Income Tax Calculator
Compare tax liability under Old and New regime for FY 2024-25
Income Details
Old Regime Deductions
Enter income details and click Calculate
| Details | Old Regime | New Regime |
|---|---|---|
| Gross Income | — | — |
| Total Deductions | — | — |
| Taxable Income | — | — |
| Base Tax | — | — |
| Surcharge | — | — |
| Health & Education Cess (4%) | — | — |
| Total Tax Payable | — | — |
| Monthly TDS | — | — |
Tax Savings with Better Regime
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How to Use
- Gross Income — enter your annual gross salary or business income.
- Deductions (Old Regime) — enter 80C investments, HRA, standard deduction, and other deductions if comparing old regime.
- Select Regime — choose Old or New (or compare both side-by-side).
- View Tax Breakdown — see taxable income, slab-wise tax, surcharge, cess, and net tax payable.
Income Tax in India — FY 2025-26 Overview
India has two income tax regimes for individual taxpayers: the Old Tax Regime (with deductions and exemptions) and the New Tax Regime (lower rates but no deductions). Since FY 2020-21, taxpayers can choose between them every year.
New Tax Regime Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Standard Deduction of ₹75,000 is available under the new regime from FY 2024-25 onwards. Tax rebate under Section 87A makes income up to ₹7,00,000 effectively tax-free under the new regime.
Old Tax Regime Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
4% Health and Education Cess is added on the calculated tax under both regimes. Surcharge applies on income above ₹50 lakh.
Old vs New Regime — Which is Better?
The new regime is generally better if your deductions are low (under ₹1.5–2 lakh). The old regime can save more tax if you have significant 80C investments, HRA exemption, home loan interest deduction (Section 24B), and NPS deduction (80CCD).
Use our calculator to enter your actual income and deductions and see the exact tax under both regimes instantly.