Income Tax Calculator FY 2025-26
Calculate tax liability under Old vs New Tax Regime with updated slabs for FY 2025-26 (AY 2026-27)
Includes ₹75,000 standard deduction for New Regime
Income & Deductions
Total salary/business income before deductions
₹50,000 for salaried employees
PPF, ELSS, LIC, etc. (Max ₹1.5L)
Max ₹25K (self) + ₹25K (parents)
House Rent Allowance exemption
Max ₹2L deduction
80E, 80G, NPS 80CCD(1B), etc.
Recommended Regime
New Tax Regime
Tax Savings
₹26,000
Lower Tax by
2.6%
Old Tax Regime
Gross Income₹10,00,000
Total Deductions-₹2,25,000
Taxable Income₹7,75,000
Tax Liability₹70,200
Effective Tax Rate7.0%
In-Hand Income₹9,29,800
Tax Slabs (Old Regime):
• Up to ₹2.5L: Nil
• ₹2.5L - ₹5L: 5%
• ₹5L - ₹10L: 20%
• Above ₹10L: 30%
New Tax Regime
Better
Gross Income₹10,00,000
Standard Deduction-₹75,000
Taxable Income₹9,25,000
Tax Liability₹44,200
Effective Tax Rate4.4%
In-Hand Income₹9,55,800
Tax Slabs (New Regime):
• Up to ₹3L: Nil
• ₹3L - ₹7L: 5%
• ₹7L - ₹10L: 10%
• ₹10L - ₹12L: 15%
• ₹12L - ₹15L: 20%
• Above ₹15L: 30%
Key Differences FY 2025-26
Old Regime:
- ✓ All deductions allowed (80C, 80D, HRA, etc.)
- ✓ Standard deduction ₹50,000
- ✓ Better for high deductions
- ✗ Higher tax rates
New Regime:
- ✓ Lower tax rates
- ✓ Standard deduction ₹75,000 (NEW!)
- ✓ No tax up to ₹7L (with rebate)
- ✗ No other deductions
What's New in FY 2025-26?
✨
Standard Deduction ₹75K
New regime now allows ₹75,000 standard deduction (up from ₹50,000 in old regime)
🎯
Zero Tax up to ₹7L
With 87A rebate, income up to ₹7 lakh is completely tax-free in new regime
📊
Default Regime
New tax regime is now the default option unless you opt for old regime
Which Regime Should You Choose?
Choose OLD Regime if:
- • You have high 80C investments (₹1.5L+)
- • You pay significant HRA
- • You have home loan interest deduction
- • Total deductions exceed ₹2.5L
Choose NEW Regime if:
- • You have minimal deductions
- • Your income is below ₹10L
- • You prefer simplicity over planning
- • You want lower tax rates