Income Tax Calculator
Compare Old vs New tax regime side by side. Includes 80C, 80D, HRA deductions and rebate under Section 87A.
Income & Deductions
FY 2025-26 (AY 2026-27) · Includes standard deduction & 87A rebate
Old regime only — PPF, ELSS, LIC, EPF, etc.
Old regime only
Old regime only
Old regime only — 80E, 80G, home loan interest, etc.
Standard deduction applied automatically: Old ₹50,000 · New ₹75,000
Tax Payable (New Regime)
₹0
You save ₹86,840 vs the other regime
Old Regime
Taxable: ₹8,55,000 · Std. ded. ₹50,000
Total Tax
₹86,840
Tax ₹83,500 + Cess ₹3,340
New Regime
BetterTaxable: ₹11,25,000 · Std. ded. ₹75,000
Total Tax
₹0
Tax ₹0 + Cess ₹0
You save ₹86,840 with the New Regime
New regime: zero tax via §87A rebate (taxable income ≤ ₹12L)
About Income Tax Calculator
India’s income-tax regime choice (old vs new) can change your annual tax bill by tens of thousands of rupees depending on deductions. This calculator compares illustrative tax under both regimes for the income and deduction inputs you provide so you can plan — not file — your return.
What this tax calculator does
It estimates tax under commonly modelled old-regime deduction paths versus the new regime’s slab structure (as coded for the tool). Use it after salary revisions, when considering 80C/80D/HRA/home-loan interest, or when your employer asks which regime to declare.
How to use it
Enter income and the deductions that apply to your situation. Compare tax under both regimes and note which is lower for that scenario. Re-run when inputs change mid-year.
Worked thinking
High 80C + 80D + housing interest often still favours the old regime for some salaried taxpayers; others with fewer deductions pay less under the new regime. There is no universal winner — the comparison is the point.
Assumptions and limitations
Tax law, surcharge, cess, and rebate rules change with Finance Acts. Capital gains, business income complexity, and AIS mismatches are out of scope. File using official utilities or a CA with Form 16 and AIS.
Related learning guides
Frequently Asked Questions
- What does this income tax calculator compare?
- It estimates tax under India’s old and new regimes for the inputs you enter so you can see which may cost less.
- Are surcharge and cess included?
- The tool aims to reflect common slabs and cess used in the calculator logic. Verify against the latest Finance Act / IT portal.
- Should salaried people always choose the new regime?
- Not always. If you have large 80C, 80D, HRA, or home-loan interest claims, old regime can still win. Run both scenarios.
- Does this replace filing on the income tax portal?
- No. Use it for planning. File returns with Form 16, AIS, and the official utilities or your CA.
- Are capital gains covered here?
- This page focuses on income-tax regime comparison. Use dedicated CGT tools or a CA for equity, debt, and property gains.