FY 2025-26 · Old vs New Regime

Income Tax Calculator —
Old vs New Regime Comparison

Calculate your exact income tax for FY 2025-26. Compare both regimes side by side and find out which one saves you more money. This calculator is built for Indian investors and taxpayers using the latest rules from the Income Tax Act, SEBI regulations, EPFO guidelines, and RBI circulars applicable for FY 2025-26. All results update instantly in your browser with no data transmitted to our servers. Use the inputs to model your specific scenario, then compare against the current year limits and rates shown on the Income Tax Department portal at incometax.gov.in. This calculator follows the exact mathematical formulas prescribed by the Income Tax Act, SEBI regulations, EPFO guidelines, RBI circulars, and AMFI rules for FY 2025-26. Results update instantly in your browser. No data is stored or transmitted. Use these results as a planning baseline and consult a SEBI-registered investment adviser or Chartered Accountant for decisions involving significant amounts. The most accurate and current tax rates are available on the Income Tax Department portal at incometax.gov.in and the GST portal at gst.gov.in.

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New Regime is now the default. Old Regime benefits from deductions (80C, HRA, home loan interest). This calculator shows the tax under both and highlights the winner.
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Your Income Details (FY 2025-26)
Annual Gross Salary / Income
12,00,000
₹3L₹1 Cr
80C Deductions (ELSS/PPF/EPF)
1,50,000
₹0₹1.5L (max)
HRA Exemption
0
₹0₹6L
Home Loan Interest (Sec 24b)
0
₹0₹2L (max)
NPS 80CCD(1B)
0
₹0₹50K (max)
Other Deductions (80D, etc.)
0
₹0₹2L
New Tax Regime
Default from FY 2024-25 · No deductions
₹0
total tax + cess
Taxable Income₹0
Basic Tax₹0
Surcharge₹0
Health & Ed. Cess (4%)₹0
Effective Tax Rate0%
Monthly Take-Home₹0
Old Tax Regime
With deductions & exemptions
₹0
total tax + cess
Taxable Income₹0
Basic Tax₹0
Surcharge₹0
Health & Ed. Cess (4%)₹0
Effective Tax Rate0%
Monthly Take-Home₹0
Tax Slab Breakdown
New Regime Slabs (FY 2025-26)
Income SlabTax Rate
Up to ₹3,00,000Nil
₹3,00,001 – ₹7,00,0005%
₹7,00,001 – ₹10,00,00010%
₹10,00,001 – ₹12,00,00015%
₹12,00,001 – ₹15,00,00020%
Above ₹15,00,00030%
Rebate u/s 87A: Tax nil if income ≤ ₹7L (New) / ≤ ₹5L (Old)
Old Regime Slabs (FY 2025-26)
Income SlabTax Rate
Up to ₹2,50,000Nil
₹2,50,001 – ₹5,00,0005%
₹5,00,001 – ₹10,00,00020%
Above ₹10,00,00030%
Standard Deduction: ₹50,000 for salaried employees in Old Regime
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Old vs New Regime Tax Comparison
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Old vs New Tax Regime — Decision Guide

Which tax regime is better — old or new in 2026?+
Generally: New Regime wins if your deductions are low. Old Regime wins if you have high deductions (HRA, home loan interest, 80C). The break-even point varies by income. At ₹12 lakh salary: if you can claim deductions above ₹3.75 lakh, Old Regime saves tax. Below ₹3.75 lakh in deductions, New Regime is better. Use this calculator to find your personal break-even based on your actual deductions.
What deductions are available in Old Regime?+
Old Regime key deductions: Section 80C (₹1.5L) — ELSS, PPF, EPF, NSC, LIC, home loan principal. Section 80D — health insurance premium (₹25K self, ₹25K parents). Section 24(b) — home loan interest (₹2L). HRA — house rent allowance (40–50% of basic). Section 80CCD(1B) — NPS extra ₹50K. Standard Deduction — ₹50K for salaried. Section 80TTA/TTB — savings interest (₹10K/₹50K senior citizens). LTA — leave travel allowance (2 journeys in 4 years).
What is the Section 87A tax rebate?+
Section 87A provides a full tax rebate if your net taxable income is below a threshold: Old Regime — rebate up to ₹12,500 if taxable income ≤ ₹5 lakh (meaning zero tax). New Regime — rebate up to ₹25,000 if taxable income ≤ ₹7 lakh (zero tax). This means: if your taxable income after deductions (Old) or gross income (New) is within these limits, you pay zero income tax. This is a crucial consideration for optimising your tax filing.
Can I switch between old and new tax regime every year?+
For salaried employees: Yes, you can switch between Old and New Regime every financial year when filing ITR. Inform your employer at the start of the year for TDS purposes; if you don't inform them, they default to New Regime. For business income taxpayers: You can only switch once — after switching to Old Regime, you cannot go back to New Regime (with exceptions). File Form 10-IE before your ITR due date to opt for the Old Regime for that year.
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Tax calculations are based on FY 2025-26 rates. This is for educational purposes only — consult a CA for your actual tax filing.

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