What are the FY 2025-26 new regime slabs?

0–3L nil · 3–7L @ 5% · 7–10L @ 10% · 10–12L @ 15% · 12–15L @ 20% · >15L @ 30%. Standard deduction ₹75,000. Section 87A rebate makes tax zero if taxable income ≤ ₹7 lakh.

Can I switch between regimes every year?

Salaried individuals — yes, can switch every year when filing ITR. Business/professional income — you can switch once to new regime, then back once. After that, locked.

Is this calculator officially accurate?

It uses official Budget 2024 slabs and rebate rules. For simplicity it assumes standard deduction applies (salaried) and doesn't cover edge cases like surcharge on very high incomes, marginal relief, or specific state taxes. For exact filing, use the Income Tax portal.

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Income Tax Calculator — Old vs New Regime (FY 2025-26)

Compare old vs new tax regime for FY 2025-26. Instantly see which saves more. Updated with Budget 2024 slabs & standard deduction.

Inputs

Gross annual income₹15.00 L

₹1.00 L₹5.00 Cr

Section 80C deductions (EPF, PPF, ELSS, LIC)₹1.50 L

₹0₹1.50 L

Extra NPS (80CCD-1B)₹50,000

₹0₹50,000

HRA exemption₹0

₹0₹20.00 L

Other deductions (80D, 80E, home loan interest)₹0

₹0₹5.00 L

Result

Tax — New regime

₹1.30 L

Tax — Old regime

₹1.95 L

New regime saves

₹65,000

Taxable (New)

₹14.25 L

Taxable (Old)

₹12.50 L

About the Tax Calculator

India now has two income tax regimes. The new regime (introduced 2020, enhanced in Budget 2024) has lower rates but strips away most deductions. The old regime has higher rates but lets you claim 80C, HRA, home loan interest, NPS, medical insurance, etc.

For FY 2025-26, income up to ₹7 lakh effectively pays zero tax under the new regime (via Section 87A rebate + standard deduction). This has pushed most salaried taxpayers toward the new regime.

This calculator compares both regimes side-by-side using your gross income and deductions. Tip: ignore HRA in the comparison if you're choosing new regime — you can't claim it there anyway.

Tax — Frequently asked questions

New regime wins if you have fewer deductions. Break-even: if your total deductions (80C + HRA + NPS + home loan interest + medical insurance) exceed about ₹4 lakh, old regime usually saves more. Below that, new regime is simpler and cheaper.

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