Free online Income Tax Calculator

Income Tax Calculator Online – Old vs New Regime (FY 2025–26)

Use this free online tax calculator to estimate your annual income tax based on the revised FY 2025-26 (AY 2026-27) Indian tax slabs. Easily compare tax liability under the Old vs. New Regime by entering your salary, Section 80C investments, 80D health insurance, and other deductions. This tool automatically applies the increased ₹75,000 standard deduction (New Regime) and the Section 87A rebate for income up to ₹7 Lakhs, ensuring you choose the most tax-efficient path.

🏛️ Income Tax Calculator PRO

Compare Old vs New Tax Regime | FY 2025-26 (AY 2026-27)

Annual Gross Salary (Rs.)

Investments / 80C (Rs.) (Old Regime Only)

Health Insurance / 80D (Rs.)

HRA / Home Loan Interest (Rs.)

✅ Standard Deduction Applied:
Old: Rs.50,000 | New: Rs.75,000

Tax Regime Comparison

Old Regime

Rs. 0

Exemptions allowed

New Regime (Default)

Rs. 0

Lower slabs, no exemptions

Please enter your income to compare

📊 Detailed Tax Breakdown

👀How to Use This Tool (Step-by-Step)

The Free Online Income Tax Calculator (Old vs New Regime) helps you estimate your tax liability easily:

1️⃣ Enter your Annual Income (₹)
2️⃣ Add Deductions under Section 80C, 80D, etc.
3️⃣ Enter Other Deductions (80G, NPS, etc.) if applicable
4️⃣ Standard deduction of ₹75,000 is applied automatically
5️⃣ Click Calculate Income Tax
6️⃣ Instantly view:

• Old Regime tax result
• New Regime tax result
• Tax difference & savings insight

✅ No login required
✅ Instant & accurate calculation

💡 PRO-Tip to Know Current Slabs:

Here is "Quick Summary" box to help users understand the new slabs at a glance:

Income Slab (New Regime)	Tax Rate
₹0 - ₹3,00,000	NIL
₹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%

📈 Expert Advice :

Since users are often confused by the Section 87A Rebate:

"NOTE: Even if your income is slightly above ₹7 Lakh, you might still pay zero tax in the New Regime because the ₹75,000 Standard Deduction brings your taxable income back below the ₹7 Lakh limit!"

💢Key Features of This Tool

The Income Tax Calculator PRO (India) is designed for smart tax planning:

• Compares Old vs New Tax Regime
• Latest Indian income tax slabs supported
• Automatic standard deduction applied
• Supports major deductions (80C, 80D, 80G, NPS)
• Clear slab-wise tax breakdown
• Simple, fast & mobile-friendly
• Ideal for salaried individuals & professionals
• 100% free & secure to use

💥Best Uses of This Tool (For Finance)

🧾 Tax Planning

• Choose the most beneficial tax regime
• Estimate tax before filing ITR

💼 Salaried Employees & Professionals

• Understand take-home tax impact
• Plan investments smartly

🏦 Financial Awareness

• Avoid last-minute tax surprises
• Compare deductions vs regime benefits

👨‍👩‍👧 Family & Personal Finance

• Household tax planning
• Annual budgeting & savings decisions

👉Frequently Asked Questions:-

1. What is the New Standard Deduction for FY 2025-26?

As per the latest budget updates, the Standard Deduction for salaried individuals has been increased to ₹75,000 for those opting for the New Tax Regime. In the Old Regime, it remains at ₹50,000. Our calculator automatically applies these specific amounts based on the regime you are comparing to ensure 100% accuracy.

2. Which is better: Old Tax Regime or New Tax Regime?

There is no "one-size-fits-all" answer. The New Regime offers lower tax rates but removes most deductions (like 80C, 80D, and HRA). The Old Regime is better if you have high investments (Home Loan interest, LIC, PPF, Health Insurance). Use our calculator to see the "Break-even Point" where your deductions make the Old Regime cheaper than the New one.

3. Does the ₹7 Lakh tax rebate (Section 87A) still apply?

Yes. Under the New Tax Regime, if your total taxable income (after standard deduction) does not exceed ₹7,00,000, your tax liability becomes zero due to the Section 87A rebate. Our tool will automatically show "₹0 Tax" if your income falls within this limit, helping you see the benefit of the New Regime clearly.

4. Can I claim HRA and Section 80C in the New Tax Regime?

No. One of the trade-offs of the New Tax Regime is that you must give up most exemptions and deductions, including HRA (House Rent Allowance), Section 80C (PPF, ELSS, LIC), and Section 80D (Mediclaim). If you have significant investments in these, our calculator will likely show that the Old Regime saves you more money.

5. How does the calculator handle the Health and Education Cess?

After calculating your basic tax under both regimes, our tool automatically adds the mandatory 4% Health and Education Cess to the final amount. This gives you the actual "Final Tax Payable" that you would see on your Form 16 or during your ITR filing.

6. Can I switch between Old and New Regimes every year?

Salaried individuals (with no business income) have the flexibility to choose the more beneficial regime every year at the time of filing their Income Tax Return (ITR). Our calculator is the perfect tool to use every March to decide which regime your employer should deduct TDS under for the upcoming year.

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⚠️ Disclaimer

This Income Tax Calculator is provided for informational and educational purposes only. The tax calculations and results shown are estimates based on user inputs and general assumptions of the Old and New Income Tax Regime as per publicly available slab information.

Actual tax liability may vary depending on:

• Applicable government notifications
• Individual income sources
• Deductions, exemptions, rebates, cess, and surcharges
• Changes in tax laws or rules

This tool does not constitute legal, tax, or financial advice. Users are strongly advised to consult a qualified Chartered Accountant (CA) or tax professional before filing income tax returns or making financial decisions.

The website and tool owner shall not be held responsible for any loss, error, or decision taken based on the results generated by this calculator.