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Income Tax Calculator (FY 2025-26 (& onwards))
Compare old vs new tax regime and optimize your tax liability
₹
₹0₹10,00,00,000
Age-based higher exemptions and §87A rebate do not apply to NRIs.
The standard deduction is available to both residents and NRIs, but only against salary or pension income.
Deductions (Old Regime Only)
₹
₹0₹1,50,000
₹
₹0₹25,000
₹
₹0₹2,00,000
₹
₹0₹10,00,000
What qualifies under Section 80C? (max ₹1,50,000)
- • ELSS (tax-saving mutual funds)
- • PPF (Public Provident Fund)
- • EPF / VPF contributions
- • Life insurance premiums
- • 5-year tax-saving bank FDs
- • NSC (National Savings Certificate)
- • Sukanya Samriddhi Yojana
- • ULIP premiums
- • Home loan principal repayment
- • Tuition fees (up to 2 children)
- • Senior Citizens Savings Scheme
- • Stamp duty on a house purchase
Lower tax (illustrative)
New Regime
₹1,09,200 lower under New Regime — for comparison only, not advice.
Gross Income₹15,00,000
Total Deductions-₹1,75,000
Taxable Income₹13,25,000
Income Tax₹2,10,000
Cess (4%)₹8,400
Total Tax₹2,18,400
Net Income₹12,81,600
Tax Comparison
Important Notes:
- New tax regime has lower tax rates but doesn't allow most deductions
- Old regime allows deductions under 80C, 80D, 24b, etc. but has higher tax rates
- Standard deduction (₹50,000 old / ₹75,000 new) applies to salary or pension income only — select it above.
- Once you choose new regime, you can switch back to old regime only once
- Tax rates as per FY 2025-26 (& onwards).
- Surcharge marginal relief is not modeled; tax may be overstated for income just above ₹50L/₹1Cr/₹2Cr/₹5Cr.
- This calculator is for estimation purposes only. Consult a tax advisor for accurate filing
- For NRIs: Tax rates are same, but TDS rates differ. DTAA benefits may apply.
This calculator is for estimation purposes only. Consult a tax advisor for accurate filing.
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