Income Tax Calculator FY 2025-26 — Old vs New Regime
Calculate income tax for FY 2025-26 — compare old regime vs new regime instantly. Free online income tax calculator with 80C, HRA, NPS deductions.
How to Use
- Enter your annual gross income (before any deductions).
- Select your age category — affects basic exemption limit under old regime.
- Enter deductions: 80C investments (max ₹1.5L), HRA exemption, 80D health insurance, NPS (80CCD, max ₹50K), and other deductions.
Formula
New Regime FY 2025-26 (Budget 2025): 0–₹4L: 0% | ₹4–8L: 5% | ₹8–12L: 10% | ₹12–16L: 15% | ₹16–20L: 20% | ₹20–24L: 25% | >₹24L: 30%
Standard Deduction New Regime: ₹75,000 | Rebate u/s 87A: Zero tax if taxable income ≤ ₹12L
Old Regime: 0–₹2.5L: 0% | ₹2.5–5L: 5% | ₹5–10L: 20% | >₹10L: 30%
Standard Deduction Old Regime: ₹50,000 | Rebate u/s 87A: Zero tax if income ≤ ₹5L
Cess: 4% on total tax for both regimes
Example Calculation
Example: ₹12,00,000 income with ₹1.5L 80C + ₹25K 80D
| Old Regime | New Regime | |
|---|---|---|
| Gross Income | ₹12,00,000 | ₹12,00,000 |
| Standard Deduction | ₹50,000 | ₹75,000 |
| 80C + 80D | ₹1,75,000 | — |
| Taxable Income | ₹9,75,000 | ₹11,25,000 |
| Tax Before Cess | ₹1,12,500 | ₹1,12,500 |
| Total Tax | ₹1,17,000 | ₹1,17,000 |
Frequently Asked Questions
New regime is better if your total deductions (80C + HRA + 80D + NPS etc.) are less than ₹3.75 lakh for income above ₹15 lakh. Old regime is better with high deductions. Use this calculator to compare both instantly.
Budget 2025 made the new regime more attractive: (1) Zero tax for income up to ₹12 lakh via revised 87A rebate, (2) Standard deduction increased to ₹75,000, (3) Revised tax slabs starting from ₹4 lakh.
Under the new regime, if your taxable income (after standard deduction) is ₹12 lakh or less, you get a full tax rebate — effectively zero tax. Under old regime, rebate is ₹12,500 for taxable income up to ₹5 lakh.
New regime allows: Standard deduction ₹75,000, employer NPS contribution (80CCD(2)), and family pension standard deduction. Most other deductions (80C, HRA, 80D, home loan interest) are NOT allowed.
For salaried individuals (non-audit), ITR deadline is July 31. Late filing attracts fees: ₹1,000 for income below ₹5L, ₹5,000 for income above ₹5L. Belated return can be filed by December 31.
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