELSS, LIC — max ₹1.5L.

4

Enter other deductions

80D health insurance, HRA, home loan interest etc.

The formula explained

FY 2025-26 New Regime slabs (default): 0% up to ₹4L, 5% up to ₹8L, 10% up to ₹12L, 15% up to ₹16L, 20% up to ₹20L, 25% up to ₹24L, 30% above. Rebate u/s 87A: zero tax if income ≤ ₹12L.

Old Regime: Standard slabs with ₹50K standard deduction + your claimed deductions. Rebate if taxable income ≤ ₹5L.

Both include 4% Health & Education Cess.

Frequently Asked Questions

Which regime is better in 2025-26?

If total deductions exceed ₹3.75L, old regime usually wins. Below that, new regime saves more. This calculator tells you exactly for your numbers.

Is new regime the default?

Yes. From FY 2023-24, new regime is default. You must explicitly opt for old regime with your employer for TDS or while filing ITR.

What is Section 87A rebate?

Under new regime, zero tax if net taxable income ≤ ₹12L. Under old regime, zero tax if taxable income ≤ ₹5L.

Does this include surcharge?

Surcharge applies above ₹50L income. This calculator shows base tax + 4% cess. For incomes above ₹50L consult a CA for surcharge.

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