Income Tax Calculator

Compare Old vs New Tax Regime

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Old Tax Regime
Taxable Income:
₹0
Income Tax:
₹0
Surcharge:
₹0
Cess (4%):
₹0
Total Tax:
₹0
New Tax Regime
Taxable Income:
₹0
Income Tax:
₹0
Surcharge:
₹0
Cess (4%):
₹0
Total Tax:
₹0

Frequently Asked Questions

Everything you need to know about Income Tax

An Income Tax Calculator estimates tax liability under Old and New Tax Regimes for Individuals, HUF, AOP, BOI, or AJP as per Section 115BAC. It factors in income, deductions, and tax slabs to aid financial planning. The New Regime is default, but you can opt for the Old Regime via ITR or Form-10-IEA for business income.

  • Tax Planning: Optimize investments and deductions.
  • Regime Comparison: Compare Old vs. New Regime.
  • Advance Tax: Estimate quarterly payments.
  • Income Planning: Structure salary/income for tax savings.
  • Investment Decisions: Choose tax-saving options like ELSS, PPF.

Old Tax Regime:
• Higher tax rates
• Multiple deductions (80C, 80D, HRA, etc.)
• Standard deduction: ₹50,000 (Individuals/HUF)
• Rebate up to ₹12,500 (taxable income ≤ ₹5,00,000, Individuals/HUF)
• Opt-in via ITR/Form-10-IEA
New Tax Regime:
• Lower tax rates (Individuals/HUF)
• Limited deductions (standard, NPS, family pension)
• Standard deduction: ₹75,000 (Individuals/HUF)
• Rebate up to ₹60,000 (taxable income ≤ ₹12,00,000, Individuals/HUF)
• Default regime

New Tax Regime (FY 2025-26, Individuals/HUF):
• Up to ₹4,00,000: 0%
• ₹4,00,001 - ₹8,00,000: 5%
• ₹8,00,001 - ₹12,00,000: 10%
• ₹12,00,001 - ₹16,00,000: 15%
• ₹16,00,001 - ₹20,00,000: 20%
• ₹20,00,001 - ₹24,00,000: 25%
• Above ₹24,00,000: 30%
Old Tax Regime (Individuals, Below 60 years):
• Up to ₹2,50,000: 0%
• ₹2,50,001 - ₹5,00,000: 5%
• ₹5,00,001 - ₹10,00,000: 20%
• Above ₹10,00,000: 30%
Individuals (60-80 years):
• Up to ₹3,00,000: 0%
• ₹3,00,001 - ₹5,00,000: 5%
• ₹5,00,001 - ₹10,00,000: 20%
• Above ₹10,00,000: 30%
Individuals (Above 80 years):
• Up to ₹5,00,000: 0%
• ₹5,00,001 - ₹10,00,000: 20%
• Above ₹10,00,000: 30%
HUF/AOP/BOI/AJP (Both Regimes):
• Up to ₹2,50,000: 0%
• ₹2,50,001 - ₹5,00,000: 5%
• ₹5,00,001 - ₹10,00,000: 20%
• Above ₹10,00,000: 30%
Note: Rebate: ₹12,500 (Old, Individuals/HUF, ≤₹5L); ₹60,000 (New, Individuals/HUF, ≤₹12L). Surcharge: 10% (₹50L-₹1Cr), 15% (₹1Cr-₹2Cr), 25% (>₹2Cr). Cess: 4%.