Income Tax Calculator FY 2025-26
Compare Old vs New Tax Regime
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Tax Comparison Results
Old Tax Regime
New Tax Regime
Recommended: Choose Based on Your Savings
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Detailed Tax Breakdown
Old Regime Breakdown
| Tax Slab | Rate | Tax Amount |
|---|---|---|
| Enter income details to see breakdown | ||
New Regime Breakdown
| Tax Slab | Rate | Tax Amount |
|---|---|---|
| Enter income details to see breakdown | ||
Income Tax Calculator FY 2025-26: Complete Guide
How to Use This Tax Calculator
Our comprehensive income tax calculator for FY 2025-26 helps you compare the old and new tax regimes to make an informed decision. Simply enter your gross annual income, basic salary for HRA calculation, and various deductions like 80C investments, medical insurance premiums, and home loan interest. The calculator automatically computes your tax liability under both regimes and shows which option saves you more money.
Latest Tax Slab Changes for FY 2025-26
The new tax regime for FY 2025-26 offers revised tax slabs with a higher standard deduction of ₹75,000 compared to ₹50,000 in the old regime. The new regime features simplified tax slabs starting from ₹4 lakh (previously ₹2.5 lakh), providing significant relief for middle-income taxpayers. The rebate under Section 87A has also increased to ₹25,000 for income up to ₹7 lakh, compared to ₹12,500 for income up to ₹5 lakh in the old regime.
New Regime Tax Slabs FY 2025-26:
- ₹0 to ₹4,00,000: 0% (No Tax)
- ₹4,00,001 to ₹7,00,000: 5%
- ₹7,00,001 to ₹10,00,000: 10%
- ₹10,00,001 to ₹12,00,000: 15%
- ₹12,00,001 to ₹15,00,000: 20%
- Above ₹15,00,000: 30%
Old Regime Tax Slabs FY 2025-26:
- ₹0 to ₹2,50,000: 0% (No Tax)
- ₹2,50,001 to ₹5,00,000: 5%
- ₹5,00,001 to ₹10,00,000: 20%
- Above ₹10,00,000: 30%
Tax Saving Tips for FY 2025-26
Choose the Right Regime: Compare both regimes using our calculator. Generally, if your total deductions exceed ₹1 lakh, the old regime might be beneficial. For those with minimal deductions, the new regime often provides better savings.
Maximize 80C Deductions: Invest up to ₹1.5 lakh in PPF, ELSS mutual funds, life insurance premiums, or Employee Provident Fund to reduce taxable income under the old regime.
Health Insurance Planning: Claim up to ₹25,000 for self and family health insurance under Section 80D, plus an additional ₹25,000 (₹50,000 for senior citizens) for parents’ health insurance.
NPS Investment: Additional deduction of ₹50,000 under Section 80CCD(1B) for National Pension System contributions, available only in the old regime.
Frequently Asked Questions
Q: Can I switch between old and new tax regimes every year?
A: Yes, salaried individuals can choose between old and new tax regimes annually while filing their income tax return. However, if you have business income, you can switch only once in your lifetime.
Q: Is HRA exemption available in the new tax regime?
A: No, HRA exemption is not available under the new tax regime. You can only claim HRA exemption if you opt for the old tax regime.
Q: Which regime is better for first-time taxpayers?
A: For first-time taxpayers with minimal investments and deductions, the new tax regime is usually more beneficial due to higher standard deduction and lower tax rates in initial slabs.
Q: How is professional tax treated in both regimes?
A: Professional tax paid to state governments is deductible from gross salary in both old and new tax regimes before calculating taxable income.
Related Tax Calculators
Explore our other financial calculators to optimize your tax planning:
- HRA Calculator – Calculate your House Rent Allowance exemption
- Salary Calculator – Calculate your take-home salary with all deductions
- SIP Calculator – Plan your systematic investment for wealth creation
- FD Calculator – Calculate fixed deposit maturity and interest
Benefits of Each Tax Regime
Old Tax Regime Benefits:
- Multiple deduction options under various sections
- HRA exemption for rent payments
- Home loan interest deduction up to ₹2 lakh
- Medical insurance premium deductions
- Investment-linked tax savings (80C, 80CCD1B)
New Tax Regime Benefits:
- Lower tax rates across most income slabs
- Higher standard deduction of ₹75,000
- Simplified tax calculation process
- Higher rebate limit under Section 87A
- No need to maintain investment proofs
Use our calculator regularly to stay updated with your tax liability and make informed financial decisions. The calculator considers all major deductions and provides accurate results based on the latest FY 2025-26 tax rules.