Income Tax Calculator (FY 2025-26)

Compare your tax liability between the New Regime and Old Regime. Find out which one saves you more money.

Tax Calculator

Income Details

Deductions

N/A in New Regime

Max limit: ₹1,50,000

Tax Summary

Taxable Income₹0
Income Tax₹0
Cess (4%)₹0
Total Tax₹0
Take Home Salary / Year
₹0
~ ₹0 / month

Tax Slabs (New Regime)

0 - 4 Lakhs Nil
4 - 8 Lakhs 5%
8 - 12 Lakhs 10%
12 - 16 Lakhs 15%
Above 16 Lakhs 30%
Standard Deduction: ₹60,000

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Understanding Income Tax Regimes (2026)

New Tax Regime (Default)

The New Regime offers lower tax rates but fewer deductions. It is designed to be simpler and puts more money in the hands of taxpayers who do not have many investments.

  • No Tax up to ₹12 Lakhs: With rebate u/s 87A, taxable income up to ₹12L is effectively tax-free.
  • Standard Deduction: Increased to ₹60,000 for salaried employees.
  • No Deductions: Cannot claim 80C, 80D, HRA etc.

Old Tax Regime

The Old Regime continues to allow various exemptions and deductions. It is beneficial if you have significant investments and expenses like Home Loan, Insurance, etc.

  • High Deductions: Claim 80C (1.5L), 80D, HRA, Home Loan Interest (2L).
  • Standard Deduction: ₹50,000 is available.
  • Rebate Limit: Tax-free only up to ₹5 Lakhs taxable income.

Which regime should I choose?

Generally, if your total deductions (80C + 80D + HRA + Home Loan) are less than ₹3.75 Lakhs, the New Regime is usually more beneficial. However, if you have high HRA and Home Loan interest, the Old Regime might save you more tax. Use the calculator above to compare exactly.