Income Tax Calculator (FY 2025-26)
Compare old vs new tax regime side-by-side with all standard deductions. Updated for AY 2026-27 slabs.
New Regime (default)
Old Regime
FY 2025-26 tax slabs (for reference)
New Regime (default)
| Up to Rs 4 lakh | 0% |
| Rs 4 - 8 lakh | 5% |
| Rs 8 - 12 lakh | 10% |
| Rs 12 - 16 lakh | 15% |
| Rs 16 - 20 lakh | 20% |
| Rs 20 - 24 lakh | 25% |
| Above Rs 24 lakh | 30% |
Old Regime
| Up to Rs 2.5 lakh | 0% |
| Rs 2.5 - 5 lakh | 5% |
| Rs 5 - 10 lakh | 20% |
| Above Rs 10 lakh | 30% |
Frequently asked questions
Which regime should I choose - old or new?
Use new regime if you have low deductions (less than Rs 2.5 lakh including 80C, 80D, HRA, home loan). Use old regime if you maximise deductions — typical breakeven is around Rs 4 lakh in deductions for an Rs 15 lakh salary. The calculator above shows the cleaner pick for your specific income/deductions.
Is standard deduction available in both regimes?
Yes — standard deduction of Rs 75,000 (new regime, FY 2025-26) and Rs 50,000 (old regime). It is auto-applied to salary income; no documentation needed.
What is included in 80C deduction?
EPF, PPF, ELSS mutual funds, life insurance premium, NSC, tax-saving FDs (5-year), Sukanya Samriddhi (girl child), tuition fees for 2 children, home loan principal repayment. Combined cap of Rs 1.5 lakh per year.
Can I switch between old and new regime every year?
Salaried employees: yes, switch every year while filing ITR. Business / professional income: switch is one-way (back to old requires losing the option permanently for new). Choose carefully if self-employed.
Are LTA, food coupons, telephone bills tax-free in new regime?
No — most exemptions like LTA, food vouchers, professional tax, child education allowance are only available in old regime. New regime trades these for lower flat tax slabs.