Updates automatically in real-time.
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Trying to figure out whether the New Tax Regime or the Old Tax Regime will save you more money on your salary and investments? Our free Indian Income Tax Calculator provides an instant, side-by-side comparison of your total tax liability for FY 2025-26 (AY 2026-27) and FY 2024-25 (AY 2025-26). Calculate exact slab taxes, Standard Deduction, Section 87A rebate, Section 80C, 80D, HRA, NPS, and Health & Education Cess in real-time.
- Latest Budget Tax Slabs: Full support for FY 2025-26 / FY 2024-25 slab revisions under the New Tax Regime.
- Automatic Regime Recommendation: Instantly compares both regimes and highlights which one saves you more money and by how much.
- Comprehensive Deductions: Calculates Section 80C (PPF/EPF/ELSS), 80D (Health Insurance), HRA u/s 10(13A), NPS u/s 80CCD(1B), and Home Loan Interest u/s 24b.
- Section 87A Rebate & Cess: Auto-applies ₹7 Lakh rebate in New Regime / ₹5 Lakh rebate in Old Regime along with 4% Health & Education Cess.
Smart Regime Comparator
Side-by-side breakdown showing exact tax savings between New vs Old Tax Regime.
Slab-by-Slab Breakdown
Detailed view of income slabs, applicable tax percentages, and slabwise tax amounts.
Deductions & Exemptions
Supports 80C, 80D, HRA exemption, NPS additional ₹50,000, and 80TTA/80TTB interest deductions.
Instant Real-Time Calculations
Calculates taxes live as you adjust income figures, rental earnings, and tax-saving investments.
How to Calculate Income Tax (3 Simple Steps)
Who Uses Our Indian Income Tax Calculator?
👔 Salaried Employees
Calculate Monthly TDS deductions and compare New vs Old regime before submitting Form 12BB to HR.
💻 Freelancers & IT Professionals
Estimate presumptive tax u/s 44ADA or net taxable income for quarterly Advance Tax payments.
👴 Senior & Super Senior Citizens
Calculate tax liability on pension income, FD interest, and Section 80TTB interest exemptions.
🏠 Home Loan Borrowers
Determine tax benefits of Section 24b home loan interest and HRA exemptions under Old Regime.
New Tax Regime vs Old Tax Regime Comparison
| Parameter | New Tax Regime (Default) | Old Tax Regime (Optional) |
|---|---|---|
| Standard Deduction | ₹75,000 (Salaried) | ₹50,000 (Salaried) |
| Sec 87A Tax Rebate Limit | Up to ₹7 Lakhs Income (Zero Tax) | Up to ₹5 Lakhs Income (Zero Tax) |
| Section 80C & 80D Deductions | Not Allowed | Allowed (Up to ₹1.5L 80C + 80D) |
| HRA & LTA Exemptions | Not Allowed | Allowed with Rent Receipts |
The New Tax Regime is the default regime and offers lower tax rates with a ₹75,000 Standard Deduction and zero tax up to ₹7 Lakhs taxable income. However, if your total deductions (80C + 80D + HRA + Home Loan Interest u/s 24b + NPS) exceed ₹3.75 Lakhs to ₹4 Lakhs per year, the Old Tax Regime can often save you more money!
Frequently Asked Questions (FAQs)
What is the income limit for zero tax under the New Tax Regime? +
Under the New Tax Regime, salaried individuals earning up to ₹7.75 Lakhs pay ₹0 income tax due to the ₹75,000 Standard Deduction and Section 87A tax rebate up to ₹7 Lakhs.
Can I switch between New and Old Tax Regimes every year? +
Yes! Salaried taxpayers without business income can switch between the New Tax Regime and Old Tax Regime every financial year at the time of filing their ITR.
Is Health and Education Cess added to income tax? +
Yes, a mandatory 4% Health & Education Cess is levied on the total income tax payable after applying rebates under both tax regimes.
Is my financial data kept confidential? +
Yes, 100%! All calculations take place locally inside your browser memory. Your income figures and personal financial details are never uploaded or stored anywhere.