Income Tax Calculator (India)
Compare New vs Old Tax Regime (FY 2024-25 & FY 2025-26)1. Annual Income Details
2. Deductions & Exemptions (for Old Regime)
Sample Salaries:
Tax Comparison
New Regime saves you ₹32,500!
New Regime
₹70,200
(Standard Ded: ₹75,000)
Effective: 5.8%
Old Regime
₹102,700
(Standard Ded: ₹50,000)
Effective: 8.5%
Total Gross Income:₹12,50,000
New Regime Taxable:₹11,75,000
Old Regime Deductions:₹4,05,000
Old Regime Taxable:₹8,45,000
Health & Edu Cess:4% Included
Frequently Asked Questions
Under the revised New Tax Regime:
• ₹0 - ₹3,00,000: Nil (0%)
• ₹3,00,001 - ₹7,00,000: 5%
• ₹7,00,001 - ₹10,00,000: 10%
• ₹10,00,001 - ₹12,00,000: 15%
• ₹12,00,001 - ₹15,00,000: 20%
• Above ₹15,00,000: 30%
• ₹0 - ₹3,00,000: Nil (0%)
• ₹3,00,001 - ₹7,00,000: 5%
• ₹7,00,001 - ₹10,00,000: 10%
• ₹10,00,001 - ₹12,00,000: 15%
• ₹12,00,001 - ₹15,00,000: 20%
• Above ₹15,00,000: 30%
Yes! Salaried individuals receive a ₹75,000 Standard Deduction, bringing taxable income to ₹7,00,000. Under Section 87A, full tax rebate is available up to ₹7,00,000 taxable income, resulting in ₹0 tax on gross salary of ₹7,75,000.
If your total deductions (80C, 80D, HRA, Home Loan Interest) exceed ₹3.75 - ₹4.0 Lakhs, the Old Regime may save more tax. For individuals with fewer deductions, the New Regime offers lower tax rates and a higher ₹75,000 standard deduction.