Which tax regime is better — New or Old Regime for FY 2025-26?

It depends on your deductions. If your total deductions (80C, 80D, HRA etc.) exceed approximately Rs. 3.75 lakh, the Old Regime is usually better. For most salaried employees with fewer deductions, the New Regime results in lower tax. Use this calculator to compare both and find which saves you more.

Is income up to Rs. 12 lakh tax-free in FY 2025-26?

Yes, under the New Tax Regime, individuals with total income up to Rs. 12 lakh pay zero tax after claiming the Rebate under Section 87A. For salaried employees, this effectively becomes Rs. 12.75 lakh including the standard deduction of Rs. 75,000.

What is the standard deduction for salaried employees in FY 2025-26?

The standard deduction for salaried employees and pensioners is Rs. 75,000 under the New Tax Regime and Rs. 50,000 under the Old Tax Regime for FY 2025-26.

What are the New Regime tax slabs for FY 2025-26?

New Regime slabs for FY 2025-26: Up to Rs. 4 lakh — Nil; Rs. 4–8 lakh — 5%; Rs. 8–12 lakh — 10%; Rs. 12–16 lakh — 15%; Rs. 16–20 lakh — 20%; Rs. 20–24 lakh — 25%; Above Rs. 24 lakh — 30%. A rebate under Section 87A makes income up to Rs. 12 lakh effectively tax-free.

Income Tax Calculator FY 2025-26 — New vs Old Regime

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All figures in Indian Rupees (₹) for Financial Year 2025-26

Select Tax Regime

Personal Information

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Income Details

Gross Salary / CTC

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Before standard deduction

Net Business Income

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After expenses & depreciation

House Property Income (net)

₹

Annual rent − 30% std. deduction − loan interest

Capital Gains (LTCG/STCG)

₹

Included in total income

Other Income

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Interest, dividends, FD, etc.

Deductions & Exemptions (Old Regime only)

Section 80C max ₹1.5L

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PPF, ELSS, LIC, EPF, NSC, tuition fee…

Section 80D health ins.

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Self: ₹25K · Senior: ₹50K

Sec. 80CCD(2) NPS employer

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Employer NPS contribution (max 10% salary)

Sec. 80TTA / 80TTB

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Savings interest: ₹10K (80TTA) · Seniors: ₹50K (80TTB)

HRA Exemption if applicable

₹

House Rent Allowance claimed

Other Deductions

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80G, 80E, 80EEA, 24(b), etc.

Tax Calculation Results

FY 2025-26 (AY 2026-27) — New Tax Regime

Gross Income

₹0

Before deductions

Taxable Income

₹0

After deductions

Tax Payable
₹0
Effective rate: 0%

Effective Tax Rate 0%

Tax Computation Breakdown

Particulars	Amount (₹)

Regime Comparison

New Regime

₹0

incl. cess

Old Regime

₹0

incl. cess

Disclaimer: This calculator provides an estimate for educational purposes. Actual tax may vary based on specific circumstances. Consult a qualified tax professional or Chartered Accountant for advice.

New Regime Slabs FY 2025-26

Default regime · No most deductions

Income Range	Rate
Up to ₹4,00,000	Nil
₹4,00,001 – ₹8,00,000	5%
₹8,00,001 – ₹12,00,000	10%
₹12,00,001 – ₹16,00,000	15%
₹16,00,001 – ₹20,00,000	20%
₹20,00,001 – ₹24,00,000	25%
Above ₹24,00,000	30%

Rebate u/s 87A: Tax fully rebated if taxable income ≤ ₹12,00,000. Rebate amount = actual tax (max ₹60,000).

Standard Deduction: ₹75,000 for salaried employees.

Health & Education Cess: 4% on total tax.

Old Regime Slabs

Deductions & exemptions available

Income Range	Rate
Up to ₹2,50,000	Nil
₹2,50,001 – ₹5,00,000	5%
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

Rebate u/s 87A: Tax rebated if taxable income ≤ ₹5,00,000 (max ₹12,500).

Senior Citizen (60–80): Basic exemption ₹3,00,000.

Super Senior (80+): Basic exemption ₹5,00,000.

Surcharge Rates

Applicable on income tax amount

Total Income	Surcharge
Up to ₹50 Lakh	Nil
₹50L – ₹1 Cr	10%
₹1 Cr – ₹2 Cr	15%
₹2 Cr – ₹5 Cr	25%
Above ₹5 Cr	37%*

* Max 25% surcharge in New Regime (capped per Finance Act 2023)