Income Tax Calculator
Quickly estimate and compare your income tax under both regimes.
Estimated Result
A quick estimate based on your inputs.
Tax payable
₹0
₹1,63,800 saved vs the other regime
New vs Old regime
Things to know
The New regime saves you ₹1,63,800 — and needs no investment proofs.
Your tax is nil — taxable income is within the ₹12L §87A rebate.
Your next rupee of income is taxed at 10% (your marginal rate).
Old vs New regime
Breakdown
- Tax payable₹00%
- Take-home (after tax)₹12,00,000100%
Estimates only — not financial advice. Results are based on your inputs and assumptions, and actual outcomes may differ.
Income tax FY 2025-26 — frequently asked questions
What are the new regime tax slabs for FY 2025-26?
0–₹4L: nil; ₹4–8L: 5%; ₹8–12L: 10%; ₹12–16L: 15%; ₹16–20L: 20%; ₹20–24L: 25%; above ₹24L: 30%. A 4% health & education cess applies on the tax, and surcharge kicks in above ₹50 lakh of income.
Is income up to ₹12 lakh really tax-free in FY 2025-26?
Yes — under the new regime, the §87A rebate makes tax nil when taxable income is up to ₹12 lakh. Salaried taxpayers also get a ₹75,000 standard deduction, so salary up to ₹12.75 lakh can be entirely tax-free. Marginal relief softens the cliff just above the limit.
New regime or old regime — which should I choose?
The new regime has lower rates but almost no deductions; the old regime allows 80C (₹1.5L), 80D, NPS, HRA and home-loan interest. As a rule of thumb, the old regime only wins if your total deductions are large (typically ₹4 lakh+ at higher incomes). This calculator computes both side by side and recommends the cheaper one.
How are equity capital gains taxed?
Regardless of regime: short-term gains on listed equity are taxed at 20%, and long-term gains at 12.5% after a ₹1.25 lakh annual exemption. The calculator adds these on top of your slab tax.
What is the standard deduction in each regime?
For salaried income in FY 2025-26: ₹75,000 in the new regime and ₹50,000 in the old regime. It applies automatically — no proofs or investments needed.