Income Tax Calculator
Calculate your Indian income tax under both old and new tax regime — instant, free, and private.
Calculate your tax under Old vs New regime with all deductions and rebates
Old Tax Regime
New Tax Regime
FY 2025-26 New Regime Slabs:
0-4L: 0% | 4-8L: 5% | 8-12L: 10% | 12-16L: 15% | 16-20L: 20% | 20-24L: 25% | Above 24L: 30%
Plus: Health & Education Cess @4%
Old Regime Results
New Regime Results
| Particulars | Old Regime | New Regime | Difference |
|---|---|---|---|
| Taxable Income | ₹0 | ₹0 | ₹0 |
| Income Tax | ₹0 | ₹0 | ₹0 |
| Health & Education Cess | ₹0 | ₹0 | ₹0 |
| Total Tax Payable | ₹0 | ₹0 | ₹0 |
| Effective Tax Rate | 0% | 0% | 0% |
Tax Breakdown Comparison
How to Use This Calculator
- Enter Your Income: Provide your gross annual income for the financial year 2025-26 in the respective fields.
- Add Deductions (Old Regime): For Old Regime, include eligible deductions like 80C, 80D, HRA, and LTA. In New Regime, the standard deduction of ₹75,000 is automatically applied.
- Calculate Tax: Click the "Calculate" button for each regime to compute your tax liability with all applicable rebates and cess.
- Compare Results: View the side-by-side comparison to determine which regime is more beneficial for you.
- Check Rebates: The calculator automatically applies rebate u/s 87A for qualifying incomes (up to ₹7 lakhs in New Regime, ₹5 lakhs in Old Regime).
- Review Cess: Health & Education Cess at 4% is calculated on the total tax liability.
Tax Saving Tips & Strategies
- Maximize 80C Deductions: Contribute to life insurance, PPF, ELSS mutual funds, or fixed deposits to maximize your ₹1.5 lakh limit.
- Health Insurance (80D): Take health insurance for yourself and family to get deductions up to ₹1 lakh depending on age.
- Choose the Right Regime: Compare both Old and New regimes annually. Choose based on your deductions eligibility.
- Home Loan Interest (80EH): If you have a home loan, claim interest deduction up to ₹5 lakhs in Old Regime.
- Education Loan Interest (80E): Full deduction on education loan interest with no limit in Old Regime.
- Donations (80G): Donations to registered charities are deductible up to 10% or 50% of gross income.
- Interest Income (80TTA): In Old Regime, up to ₹10,000 interest from savings accounts is deductible.
- SIP Investment: Invest in ELSS funds through SIP for both tax deduction and potential wealth creation.
Frequently Asked Questions
The Old Tax Regime offers multiple deductions (80C, 80D, HRA, LTA, etc.) but has higher tax rates. The New Tax Regime (effective from FY 2023-24) has lower tax rates but fewer deductions, with a standard deduction of ₹75,000. You need to compare both to see which benefits you more based on your deductions eligibility.
Rebate u/s 87A is a tax benefit for individuals with lower incomes. In the New Tax Regime, if your taxable income is up to ₹7 lakhs, you get full tax rebate (100% of tax). In Old Regime, this rebate applies for income up to ₹5 lakhs. This essentially means no tax liability for qualifying incomes.
Health & Education Cess is an additional 4% levied on your income tax. It's calculated on the total income tax liability after applying all deductions and rebates. For example, if your tax is ₹10,000, you'll pay ₹400 as cess, making total tax ₹10,400.
Section 80C provides a tax deduction up to ₹1.5 lakhs for specific investments like life insurance premiums, PPF, ELSS mutual funds, fixed deposits in certain banks, and children's tuition fees. This deduction is only available in the Old Tax Regime.
HRA deduction depends on three conditions: actual HRA received, 50% of basic salary (40% in metro cities), and actual rent paid minus 10% of salary. The lowest of these three is deductible. It's only available in Old Regime for salaried individuals living in rented accommodations.
LTA deduction is available only in the Old Tax Regime for actual travel expenses. You can claim it once in a calendar year, and for 4 consecutive calendar years, you can claim it on a second trip with your family. Keep travel tickets and accommodation receipts as proof.
If you have a home loan, Old Regime usually benefits more due to deductions like Section 80EH (home loan principal) and Section 24 (home loan interest up to ₹2 lakhs). New Regime doesn't allow these deductions. Compare both regimes with actual calculations before deciding.
Standard Deduction in New Tax Regime is a flat deduction of ₹75,000 available to all salaried individuals and pensioners without any documentation required. This is automatically applied and replaces all other deductions like HRA, LTA, and medical benefits.
