Free Income Tax Calculator 2025-26 – Calculate Tax as per Old & New Regime

💰 Income Tax Calculator (FY 2025-26)

Annual Gross Income (Salary + Other Sources) (₹)

Age Group

Regime

📋 Old Regime Deductions

Section 80C (PPF, ELSS, LIC, EPF, etc.) — Max ₹1,50,000

Section 80CCD(1B) — NPS Additional — Max ₹50,000

Section 80D — Medical Insurance (Self & Family) — Max ₹25,000

Section 80D — Medical Insurance (Parents) — Max ₹50,000 (Sr. Citizen)

Section 80TTA/80TTB — Savings Interest — Max ₹10,000 / ₹50,000

HRA Exemption (House Rent Allowance)

Standard Deduction

👉 Your tax calculation will appear here

📐 Income Tax Calculation Steps:

1. Gross Income – Total earnings from all sources

2. Less: Deductions (80C, 80D, HRA, etc.)

3. Taxable Income = Gross – Deductions

4. Tax Calculation → Apply slab rates

5. Add: Cess = 4% Health & Education Cess

💡 Tip: New Regime has lower rates but minimal deductions. Old Regime has higher rates but allows many deductions. Compare both to save maximum tax!

📋 Tax Slabs FY 2025-26 Comparison

Income Range (₹)	Old Regime	New Regime
0 – 2,50,000	Nil	Nil
2,50,001 – 4,00,000	5%	Nil
4,00,001 – 5,00,000	5%	5%
5,00,001 – 7,50,000	20%	10%
7,50,001 – 10,00,000	20%	15%
10,00,001 – 12,50,000	30%	20%
12,50,001 – 15,00,000	30%	25%
Above 15,00,000	30%	30%

* Plus 4% Health & Education Cess on total tax amount. Rebate u/s 87A up to ₹25,000 in New Regime for income ≤ ₹7 lakh.

📖 Income Tax Planning in India

Income tax planning is crucial for every earning individual in India. The government offers two regimes — Old Regime with deductions and New Regime with lower rates but minimal deductions. Choosing the right one can save you thousands of rupees annually.

Under the Old Regime, you can claim deductions like Section 80C (up to ₹1.5 lakh — PPF, ELSS, LIC, EPF), Section 80D (medical insurance), HRA (house rent allowance), and standard deduction of ₹50,000. These can significantly reduce your taxable income.

The New Regime introduced simplified tax slabs with lower rates. It's the default regime now. The good news: for income up to ₹7 lakh, there's a full tax rebate under Section 87A, making your tax liability zero! No deductions needed.

Use our calculator to compare both regimes side by side. Also explore our PPF and SIP calculators to maximize your tax-saving investments. Remember, tax planning should start at the beginning of the financial year, not at the end!

❓ Frequently Asked Questions (FAQ)

Question: Which tax regime is better — Old or New?

It depends on your income and deductions. If you claim significant deductions (> ₹2.5 Lakh), Old Regime may be better. Otherwise, New Regime with lower rates may save more tax.

Question: Is there any tax on income up to ₹7 lakh?

Under the New Regime, income up to ₹7 lakh has zero tax due to Section 87A rebate of up to ₹25,000. Under Old Regime, income up to ₹5 lakh is tax-free.

Question: Can I switch between Old and New Regime every year?

Yes, salaried individuals can switch every year. Business income earners can switch only once from New to Old (and then cannot switch back easily).

💰 Income Tax Calculator (FY 2025-26)

📋 Tax Slabs FY 2025-26 Comparison

📖 Income Tax Planning in India

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❓ Frequently Asked Questions (FAQ)