Tax Regime Calculator

Compare Old vs New Tax Regime & Find Maximum Savings

Annual Gross Income (₹)

Your total annual income before deductions

Applicable Deductions/Exemptions (for Old Regime)

HRA (House Rent Allowance)

Home Loan Interest (Section 24)

NPS Contribution (Section 80C)

Section 80C (Insurance, PPF, etc.)

Section 80D - Medical Insurance (Self)

Section 80D - Medical Insurance (Parents)

Section 80E (Education Loan Interest)

Section 80G (Charitable Donations)

Enter amounts for applicable deductions (Old Regime only)

Tax Regime Comparison

Old Tax Regime

Taxable Income

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Tax Amount

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Cess (4%)

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Total Tax Payable

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New Tax Regime

Taxable Income

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Tax Amount

₹ 0

Cess (4%)

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Total Tax Payable

₹ 0

New Tax Regime is Better!

Annual Tax Savings

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Understanding Tax Regimes in India

India offers two tax regimes for individual taxpayers: the Old Tax Regime and the New Tax Regime (introduced in FY 2020-21).

Old Tax Regime (Before FY 2023-24):

Allows various deductions and exemptions under sections 80C, 80D, 80E, 80G, etc.
Standard deduction of ₹50,000 for salaried individuals
More tax brackets and progressive taxation
Beneficial for those with significant deductible expenses

New Tax Regime (From FY 2023-24):

Lower tax rates compared to the old regime
Limited deductions and exemptions (except some like Section 80C for certain cases)
Simpler tax calculation with fewer brackets
More beneficial for individuals with lower deductible expenses
Now the default regime for new taxpayers

Tax Slabs FY 2025-26 (Old Regime):

Up to ₹2,50,000 - No tax
₹2,50,001 - ₹5,00,000 - 5%
₹5,00,001 - ₹10,00,000 - 20%
Above ₹10,00,000 - 30%
Section 87A Rebate: Up to ₹12,500 (Income up to ₹5 lakh is tax-free)
Standard Deduction: ₹50,000 for salaried individuals

Tax Slabs FY 2025-26 (New Regime):

Up to ₹4,00,000 - No tax
₹4,00,001 - ₹8,00,000 - 5%
₹8,00,001 - ₹12,00,000 - 10%
₹12,00,001 - ₹16,00,000 - 15%
₹16,00,001 - ₹20,00,000 - 20%
₹20,00,001 - ₹24,00,000 - 25%
Above ₹24,00,000 - 30%
Section 87A Rebate: Up to ₹60,000 (Income up to ₹12 lakh is tax-free)
Standard Deduction: ₹75,000 for salaried individuals

How to Use This Calculator:

Enter your annual gross income
Select applicable deductions (only for old regime)
Click "Calculate & Compare Tax" to see the comparison
View which regime saves you more tax
Use this information for strategic tax planning

Important Notes:

This calculator provides estimates and is for informational purposes only
Actual tax liability may vary based on specific circumstances
Consult a tax professional for personalized tax advice
Tax rules and rates are subject to change by government notification
Surcharge may apply for high-income individuals