Income Tax Calculator FY 2025-26 & FY 2026-27
Compare Old vs New Tax Regime Tax Liability
Calculate your exact tax liability under both the New Tax Regime and Old Tax Regime for Assessment Year 2026-27. Includes active budget slab rates, standard deduction of ₹75,000, Section 87A rebate, and claimable chapter VI-A deductions.
1. Annual Incomes₹ INR
2. Deductions & Exemptions
Applies only under Old Tax Regime calculation
Save ₹32,500 with New Tax Regime
The New Tax Regime provides lower slab rates and a ₹75,000 standard deduction, yielding higher take-home savings for your income level.
Detailed Tax Computation Breakdown
Income Tax Slab Rates for FY 2025-26 (AY 2026-27)
New Tax Regime (Section 115BAC)Default Scheme
| Income Slab (₹) | Applicable Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹7,00,000 | 5% |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
*Salaried taxpayers receive ₹75,000 standard deduction. Section 87A rebate ensures Zero Tax up to ₹7,00,000 taxable income.
Old Tax Regime (Opt-in)With Deductions
| Income Slab (₹) | Applicable Rate |
|---|---|
| Up to ₹2,50,000 (General) | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
*Eligible for 80C (₹1.5L), 80D (₹25k-₹1L), 80CCD(1B) (₹50k), HRA and Sec 24(b) home loan interest deduction.
Frequently Asked Questions on Tax Calculation & ITR Regimes
What is the standard deduction in the New Tax Regime for FY 2025-26?
For salaried individuals and pensioners, the standard deduction under the New Tax Regime is ₹75,000. Under the Old Tax Regime, the standard deduction remains ₹50,000.
What is the Section 87A rebate limit in the New Tax Regime?
Under the New Tax Regime, individuals with taxable income up to ₹7,00,000 get a 100% tax rebate under Section 87A (maximum rebate ₹25,000), making their net tax liability zero.
Can business owners and professionals switch between Old and New Tax Regimes every year?
No. Individuals with business or professional income (filing ITR-3 or ITR-4) can opt into the Old Regime only once and switch back to the New Regime once in a lifetime (by filing Form 10-IEA). Salaried individuals without business income can choose between Old and New regimes every financial year at the time of ITR filing.
Which regime is better if I have high 80C, 80D, and Home Loan interest?
If your total eligible deductions (Standard deduction + 80C + 80D + HRA + Section 24(b) home loan interest) exceed approximately ₹3.75 Lakhs to ₹4.25 Lakhs (depending on gross income), the Old Tax Regime typically yields lower tax. Otherwise, the New Tax Regime's lower slab rates provide higher savings.
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