Use our free income tax calculator India for FY 2026-27 to compare your tax liability under the Old Regime and the New Regime side by side. Enter your annual salary, eligible deductions under Section 80C (up to ₹1.5 lakh), 80D (health insurance), HRA exemption, and home loan interest under Section 24(b) to compute your precise tax payable — including surcharge and health & education cess at 4%. Updated for Union Budget 2025 with the latest tax slabs and the revised standard deduction of ₹75,000 under the New Regime.
Income Tax Calculator FY 2025-26 (AY 2026-27)
Compare Old vs New Tax Regime — find out which saves you more tax
💸 Enter Your Income Details
Enter total CTC or gross annual income before any deductions
Age affects basic exemption limit in Old Regime
📄 Deductions from Salary Income
Enter the exempt HRA as calculated per Income Tax rules
PT deducted by employer from salary; max ₹2,500 per year
LTA (Sec 10(5)), Leave Encashment (Sec 10(10AA)), Uniform Allowance, Children Education Allowance & other Sec 10 salary exemptions
🏠 Deduction from House Property
Interest on home loan for self-occupied property
📝 Chapter VI-A Deductions (Old Regime Only)
PPF, ELSS, LIC, PF, NSC, home loan principal, etc.
₹25,000 self+family; additional ₹50,000 for senior parents
Additional NPS contribution over & above 80C limit
Education loan interest (80E), donations (80G), savings a/c interest up to ₹10,000 (80TTA), rent paid if no HRA (80GG), etc.
✅ Your Tax Comparison — FY 2025-26
New Tax Regime
₹0
Effective Rate: 0%
Old Tax Regime
₹0
Effective Rate: 0%
| Particulars | Old Regime (₹) | New Regime (₹) |
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⚠ Important Disclaimer: This calculator is for indicative purposes only and is based on publicly available tax slabs for FY 2025-26. Tax computation may vary based on specific exemptions, perquisites, and individual circumstances. Please consult a qualified Chartered Accountant before filing your Income Tax Return.
Want this comparison in Excel?
Download our CA-prepared Old vs New regime comparison with FY 2025-26 and FY 2026-27 slabs built-in. Works offline, no login.