Income Tax Estimator
Compare Old vs New regime and find out exactly how much tax you owe — with every deduction explained.
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How this calculator works
India introduced the New Tax Regime in Budget 2020, offering lower slab rates but without most deductions. The Old Regime lets you claim HRA, 80C, home loan interest, and many more. This calculator helps you compare both and pick the regime that saves you more money.
Tax = Sum of (Income slab × Slab rate) + 4% Health & Education Cess
Last updated: March 2026 · Rates and slabs updated for FY 2025-26
Max out 80C first
₹1.5L investment in ELSS, PPF, or life insurance always beats the new regime for most salaried people earning under ₹15L.
HRA matters if you rent
If you pay rent, your HRA exemption alone can often tip the math toward the old regime.
Standard deduction
Both regimes now offer ₹75,000 standard deduction. It's automatically applied.
Frequently Asked Questions
The old regime allows deductions like 80C, HRA, and home loan interest, reducing your taxable income. The new regime offers lower slab rates but no deductions. The right choice depends on your total deductions — if they exceed ₹3.75L, the old regime usually wins.
₹0–3L: 0%, ₹3L–7L: 5%, ₹7L–10L: 10%, ₹10L–12L: 15%, ₹12L–15L: 20%, above ₹15L: 30%. Plus 4% Health and Education Cess on tax.
Yes — under Section 87A rebate, if your net taxable income is ₹7 lakh or less under the new regime, you pay zero tax. This effectively makes ₹7L income tax-free.
If your total deductions (80C + HRA + home loan + 80D) exceed ₹3.75 lakh annually, the old regime saves more tax. If you have minimal deductions, the new regime is better. Use this calculator to compare both instantly.