Income Tax Calculator

India — FY 2025-26 (AY 2026-27), old vs new regime.

Tax slabs change with each Union Budget. This calculator uses FY 2025-26 rates as of publishing — always cross-check against the official Income Tax Department site before filing.

Your income

Annual Gross Income (CTC/salary)

₹

Old regime deductions

Capped per section

Enter what you actually claim. Anything above a statutory ceiling is disallowed and shown to you below — the new regime doesn't allow most of these at all.

I or my spouse is 60 or over (raises the 80D and savings-interest limits)

A parent is 60 or over (raises the 80D parents limit)

Section 80C max ₹1,50,000

₹

EPF, PPF, ELSS, life insurance premium, home loan principal, tuition fees.

Section 80CCD(1B) — NPS max ₹50,000

₹

Additional NPS contribution, over and above the 80C ceiling.

Section 80D — self & family max ₹25,000

₹

Health insurance premium for you, spouse and children.

Section 80D — parents max ₹25,000

₹

Health insurance premium paid for your parents.

Section 24(b) — home loan interest max ₹2,00,000

₹

Interest on a self-occupied property. Principal belongs under 80C.

Section 80TTA — savings interest max ₹10,000

₹

Interest on savings accounts. 80TTB replaces this at 60+.

Section 80E — education loan interest no cap

₹

No monetary ceiling, but limited to 8 assessment years.

HRA exemption u/s 10(13A) no cap

₹

Use the HRA calculator to work out your exempt portion first.

Other deductions not capped

₹

80G, 80DD, 80DDB, 80U. Not capped here — verify these separately.

New Regime Default

Taxable Income₹0

Rebate u/s 87A₹0

Surcharge₹0

Health & Education Cess (4%)₹0

Tax Payable (incl. cess)₹0

Old Regime

Deductions claimed₹0

Deductions allowed (after caps)₹0

Taxable Income₹0

Rebate u/s 87A₹0

Surcharge₹0

Health & Education Cess (4%)₹0

Tax Payable (incl. cess)₹0

Better Regime for You

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FY 2025-26 slabs used

New regime (default): Nil up to ₹4L, 5% (₹4-8L), 10% (₹8-12L), 15% (₹12-16L), 20% (₹16-20L), 25% (₹20-24L), 30% above ₹24L. Standard deduction ₹75,000. Full rebate (zero tax) if taxable income is ≤ ₹12L.
Old regime: Nil up to ₹2.5L, 5% (₹2.5-5L), 20% (₹5-10L), 30% above ₹10L. Standard deduction ₹50,000. Full rebate if taxable income is ≤ ₹5L. Allows deductions like 80C, 80D, HRA.
Deduction ceilings applied above: 80C ₹1,50,000 · 80CCD(1B) ₹50,000 · 80D ₹25,000 each for self and parents (₹50,000 where the person is 60+) · 24(b) home loan interest ₹2,00,000 · 80TTA ₹10,000 (₹50,000 under 80TTB at 60+). Anything entered above a ceiling is disallowed and listed in the summary. Sections 80G, 80DD, 80DDB and 80U depend on facts this calculator doesn't ask for, so they sit under “Other deductions” uncapped — verify those separately.
Both include 4% health & education cess on the calculated tax.

Income Tax Calculator

Your income

Old regime deductions

New Regime Default

Old Regime

FY 2025-26 slabs used

Related reading

Old vs New Tax Regime: Which Should You Choose in FY 2025-26?

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