Regime Comparison
Compare estimated Old and New Regime tax side by side.
Eligible Deductions
Enter applicable deductions and exemptions under the correct regime.
Tax Breakdown
Review taxable income, rebate, surcharge, cess, and estimated tax.
1. Old vs New Tax Regime
The New Tax Regime under Section 115BAC is the default and uses lower slab rates with fewer deductions and exemptions. The Old Tax Regime uses its established slabs while allowing eligible claims such as 80C, 80D, HRA, and home-loan interest. Compare both using amounts you can substantiate rather than a generic break-even rule.
How to Compare
Start with annual gross income, then enter only deductions and exemptions for which you meet the applicable conditions. Compare total estimated tax after rebate, surcharge, and cess. Special-rate income such as certain capital gains, lottery winnings, and crypto income is outside the scope of this calculator.
Review Calculation Methodology2. Old Regime Deductions
If you choose the Old Regime, claim only deductions for which you satisfy the relevant eligibility and documentation requirements:
Section 80C (up to ₹1.5 Lakh)
Eligible items can include EPF, ELSS, qualifying life-insurance premiums, and principal repayment on an eligible home loan, subject to applicable conditions.
NPS (Section 80CCD(1B))
An additional deduction of up to ₹50,000 may be available for eligible NPS contributions under Section 80CCD(1B), over and above the combined Section 80C limit.
3. New Tax Slabs (FY 2025-26)
The FY 2025-26 New Regime slabs used by this calculator are:
Frequently Asked Questions
What is the standard deduction for FY 2025-26?
For salaried individuals, the standard deduction is ₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime.
Is the New Tax Regime mandatory?
The New Tax Regime is the default regime. However, taxpayers can opt for the Old Tax Regime at the time of declaration to their employer or when filing their ITR.
Which tax regime is better?
The lower-tax regime depends on your income and eligible deductions and exemptions. Compare both estimates using your own eligible amounts before choosing a regime.
Can I switch regimes every year?
Salaried individuals without business income can switch between the Old and New regimes every financial year at the time of filing their ITR.
Plan Beyond Income Tax
Use the estimate as one input in your wider cash-flow plan. Review investment contributions and monthly loan commitments separately.
