Income Tax Calculator
Compare old vs new tax regime for FY 2025-26. Find out which regime saves you more and see slab-wise breakdown.
New Regime Slabs
| Slab | Amount | Tax |
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Old Regime Slabs
| Slab | Amount | Tax |
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Income Tax: Old vs New Regime (FY 2025-26)
Choosing between tax regimes is a key financial decision. The 2024 Budget raised the new regime standard deduction to ₹75,000.
New Regime Slabs
₹0-3L (nil), ₹3-7L (5%), ₹7-10L (10%), ₹10-12L (15%), ₹12-15L (20%), above ₹15L (30%). Income up to ~₹12.75L can be nearly tax-free.
Old Regime Deductions
80C (₹1.5L for PPF, ELSS), 80D (₹25K-₹1L health insurance), HRA, home loan interest (₹2L under 24b). Together: ₹4-6L reduction.
When to Choose Which
If total deductions exceed ₹3.75L, old regime usually wins. Below that, new regime's lower rates win.
Tax-Saving Investments
Max out PPF at ₹1.5L, get health insurance (80D), claim home loan EMI benefits.
Track Tax Spending
Categorize expenses with Vitta to identify tax-deductible spending year-round.
Frequently Asked Questions
Old vs new tax regime?+
New regime has lower rates but almost no deductions (except ₹75,000 standard). Old regime has higher rates but allows 80C, 80D, HRA, home loan interest deductions.
Standard deduction for FY 2025-26?+
New regime: ₹75,000 (increased from ₹50,000). Old regime: ₹50,000. Automatically applied, no proof needed.
Tax on ₹12L salary under new regime?+
After ₹75,000 standard deduction, taxable income is ₹11.25L. Tax including cess is approximately ₹61,500.
Best 80C investments?+
PPF (7.1% tax-free), ELSS (12-15% potential, 3-year lock-in), EPF (~8.25%), Tax-saving FD, NPS (extra ₹50,000 under 80CCD).
Which regime should I choose?+
Old regime if total deductions exceed ₹3.75L (home loan, HRA, 80C, 80D). New regime if fewer deductions or prefer simplicity.