Income Tax
Compare old vs new regime with salary, exemptions & deductions
Income Tax Calculator FY 2025-26
Estimate only. Compare old vs new regime. Not for official ITR filing.
Old regime
New regime
Exemptions like HRA/LTA apply under the old regime. New regime allows standard deduction and employer NPS (80CCD2) only among common salary deductions.
How to use this calculator
Income & deductions
Enter gross salary, exemptions (LTA, HRA), home loan interest, and Chapter VI-A deductions like 80C, 80D, and NPS. Exemptions and most deductions apply only under the old regime.
Old vs new tax regime (FY 2025-26)
The new regime offers a ₹75,000 standard deduction and updated slabs with Section 87A rebate up to ₹12 lakh income. The old regime keeps ₹50,000 standard deduction plus full exemptions and deductions.
Important disclaimer
This is an estimate for planning only. Actual tax depends on your exact salary structure, employer benefits, and special cases. Consult a CA or use the income tax portal for filing.
Formula
Tax = Apply slab rates to taxable income after standard deductionExamples
- Salary ₹12L + 80C ₹1.5L + 80D ₹25k → compare old vs new regime
- HRA ₹1.5L + home loan interest ₹2L → see old regime benefit
Frequently asked questions
Which deductions work in the new regime?
Most Chapter VI-A deductions apply only in the old regime. The new regime allows standard deduction and employer NPS contribution (Section 80CCD2) among common salary items.
Are all deductions included?
This calculator covers common salary exemptions and popular deductions with statutory caps. It does not cover every special case or surcharge.
Can I use this for ITR filing?
No. Use the official income tax portal or a chartered accountant for filing.