Income Tax Calculator AY 2025-26 — Old & New Regime, Slab-wise Breakdown
Calculate your exact income tax for AY 2025-26 (FY 2024-25) under both old and new tax regime. Get slab-wise tax breakdown, Section 87A rebate, surcharge, cess, deductions, and a side-by-side regime comparison — all free and instant.
Step 1
Income Details — AY 2025-26
Enter total income before any deductions (CTC or gross salary)
Tax Regime
Age Group
Employment Type
Income Tax Calculator AY 2025-26 — How It Works
This income tax calculator AY 2025-26 (Assessment Year 2025-26, Financial Year 2024-25) computes your exact income tax liability under both the old tax regime and the new tax regime as amended by Budget 2024. Enter your gross annual income, select your regime, add deductions if applicable, and get a complete tax computation — including slab-wise breakdown, Section 87A rebate, surcharge, Health and Education Cess, and monthly in-hand salary.
The calculator is updated for all Budget 2024 changes: the new regime standard deduction increased to ₹75,000, revised new regime slabs (₹3L–₹7L at 5%, ₹7L–₹10L at 10%), and enhanced Section 87A rebate up to ₹25,000 for new regime taxpayers with income up to ₹7 lakh.
Income Tax Slabs AY 2025-26 — Old Regime vs New Regime
✨ New Tax Regime AY 2025-26
Budget 2024 revised slabs · Standard deduction ₹75,000
| Income Range | Tax Rate |
|---|---|
| Up to ₹3 Lakh | Nil |
| ₹3L – ₹7L | 5% |
| ₹7L – ₹10L | 10% |
| ₹10L – ₹12L | 15% |
| ₹12L – ₹15L | 20% |
| Above ₹15L | 30% |
📋 Old Tax Regime AY 2025-26
All deductions available · Standard deduction ₹50,000
| Income Range | Tax Rate |
|---|---|
| Up to ₹2.5L (₹3L for 60+, ₹5L for 80+) | Nil |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
Key Changes in Budget 2024 for AY 2025-26
Old Regime vs New Regime AY 2025-26 — Which Is Better?
The choice between old and new tax regime depends entirely on your deduction profile. Here's a practical guide:
✅ Choose New Regime if…
- ›Your total deductions are below ₹3.75 lakh
- ›You don't have a home loan
- ›You prefer simplicity (no need to track investments)
- ›Your income is below ₹7 lakh (tax becomes zero after 87A rebate)
- ›You're in early career without large insurance/PF deductions
📋 Choose Old Regime if…
- ›You claim maximum 80C (₹1.5L) + NPS (₹50K) + 80D (₹25K)
- ›You have a home loan with ₹2L interest deduction
- ›You receive significant HRA exemption
- ›Your total deductions exceed ₹3.75 lakh
- ›You're a senior citizen with higher medical expenses
Income Tax Examples AY 2025-26 — Quick Reference
| Annual Salary | New Regime Tax | Old Regime Tax (max deductions) | Better Regime |
|---|---|---|---|
| ₹5 Lakh | Nil (87A rebate) | Nil (87A rebate) | Either |
| ₹7 Lakh | Nil (87A rebate) | ₹2,500 | New Regime ✓ |
| ₹10 Lakh | ~₹54,600 | ~₹1,17,000 (before deductions) | Depends on deductions |
| ₹12 Lakh | ~₹83,200 | ~₹1,56,000 (before deductions) | New (unless high deductions) |
| ₹15 Lakh | ~₹1,30,000 | ~₹2,34,000 (before deductions) | New (if deductions < ₹3.75L) |
| ₹20 Lakh | ~₹2,94,400 | ~₹3,61,100 (before deductions) | Depends on deductions |
Income Tax Deductions Under Old Regime — AY 2025-26
PF/EPF, PPF, ELSS mutual funds, LIC premium, 5-year FD, NSC, SSY, home loan principal repayment, tuition fees
Health insurance premium for self (₹25K), parents (₹25K additional or ₹50K if senior citizen)
Additional NPS contribution over 80C limit. Effectively allows ₹2L total tax-free investment (80C + 80CCD(1B))
Interest paid on home loan for self-occupied property. No limit for let-out property (but set-off restricted to ₹2L)
Minimum of: Actual HRA received, 50%/40% of salary (metro/non-metro), or rent paid minus 10% of salary
Interest paid on education loan for higher studies. Available for 8 years from start of repayment
Interest from savings bank account (not FD). For senior citizens, Section 80TTB allows ₹50,000 (all bank interest)
Donations to approved funds. PM Relief Fund — 100%. Most other approved charities — 50% of eligible donation