Calculate your income tax for FY 2025-26 (AY 2026-27) under New and Old Tax Regimes. Compare savings and include optional deductions like 80C, 80D, HRA, and more.
Frequently Asked Questions
The New Tax Regime (FY 2025-26) offers lower tax rates but fewer deductions, with a ₹60,000 rebate making income up to ₹12 lakh tax-free. The Old Tax Regime allows deductions like 80C, 80D, HRA, and has higher exemption limits for senior citizens.
This calculator uses FY 2025-26 tax slabs and rules from the Union Budget 2025. It provides accurate estimates for salaried individuals but simplifies complex cases (e.g., capital gains). Consult a CA for personalized advice.
New Regime: ₹75,000 standard deduction, ₹60,000 rebate under Section 87A. Old Regime: ₹50,000 standard deduction, ₹12,500 rebate, plus optional deductions like 80C (₹1.5L), 80D (₹25K/₹50K), HRA, home loan interest (₹2L), NPS (₹50K).