Income Tax Calculator
FY 2025-26 (AY 2026-27) · Old vs New Regime · Budget 2025 Updated
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Budget 2025 Update
No income tax up to ₹12 Lakhs under New Regime (with ₹75,000 standard deduction). Rebate u/s 87A increased to ₹60,000.
Income & Deductions
Annual Gross Salary (₹)
HRA Received/year (₹)
Annual Rent Paid (₹)
City
Metro Mumbai/Delhi/Chennai/Kolkata
Non-Metro All other cities
Section 80C (₹, max 1.5L)
Health Insurance 80D (₹)
Home Loan Interest 24(b) (₹)
Age Group
Old Regime
₹0
Annual tax
₹0/month TDS
New Regime BETTER
₹0
Annual tax
Calculating...
New Regime Tax Slabs FY 2025-26
Up to ₹4LNil
₹4L – ₹8L5%
₹8L – ₹12L10%
₹12L – ₹16L15%
₹16L – ₹20L20%
₹20L – ₹24L25%
Above ₹24L30%
New Regime Calculation
Gross Salary₹0
Standard Deduction− ₹75,000
Taxable Income₹0
Income Tax₹0
Rebate u/s 87A− ₹0
Health & Education Cess 4%₹0
Total Tax Payable₹0
Old Regime Deductions
Standard Deduction− ₹50,000
HRA Exemption− ₹0
80C Investments− ₹0
80D Health Insurance− ₹0
24(b) Home Loan Interest− ₹0
Total Deductions− ₹0
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Frequently Asked Questions
Old regime allows deductions like 80C, HRA, 80D etc. New regime offers lower slab rates but most deductions are removed. This calculator computes both and shows which is better for you.
₹75,000 is available as standard deduction under the new tax regime for FY 2025-26 (Budget 2024 update). The old regime continues with ₹50,000.
Section 80C allows deductions up to ₹1.5 lakh per year on investments like PPF, ELSS, LIC premium, NSC, home loan principal repayment, and tuition fees.
A surcharge is levied if your income exceeds ₹50 lakh. It is 10% for income between ₹50L–₹1Cr, 15% for ₹1Cr–₹2Cr, 25% for ₹2Cr–₹5Cr, and 37% for above ₹5Cr (old regime).
Yes. If you are salaried and pay rent, the exempted HRA amount reduces your taxable income under the old regime. Under the new regime, no HRA exemption is available.