Income Tax Calculator
Calculate your income tax for FY 2025-26. Compare old and new tax regimes to choose the best option for maximum savings.
PPF, ELSS, LIC, EPF
80CCD(1B), 80E, etc.
Old Regime Tax
₹0
With all deductions
New Regime Tax
₹0
Lower rates, no deductions
Better Option
Save ₹0
Income Tax Calculator Guide
An Income Tax Calculator helps you estimate your tax liability based on your income, deductions, and the tax regime you choose. With the new tax regime introduced, it's crucial to compare both options to maximize your savings.
Old vs New Tax Regime (FY 2025-26)
Old Tax Regime (with deductions)
- Up to ₹2,50,000: Nil
- ₹2,50,001 to ₹5,00,000: 5%
- ₹5,00,001 to ₹10,00,000: 20%
- Above ₹10,00,000: 30%
- Allows deductions under 80C, 80D, HRA, etc.
New Tax Regime (lower rates, no deductions)
- Up to ₹3,00,000: Nil
- ₹3,00,001 to ₹7,00,000: 5%
- ₹7,00,001 to ₹10,00,000: 10%
- ₹10,00,001 to ₹12,00,000: 15%
- ₹12,00,001 to ₹15,00,000: 20%
- Above ₹15,00,000: 30%
- No deductions except standard deduction of ₹50,000
Common Tax Deductions
- Section 80C: Up to ₹1,50,000 (PPF, ELSS, LIC, EPF)
- Section 80D: Up to ₹25,000 for health insurance (₹50,000 for senior citizens)
- HRA: House Rent Allowance exemption
- Section 80CCD(1B): Additional ₹50,000 for NPS
- Home Loan Interest: Up to ₹2,00,000 under Section 24
Which Regime to Choose?
Choose Old Regime if: You have significant investments and deductions (HRA, 80C, 80D, home loan). Typically beneficial for income above ₹10 lakh with ₹2+ lakh deductions.
Choose New Regime if: You have minimal deductions and investments. Usually better for income below ₹8 lakh or if you don't claim many deductions.
💡 Pro Tip:
Use this calculator to compare both regimes every financial year. The better option can change based on your income, investments, and life stage. Many salaried employees benefit from the old regime due to HRA and 80C deductions.