Income Tax Calculator India FY 2025-26
Compare Old vs New Tax Regime instantly — find which saves you more tax this year
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Deductions — Old Regime Only
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Tax Regime Comparison
🏛️ Old Regime
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🆕 New Regime
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📐 New Regime Tax Slabs — FY 2025-26
₹0–3L: Nil · ₹3–7L: 5% · ₹7–10L: 10% · ₹10–12L: 15% · ₹12–15L: 20% · Above ₹15L: 30%
Standard deduction: ₹75,000. 87A rebate (zero tax up to ₹7L taxable income). 4% health & education cess on total tax.
Income Tax Calculator India FY 2025-26 — Old vs New Regime
The Indian income tax system for FY 2025-26 offers two parallel regimes. The New Regime offers lower slabs and a higher standard deduction of ₹75,000, making it attractive for most salaried employees. The Old Regime allows deductions under 80C, 80D, HRA, and home loan interest, making it better if your total deductions exceed ~₹3.75 lakh.
How Much Tax on ₹10 Lakh Salary? (New Regime, FY 2025-26)
- Gross salary: ₹10,00,000
- Standard deduction: ₹75,000
- Taxable income: ₹9,25,000
- Tax: Nil on ₹3L + 5% on ₹4L + 10% on ₹2,25,000 = ₹0 + ₹20,000 + ₹22,500 = ₹42,500
- 4% cess: ₹1,700 → Total tax: ₹44,200
Tax Saving Investments under Old Regime
| Section | Investment | Max Deduction | Tax Saved (30% slab) |
|---|---|---|---|
| 80C | ELSS, PPF, EPF, LIC, ULIP | ₹1,50,000 | ₹46,800 |
| 80D | Health insurance premium | ₹25,000–75,000 | ₹7,800–23,400 |
| 80CCD(1B) | NPS additional contribution | ₹50,000 | ₹15,600 |
| 24(b) | Home loan interest | ₹2,00,000 | ₹62,400 |
| 10(13A) | HRA exemption | As per calculation | Varies |
Income Tax FAQs
Which tax regime is better for me?
If your deductions (80C + HRA + NPS + 80D + home loan) total above ₹3.75 lakh, old regime typically saves more. For simpler returns with fewer investments, new regime is easier and often cheaper. Use our calculator to compare instantly for your specific situation.
Is there zero tax up to ₹7 lakh in new regime?
Yes — with Section 87A rebate in the new regime, if your taxable income (after ₹75,000 standard deduction) is up to ₹7 lakh, your effective tax liability is ₹0. So effectively, salary up to ₹7.75 lakh has zero tax in new regime.
When is the ITR filing deadline?
For salaried individuals, the ITR filing deadline is typically July 31 of the assessment year (e.g., July 31, 2026 for FY 2025-26). Late filing attracts a penalty of ₹1,000–₹5,000 depending on income.