Income Details
Old Regime Deductions
Max ₹1,50,000
Max ₹25,000
Max ₹2,00,000
Max ₹50,000
Standard deduction of ₹50,000 applied automatically
Recommended Regime
New Regime
Saves you ₹70,200 more
New RegimeBest
Taxable Income
₹9,25,000
Income Tax
₹0
Cess (4%)
₹0
Total Tax
₹0
Monthly Tax
₹0
Old Regime
Taxable Income
₹7,75,000
Income Tax
₹67,500
Cess (4%)
₹2,700
Total Tax
₹70,200
Monthly Tax
₹5,850
New Regime Slab Breakdown
| Slab | Rate | Tax |
|---|---|---|
| ₹0L – ₹4L | 0% | ₹0 |
| ₹4L – ₹8L | 5% | ₹20,000 |
| ₹8L – ₹12L | 10% | ₹12,500 |
* This calculator is for indicative purposes. Consult a tax professional for filing. Surcharge not included.
What is a Income Tax Calculator?
An Income Tax Calculator computes your tax liability for FY 2025-26 under both the old and new tax regimes, accounting for deductions like 80C, 80D, HRA, and standard deduction. It helps you choose the more beneficial regime before filing your ITR.
How to Use It
- 1Enter your annual gross salary or total income
- 2Add applicable deductions: 80C (up to ₹1.5L), 80D (health insurance), HRA, LTA, etc.
- 3The calculator shows tax under both old and new regimes side by side
- 4Compare the two regimes and pick the one with lower tax liability
Example
Annual salary ₹12,00,000. Old regime: with ₹1.5L 80C + ₹25K 80D + ₹50K standard deduction → taxable income ₹9,75,000 → tax ≈ ₹1,17,000. New regime: ₹75K standard deduction only → taxable ₹11,25,000 → tax ≈ ₹97,500. New regime saves ₹19,500 here.
Why Use It
- Decide which tax regime saves you more money before the financial year begins
- Estimate your advance tax installments to avoid interest penalties
- Plan salary restructuring to maximize HRA and allowance exemptions
- Understand how deductions reduce your effective tax rate