Income Tax Calculator India 2026
Compare Old vs New Tax Regime for FY 2024-25
Income Details
₹
Deductions (Old Regime)
₹
PF, PPF, ELSS, LIC, etc.
₹
₹
₹
80E, 80G, 24(b), NPS, etc.
Calculates automatically as you type
Old Regime
With Deductions
Gross Income
₹12,00,000
Standard Deduction
- ₹50,000
Total Deductions
- ₹1,75,000
Taxable Income
₹9,75,000
Tax Payable
₹1,01,400
New Regime
FY 2024-25
Gross Income
₹12,00,000
Standard Deduction
- ₹75,000
Taxable Income
₹11,25,000
Rebate (87A)
₹0
Tax Payable
₹71,500
Recommendation
Based on your income and deductions, the New Tax Regime saves you ₹29,900 compared to the Old Regime.
Tax Slabs Comparison
| Income Slab | Old Regime | New Regime (FY 24-25) |
|---|---|---|
| Up to ₹3,00,000 | Nil | Nil |
| ₹3,00,001 - ₹7,00,000 | 5% (above ₹2.5L) | 5% |
| ₹7,00,001 - ₹10,00,000 | 20% (above ₹5L) | 10% |
| ₹10,00,001 - ₹12,00,000 | 20% | 15% |
| ₹12,00,001 - ₹15,00,000 | 30% (above ₹10L) | 20% |
| Above ₹15,00,000 | 30% | 30% |
Disclaimer: This calculator provides an estimate based on the tax rules for FY 2024-25 (AY 2025-26).
Actual tax liability may vary. Please consult a tax professional for accurate calculations.