Income Tax Calculator: Old vs New Regime for FY 2025-26 (AY 2026-27)
By ToolZoneX Team
•
June 2026
The Indian income tax system offers two regimes: the Old Regime (with deductions like 80C, 80D, HRA) and the New Regime (lower slab rates but fewer deductions). Choosing the right one can save you thousands. Our calculator helps you compare both instantly.
How to Use Income Tax Calculator
1.
Enter your gross annual income2.
Add applicable deductions (80C, 80D, HRA, etc.) for Old Regime3.
View tax computed under both regimes side-by-side4.
See which regime saves you more tax
Key Features
- Updated slabs for FY 2025-26 (Budget 2025 changes)
- Includes Section 87A rebate computation
- Supports HRA, LTA, standard deduction, NPS 80CCD(1B)
- Shows effective tax rate and monthly tax deduction
When to Use This Tool
•
Annual tax planning for salaried employees•
Deciding between Old and New regime before April•
Estimating advance tax payments for freelancers•
Understanding the impact of home loan deductions
Frequently Asked Questions
Under the New Regime (FY 2025-26), income up to ₹12.75 lakh (with standard deduction) is effectively tax-free due to the Section 87A rebate.
Salaried employees can switch between regimes each year. Business/profession income holders have limited switching options.
Yes, from FY 2023-24 onwards, the New Regime is the default. You must explicitly opt for the Old Regime.
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