🇮🇳 India · FY 2025-26

Income Tax Calculator India

New regime vs old regime · Salary + HRA + 80C · Take-home pay · FY 2025-26 (AY 2026-27)

New Tax Regime

₹0

calculating...

Old Tax Regime

₹0

calculating...

Monthly Take-Home

₹0

best regime

Annual Tax

₹0

selected regime

You Save

₹0

vs other regime

Your Income

Annual CTC / Gross Salary

₹

Enter your total annual salary (CTC)

Age Group

Basic Salary / year

₹

Usually 40–50% of CTC

HRA Received / year

₹

House Rent Allowance from employer

Old Regime Deductions (not applicable in new regime)

📋 Enter your deductions to compare regimes accurately

80C (PPF, ELSS, LIC etc.)

₹

Max ₹1,50,000

80D (Health Insurance)

₹

Self: ₹25K, Parents: ₹25K extra

Home Loan Interest (24b)

₹

Max ₹2,00,000 for self-occupied

NPS — 80CCD(1B)

₹

Additional ₹50,000 over 80C

Actual Rent Paid / year

₹

For HRA exemption calculation

City

Gross Income

—

Total Tax + Cess

—

Net Take-Home / yr

—

Monthly Take-Home

—

Effective Tax Rate

—

You Save vs Other

—

Tax Breakdown — New Regime

Gross Income—

Standard Deduction—

Taxable Income—

Income Tax—

Health & Education Cess (4%)—

Total Tax Liability—

Annual Take-Home—

FY 2025-26 Tax Slabs — New Regime

Income Slab	Tax Rate	Tax on Slab

Based on FY 2025-26 tax slabs. Rebate u/s 87A applied where applicable. This is an estimate — actual tax may vary based on other income, exemptions, and perquisites. Consult a CA for accurate tax filing.

New Tax Regime vs Old Tax Regime — Which Is Better For You?

From FY 2023-24, the New Tax Regime became the default regime in India. It offers lower slab rates but removes most deductions and exemptions. The Old Regime has higher rates but allows deductions like 80C, HRA, and home loan interest. The right choice depends entirely on how many deductions you can claim.

New Tax Regime — FY 2025-26 Slabs

₹0 – ₹3,00,000 — Nil
₹3,00,001 – ₹7,00,000 — 5% (Rebate u/s 87A — zero tax up to ₹7L)
₹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: ₹75,000 (increased from ₹50,000 in Budget 2024)

Old Tax Regime — FY 2025-26 Slabs

₹0 – ₹2,50,000 — Nil
₹2,50,001 – ₹5,00,000 — 5% (Rebate u/s 87A — zero tax up to ₹5L)
₹5,00,001 – ₹10,00,000 — 20%
Above ₹10,00,000 — 30%
Standard Deduction: ₹50,000
Allows: 80C (₹1.5L), 80D, HRA, 24b home loan, NPS (₹50K), and more

When Old Regime Is Better

You have maximum 80C investments (₹1.5L in PPF, ELSS, LIC, EPF)
You're paying rent and claiming HRA exemption
You have a home loan and claiming interest deduction u/s 24b
You have NPS contributions claiming ₹50,000 u/s 80CCD(1B)
Total deductions exceed ₹3.75 lakh — old regime almost always wins above this

When New Regime Is Better

You have minimal or no investments/deductions to claim
You're a young earner just starting out with no home loan or insurance
Income is below ₹7 lakh — zero tax under new regime due to 87A rebate
You prefer simplicity and lower compliance burden

Frequently Asked Questions

Can I switch between new and old regime every year?

Yes — salaried employees can switch between the new and old tax regime every financial year at the time of filing their ITR. However, if you have business income, switching back from new to old regime is allowed only once in a lifetime. For salaried individuals, you can also inform your employer at the beginning of the year which regime to use for TDS deduction purposes.

Is HRA exemption available in the new tax regime?

No. HRA exemption is not available under the new tax regime. It is only available under the old regime. This is often the biggest single reason why people earning in metro cities with high rent continue to prefer the old regime — the HRA exemption can be worth ₹1–3 lakhs depending on your salary and rent.

What is the rebate under Section 87A?

Section 87A provides a tax rebate to reduce your final tax liability to zero if your net taxable income is within the threshold. Under the new regime for FY 2025-26, the rebate covers net taxable income up to ₹7,00,000 — meaning zero tax is payable even though slabs apply. Under the old regime, the rebate threshold is ₹5,00,000. This rebate is not available on special rate incomes like capital gains.

Is EPF (Employee Provident Fund) deductible?

EPF employee contribution is part of 80C deductions (max ₹1.5 lakh) and is only deductible under the old tax regime. Under the new regime, no 80C deductions are allowed. However, EPF maturity and interest remain tax-free under both regimes as long as the EPF rules are followed (5+ years of service, contribution within limits).

🇮🇳 India Calculators