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Income Tax Calculator

Calculate income tax with old and new tax regime support

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Income Tax Details

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Tax Calculation

Enter income details to calculate your tax liability

Income Tax Calculator (New vs Old Regime)

Calculate income tax under both new default regime and old regime. Compare which regime is better for your income and deductions.

Current Rates (2025)

New Tax Regime (Default) - AY 2025-26

Finance Act 2024

0% up to ₹3L, 5% (₹3-7L), 10% (₹7-10L), 15% (₹10-12L), 20% (₹12-15L), 30% (>₹15L)

New Regime - Standard Deduction

Budget 2024

₹75,000 for salaried/pensioners

Rebate u/s 87A (New Regime)

Budget 2024

Up to ₹7,00,000 (with marginal relief)

Key Points

  • •New regime is default from AY 2024-25; must explicitly opt for old regime
  • •New regime: Lower rates, ₹75,000 standard deduction, but no other deductions
  • •Old regime: Higher rates but allows 80C, 80D, HRA, home loan interest deductions
  • •Surcharge capped at 25% in new regime (no cap in old regime)
  • •Health & Education cess: 4% on (tax + surcharge) in both regimes

Tax Implications:

  • •New Regime: Slabs simplified, standard deduction allowed, most exemptions removed
  • •Old Regime: Retain 80C (₹1.5L), 80D, HRA, LTA, home loan interest deductions
  • •Section 87A rebate: New regime up to ₹7L, Old regime up to ₹5L
  • •Can switch between regimes yearly (business income has restrictions)
  • •TDS rates remain same for both regimes
Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.