Income Tax Calculator India
Calculate your tax for FY 2025-26 under both new and old regime. Enter your deductions and instantly see which regime saves you more.
Annual Income & Type
₹1.20L
Standard deduction auto-applied: ₹75,000 (new regime) · ₹50,000 (old regime)
Old Regime Deductions
Used only for the old regime comparison. New regime ignores these.
New Regime
BetterStd. ded. ₹75,000 applied. 87A rebate if taxable ≤ ₹12L.
Old Regime
Std. ded. ₹50,000 applied. 87A rebate if taxable ≤ ₹5L.
New Regime saves you ₹111.8K/year
Choose the New Regime while filing your ITR to save ₹9.3K/month in tax.
FY 2025-26 (AY 2026-27) · New regime slabs per Budget 2025 · Surcharge not included for incomes below ₹50L · Not a substitute for professional tax advice. Consult a CA for your exact liability.
Frequently Asked Questions
What are the new regime tax slabs for FY 2025-26?
Under the new tax regime (Budget 2025), the slabs are: ₹0–4L (0%), ₹4L–8L (5%), ₹8L–12L (10%), ₹12L–16L (15%), ₹16L–20L (20%), ₹20L–24L (25%), above ₹24L (30%). A full rebate under Section 87A applies if taxable income does not exceed ₹12L, making the effective tax zero. The standard deduction for salaried individuals is ₹75,000.
What are the old regime tax slabs for FY 2025-26?
The old regime retains the traditional slabs: ₹0–2.5L (0%), ₹2.5L–5L (5%), ₹5L–10L (20%), above ₹10L (30%). The standard deduction for salaried individuals is ₹50,000. A rebate under Section 87A is available if net taxable income is ₹5L or below (rebate capped at ₹12,500). The old regime allows deductions under 80C, 80D, HRA, home loan interest, and others.
Which tax regime is better — new or old?
It depends on your deductions. If your total eligible deductions (80C ₹1.5L + standard deduction ₹50K + 80D + HRA + home loan etc.) significantly exceed the new regime's standard deduction of ₹75K, the old regime may yield lower tax. For most salaried employees without large HRA exemptions or home loan interest, the new regime is now often cheaper. Use this calculator to compare both for your specific situation.
What is the standard deduction for salaried employees?
For FY 2025-26, salaried employees get a standard deduction of ₹75,000 under the new tax regime and ₹50,000 under the old tax regime. This is a flat deduction from gross salary before computing tax — no proof or documentation is needed. It was introduced to simplify tax filing and give relief to salaried individuals.
Does this calculator include surcharge and cess?
Health & Education Cess of 4% is included in the calculations. Surcharge is applicable for incomes above ₹50L (10% surcharge), ₹1Cr (15%), ₹2Cr (25%), and ₹5Cr (37% under old regime, capped at 25% under new). This calculator does not include surcharge — if your income exceeds ₹50L, consult a CA for accurate tax computation.