Income Tax Calculator
Compare your tax liability under old and new regimes for the current assessment year. Enter your income and deductions to see which regime saves you more.
FY 2025-26 (AY 2026-27)
Old Regime
Gross Total Income₹0
Net Taxable Income₹0
Tax on Normal Income₹0
Add: Cess @ 4%₹0
TOTAL TAX PAYABLE₹0
Effective Tax Rate0.00%
New Regime
BETTERGross Total Income₹0
Net Taxable Income₹0
Tax on Normal Income₹0
Add: Cess @ 4%₹0
TOTAL TAX PAYABLE₹0
Effective Tax Rate0.00%
This calculator is for estimation purposes only. Please consult a tax professional for exact computation. Tax rates are for FY 2025-26 (AY 2026-27).
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Frequently Asked Questions
The old regime allows deductions like 80C, 80D, HRA, and LTA but has higher slab rates. The new regime offers lower slab rates with almost no deductions. For most people earning above Rs 15 lakh without significant deductions, the new regime is better.
Under the new regime: up to Rs 3 lakh is nil, Rs 3-7 lakh at 5%, Rs 7-10 lakh at 10%, Rs 10-12 lakh at 15%, Rs 12-15 lakh at 20%, and above Rs 15 lakh at 30%. The old regime slabs remain: up to Rs 2.5 lakh nil, Rs 2.5-5 lakh at 5%, Rs 5-10 lakh at 20%, above Rs 10 lakh at 30%.
Yes, salaried individuals can choose between old and new regime every financial year. However, business income taxpayers who switch to the old regime can do so only once in their lifetime.
From FY 2024-25, a standard deduction of Rs 75,000 is available under the new tax regime for salaried individuals and pensioners. This is the only major deduction available in the new regime apart from NPS employer contribution.
Yes, surcharge applies on income above Rs 50 lakh: 10% for Rs 50L-1Cr, 15% for Rs 1Cr-2Cr, 25% for Rs 2Cr-5Cr, and 37% above Rs 5Cr (capped at 25% under new regime). Health and education cess of 4% applies on tax plus surcharge.