Income Tax Calculator
Compare tax liability under the Old vs New tax regime for the current financial year.
New Regime slabs reflect Budget 2025 (FY 2025-26): standard deduction ₹75,000, nil tax up to ₹12,00,000 taxable income. Old Regime: standard deduction ₹50,000, nil tax up to ₹5,00,000 taxable income. Both include 4% cess.
New Regime tax
₹0
Old Regime tax
₹1,17,000
The New Regime saves you ₹1,17,000 compared to the Old Regime for your income and deductions.
How this calculator works
This calculator compares your income tax liability under India's two regimes: the New Regime (lower rates, minimal deductions, default option) and the Old Regime (higher rates, but allows deductions like 80C, HRA, and home loan interest).
Worked example: on a gross income of ₹12,00,000, the New Regime results in zero tax (taxable income of ₹11,25,000 falls under the ₹12,00,000 rebate threshold), while the Old Regime with ₹1,50,000 in deductions results in approximately ₹1,17,000 in tax — making the New Regime clearly better in this case. At higher incomes with larger deductions, the comparison can flip.