Income Tax Calculator (India)
Old vs new regime side by side for FY 2025-26 with standard deduction, 80C/80D, rebate and cess.
TaxInputs
PPF, ELSS, EPF, life insurance — max ₹1,50,000
Results
Formula
- New regime: Taxable = Gross − ₹75,000 standard deduction
- Old regime: Taxable = Gross − ₹50,000 − 80C − 80D − 80CCD(1B) − HRA
- Tax = Σ (slab band × slab rate)
- Rebate u/s 87A: new ₹60,000 up to ₹12,00,000 · old ₹12,500 up to ₹5,00,000
- Total payable = (Tax − rebate) × 1.04 (4% health & education cess)
India runs two parallel personal tax systems. The new regime (default since FY 2023-24) has wider, lower slabs but disallows almost every deduction except the ₹75,000 standard deduction and employer NPS. The old regime keeps 80C, 80D, HRA and home-loan interest but taxes at steeper rates from ₹5 lakh. This calculator computes both and reports which one costs less for your exact deduction profile — the crossover usually sits near ₹3.75–4 lakh of total deductions.
Step-by-step Calculation
- 1.New regime taxable income
1,500,000 − 75,000₹1,425,000 - 2.New regime slab tax
400,000 @ 5% = 20,000 + 400,000 @ 10% = 40,000 + 225,000 @ 15% = 33,750₹93,750 - 3.Rebate u/s 87A (new)
not eligible₹0 - 4.Old regime taxable income
1,500,000 − 50,000 − 175,000₹1,275,000 - 5.Old regime slab tax
250,000 @ 5% = 12,500 + 500,000 @ 20% = 100,000 + 275,000 @ 30% = 82,500₹195,000 - 6.Health & education cess
tax × 4%₹3,750
Explained
Which regime should I pick?+
Compare the two totals below. High deductions (home loan interest, HRA, full 80C and 80D) favour the old regime; simple salary structures favour the new one.
Is the standard deduction available in the new regime?+
Yes — ₹75,000 for salaried taxpayers and pensioners under the new regime for FY 2025-26.
Assumptions
- • Slabs are FY 2025-26 (AY 2026-27).
- • Surcharge on income above ₹50 lakh is not applied.
- • Senior-citizen basic exemption applies only in the old regime (₹3 lakh / ₹5 lakh).
- • Salaried standard deduction: ₹75,000 new regime, ₹50,000 old regime.
Money Tips
- ◆If your deductions exceed roughly ₹4,00,000, the old regime usually wins — check the comparison below.
- ◆80CCD(1B) gives an extra ₹50,000 on top of 80C, but only under the old regime.
- ◆The regime can be switched each year by salaried taxpayers.
Warnings
- ▲This is a planning estimate. Capital gains, surcharge, relief u/s 89 and business income need a full computation.
- ▲Verify the current year's slabs before filing — they change with each Finance Act.
References & Standards
Results are planning estimates generated in your browser. Nothing you enter is uploaded or stored. Verify material decisions with your lender, adviser or chartered accountant.