Income Tax Calculator 2026 — Old vs New Regime

Annual Gross Salary

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₹3L₹50L

Age Group

Other Income (interest, rent etc.)

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Old Regime vs New Regime — Which Is Better for You?

The new tax regime (default from FY 2023-24) offers lower slab rates but eliminates most deductions. The old regime allows deductions like 80C, HRA, and 80D — making it better for people with high investments and rent.

New Regime Slabs (FY 2025-26)

Income Slab	Tax Rate
Up to ₹3,00,000	Nil
₹3,00,001 – ₹7,00,000	5%
₹7,00,001 – ₹10,00,000	10%
₹10,00,001 – ₹12,00,000	15%
₹12,00,001 – ₹15,00,000	20%
Above ₹15,00,000	30%

Rebate u/s 87A: If your taxable income is ≤ ₹7L (old) or ≤ ₹12.75L (new, after standard deduction of ₹75K), tax is fully rebated to ₹0.

Who Should Choose Old Regime?

Choose old regime if your total deductions (80C + HRA + 80D + home loan) exceed roughly ₹4–5 lakh. Use this calculator to find your breakeven.

Not necessarily. The new regime is better if you have minimal deductions (under ₹3–4L). If you claim full 80C (₹1.5L), HRA, 80D, and NPS — the old regime often saves more.

₹75,000 for salaried employees from FY 2024-25 onwards. This is automatically applied — you don't need to claim it.

If taxable income ≤ ₹7L (old) or ≤ ₹12.75L (new after ₹75K standard deduction), the entire tax liability is waived. This makes the new regime effectively zero-tax up to ₹12.75L gross salary.