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Income Tax Calculator — Old vs New Regime

Enter your income and deductions to compare tax under both regimes for FY 2025-26 and FY 2024-25, and see which one saves you more.

Basic details
Income details
Capped at ₹2,00,000; reduces house property income.
Interest, dividends, etc.
Taxed at 12.5% above the ₹1,25,000 exemption.
Property, gold, debt, etc. Taxed at 12.5%.
Deductions & exemptions (old regime)

These lower tax under the old regime only — the new regime ignores them.

EPF, PPF, ELSS, life insurance, etc. Capped at ₹1,50,000.
Capped at ₹25,000 (₹50,000 if senior).
Capped at ₹50,000.

How the calculator works

The calculator computes your tax under both the old and the new regime. Under the new regime it applies the revised slabs, a ₹75,000 standard deduction for salaried taxpayers and the enhanced section 87A rebate, but ignores most deductions. Under the old regime it applies the ₹50,000 standard deduction, your HRA exemption and Chapter VI-A deductions (80C, 80D, 80CCD(1B)), then the older slab rates.

Surcharge with marginal relief and the 4% health & education cess are added on top, and long-term capital gains are taxed separately at their special rate. The regime with the lower total tax is highlighted as your recommendation.

Old regime vs new regime — which is better?

There is no single answer: it depends on how many deductions you actually claim. If you invest in 80C instruments, pay for health insurance, claim HRA and pay home loan interest, the old regime can win. If you claim few deductions, the new regime’s lower slab rates and larger rebate usually come out ahead. Run your own numbers above rather than relying on a rule of thumb.

Frequently asked questions

Which financial years does this calculator cover?
It covers FY 2025-26 (AY 2026-27) and FY 2024-25 (AY 2025-26), including the revised new-regime slabs and the enhanced section 87A rebate.
Is income up to ₹12,75,000 really tax-free under the new regime?
For a salaried taxpayer in FY 2025-26, the ₹75,000 standard deduction plus the section 87A rebate on income up to ₹12,00,000 mean tax works out to nil at that level. The calculator applies this automatically.
How is HRA exemption calculated?
It is the least of: the actual HRA received, rent paid minus 10% of basic salary, and 50% of basic salary in metros (40% elsewhere). Enter your basic salary, HRA received and rent paid in the deductions section.
Are capital gains included?
Long-term capital gains on listed equity (section 112A) and on other assets (section 112) are taxed separately at 12.5% and added to your total under both regimes. Short-term capital gains are not yet handled.