Calculate your income tax liability instantly for FY 2025-26. Compare old vs new tax regimes.
Gross Income
₹5,00,000
Standard Deduction
₹75,000
Taxable Income
₹4,25,000
Total Tax Payable
₹6,500
New Regime Saves
₹3,900 annually
✓Max out 80C deductions (₹1.5L)
✓Use health insurance (80D)
✓Claim home loan interest (24b)
✓Review tax regime annually
| Income Range | Tax Rate | Tax Amount (Example) |
|---|---|---|
| Up to ₹3 Lakh | Nil | ₹0 |
| ₹3 - ₹6 Lakh | 5% | ₹15,000 on ₹6L |
| ₹6 - ₹9 Lakh | 10% | ₹30,000 on ₹9L |
| ₹9 - ₹12 Lakh | 15% | ₹45,000 on ₹12L |
| ₹12 - ₹15 Lakh | 20% | ₹60,000 on ₹15L |
| Above ₹15 Lakh | 30% | Tax as per bracket |
LIC Premiums
Life insurance
EPF Contribution
Employee provident fund
PPF Investment
Public provident fund
FD Interest
Bank fixed deposits
Home Loan Principal
Loan repayment
Education Fees
Self, spouse, children
ELSS Funds
Equity-linked savings
Sukanya Samriddhi
Girl child savings
Premium paid for health/medical insurance: Self + family ₹25,000, Senior citizens ₹50,000
Interest on education loan: No limit. Available for self, spouse, children education.
Interest on home loan: Up to ₹2,00,000 per annum (self-occupied property)
National Pension Scheme: Up to 10% of salary (additional to 80C benefit)
The standard deduction for salaried employees is ₹75,000 in the new tax regime for FY 2025-26.
New Tax Regime: 0% up to ₹3L, 5% from ₹3-6L, 10% from ₹6-9L, 15% from ₹9-12L, 20% from ₹12-15L, 30% above ₹15L.
New regime offers lower rates but no deductions. Old regime allows deductions under 80C, 80D, etc. Calculate both to decide.
Popular deductions: 80C (₹1.5L), 80D (health insurance), 80E (education loan interest), 24(b) (home loan interest), etc.
For income above ₹1Cr: 15% surcharge (new regime) or 25% (old regime). Additional health and education cess of 4% applies.
This calculator provides estimates. Consult a CA for accurate tax planning and filing.
Explore related financial calculators to plan your finances better
Use this free income tax calculator to instantly calculate your tax liability under both the new and old tax regimes for FY 2025-26 (AY 2026-27). Enter your gross income, investments, and deductions — the calculator shows your tax payable, total deductions, surcharge, cess, and net take-home salary. Salaried employees can compare both regimes side-by-side to decide which one saves more tax. Updated with new tax slabs, standard deduction (₹75,000 for salaried), and latest surcharge thresholds.
For a salaried employee earning ₹15 lakh annually with ₹1.5 lakh in Section 80C investments, the old regime typically saves ₹75,000–₹1,20,000 in tax compared to the new regime. However, the benefit varies based on your deductions, investments, and income level.
The key difference is: New regime has lower tax rates but NO deductions. Old regime has higher rates but allows deductions under Section 80C, 80D, 24(b), etc.
| Feature | New Regime | Old Regime |
|---|---|---|
| Tax Rates | Lower rates (0-30%) | Higher rates (0-30%) + surcharge |
| Standard Deduction | ₹75,000 (salaried) | Not available |
| Section 80C | Not allowed | Up to ₹1.5 lakh |
| HRA Exemption | Not allowed | Fully deductible |
| Home Loan Interest | Not allowed (Section 24b) | ₹2 lakh/year |
| Health Insurance (80D) | Not allowed | Fully deductible |
| Best For | High earners with few deductions | Mid-income with investments & HRA |
| Income Slab | Tax Rate | Example (Annual Income ₹20L) |
|---|---|---|
| Up to ₹3 lakh | 0% | ₹3L × 0% = ₹0 |
| ₹3–6 lakh | 5% | ₹3L × 5% = ₹15,000 |
| ₹6–9 lakh | 10% | ₹3L × 10% = ₹30,000 |
| ₹9–12 lakh | 15% | ₹3L × 15% = ₹45,000 |
| ₹12–15 lakh | 20% | ₹3L × 20% = ₹60,000 |
| Above ₹15 lakh | 30% | ₹5L × 30% = ₹1,50,000 |
| Annual Income | New Regime Tax | Old Regime Tax (with 80C) | Tax Saved (Old) |
|---|---|---|---|
| ₹10 lakh | ₹28,750 | ₹8,750 (with ₹1.5L 80C) | ₹20,000/year |
| ₹15 lakh | ₹1,14,375 | ₹39,375 (with ₹1.5L 80C) | ₹75,000/year |
| ₹20 lakh | ₹2,14,375 | ₹1,14,375 (with ₹1.5L 80C) | ₹1,00,000/year |
| ₹30 lakh | ₹5,14,375 | ₹3,14,375 (with ₹1.5L 80C) | ₹2,00,000/year |
Life insurance, PPF, ELSS, NSC — up to ₹1.5 lakh
Health insurance premium — up to ₹1 lakh (₹1.5L for seniors)
Home loan interest — up to ₹2 lakh per year
Education loan interest — full amount (no limit)
House rent allowance — min of 3 conditions (metro 50%, non-metro 40%)
Savings account interest — up to ₹10,000
The standard deduction for salaried employees is ₹75,000 in the new tax regime for FY 2025-26.
0% up to ₹3L, 5% from ₹3-6L, 10% from ₹6-9L, 15% from ₹9-12L, 20% from ₹12-15L, 30% above ₹15L.
Disclaimer: This calculator provides estimates for informational purposes. For accurate tax planning and filing, consult a qualified Chartered Accountant. Tax laws change frequently; verify current rules with official IT Department sources.