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Income Tax Estimator

Compare tax liabilities under the Old vs. New Indian tax regimes side-by-side with deductions.

Defaults: FY 2025-26 (AY 2026-27)

Salary & Exemptions

₹
₹100,000₹10,000,000

Old Regime Deductions

₹
₹0₹200,000
₹
₹0₹500,000
₹
₹0₹50,000
₹
₹0₹100,000
₹
₹0₹500,000

Tax Comparison Summary

Old Regime Tax Due
₹101,400
8.5% of salary
New Regime Tax Due
₹0
0.0% of salary
Net Savings
₹101,400
Save via New Regime
New Regime is Better

New Tax Regime is Recommended

With your current investments & exemptions of ₹2,25,000, you save ₹1,01,400 by choosing the New Tax Regime. The New Regime offers lower tax rates and a higher Standard Deduction of ₹75,000 without requiring any investment proof.

Slab Optimization Suggestion

To make the Old Regime optimal for your salary, you would need additional investments & deductions of at least ₹5,08,000 under Section 80C, HRA, or other sections.

Old Tax Regime Slabs

Tax SlabRateIncome in SlabTax Charged
₹0 to ₹2.5 Lakhs Active0%₹250,000₹0
₹2.5 to ₹5.0 Lakhs Active5%₹250,000₹12,500
₹5.0 to ₹10.0 Lakhs Active20%₹425,000₹85,000
Above ₹10.0 Lakhs 30%₹0₹0

New Tax Regime Slabs

Tax SlabRateIncome in SlabTax Charged
₹0 to ₹4.0 Lakhs Active0%₹400,000₹0
₹4.0 to ₹8.0 Lakhs Active5%₹400,000₹20,000
₹8.0 to ₹12.0 Lakhs Active10%₹325,000₹32,500
₹12.0 to ₹16.0 Lakhs 15%₹0₹0
₹16.0 to ₹20.0 Lakhs 20%₹0₹0
₹20.0 to ₹24.0 Lakhs 25%₹0₹0
Above ₹24.0 Lakhs 30%₹0₹0

Understanding Income Tax Regimes

Read In-Depth Guide & Market Comparison

India offers two distinct personal tax systems: the Old Tax Regime (which allows multiple exemptions and savings deductions) and the New Tax Regime (which offers lower tax slab rates but strips away most exemptions).

How Our Visual Calculator Outperforms the Market

Unlike basic tools that output only a single flat number, our suite provides full interactive schedules, multi-chart visualizations, and scenario comparisons.

See Comparison

Mathematical Formula

\text{Tax} = \text{Slab Tax} - \text{Sec 87A Rebate} + 4\%\text{ Cess}

Formula Explanation:

  • Standard Deduction: Flat ₹75,000 for New Regime, ₹50,000 for Old Regime.
  • Sec 87A Rebate: For FY 2025-26, eligible resident individuals can receive a rebate on normal income up to ₹12,00,000 taxable income under the New Regime; the Old Regime threshold remains ₹5,00,000.
  • Exemptions (Old Regime): Sec 80C (up to 1.5L), Sec 80D (medical), HRA, Sec 24 (home loan interest).

Terms & Abbreviations

CTC Cost to Company - your total gross salary package.
80C Exemption section for investments like PPF, ELSS, EPF, and Life Insurance.
Rebate 87A Tax rebate that completely wipes out tax liability for lower income brackets.
Cess Health & Education Cess (flat 4% added to the tax amount).

Frequently Asked Questions

The New Regime is generally better if your total tax-saving deductions (like Section 80C, HRA, and Section 80D) are low. The Old Regime becomes optimal only if your total deductions exceed a specific "break-even point" (roughly ₹2.5 Lakhs for gross income of ₹10L, ₹3.75 Lakhs for gross income of ₹15L, and ₹4.25 Lakhs for income above ₹20L).
For FY 2025-26, this calculator uses ₹75,000 for salaried taxpayers under the New Regime and ₹50,000 under the Old Regime.
Yes. Salaried individuals can select their preferred tax regime (Old vs New) every financial year when filing their Income Tax Returns (ITR) under Section 139(1).
For FY 2025-26, eligible resident individuals under the New Regime can receive a rebate of up to ₹60,000 when normal taxable income does not exceed ₹12,00,000. The Old Regime threshold remains ₹5,00,000 with a rebate up to ₹12,500. Special-rate income and marginal relief require separate review.
No. HRA exemptions, along with LTA and Section 80C deductions, are not allowed under the New Tax Regime. They can only be claimed in the Old Tax Regime.
No. Interest paid on a self-occupied home loan up to ₹2,00,000 per year can be claimed as a deduction under Section 24(b) only under the Old Tax Regime. It is not allowed under the New Regime.
The New Regime allows very few deductions. The primary ones are the Standard Deduction of ₹75,000, employer's contribution to NPS under Section 80CCD(2), and deductions for family pension under Section 57(iia).

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