Free Tax Calculator
Income Tax
Old vs New Regime
Enter your income and deductions — instantly see your exact tax liability under both regimes and which one saves you more in FY 2025-26.
📅 Financial Year 2025–26 | Assessment Year 2026–27
Old Regime: Higher deductions, higher slabs
New Regime: Lower slabs, fewer deductions
Income Details
Annual Gross Salary / Income
₹12,00,000
₹
Tax Payer Category
Other Income (Interest, Rent, etc.)
₹0
₹
Deductions — Old Regime Only
ℹ️ These deductions apply only to Old Regime. New Regime allows ₹75,000 standard deduction (salaried) and no other deductions.
80C (Max ₹1.5L)
₹
80D Health Ins. (Max ₹50K)
₹
HRA Exemption
₹
80CCD(1B) NPS (Max ₹50K)
₹
Home Loan Interest (Max ₹2L)
₹
Other (80E, 80G etc.)
₹
💡 New in FY 2025-26: Basic exemption under new regime is ₹4 lakh. Section 87A rebate is ₹60,000 — income up to ₹12L is effectively zero tax under new regime. Standard deduction is ₹75,000.
Tax Comparison — FY 2025-26
New Regime saves you more
You save ₹28,600 by choosing the New Regime
✅ Section 87A Rebate applied! Your income qualifies for full tax rebate — zero tax payable under the New Regime.
✓ Better
Old Regime
₹1,09,200
+ ₹4,368 cess
Effective rate: 9.4%
✓ Better
New Regime
₹80,600
+ ₹3,224 cess
Effective rate: 6.9%
Gross Total Income
₹12.00 L
Tax Saved (Best Regime)
₹28,600
Old Regime Eff. Rate
9.4%
New Regime Eff. Rate
6.9%
Share Results
| Income Slab | Tax Rate | Income in Slab | Tax on Slab | Cumulative Tax |
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