Old vs New Tax Regime Calculator 2025-26
Compare income tax under the new and old tax regimes for FY 2025-26. Includes standard deduction, HRA and Chapter VI-A exemptions.
Enter your annual gross salary and old-regime exemptions. The calculator applies the 2025-26 slabs, the ₹75,000 standard deduction, HRA and Chapter VI-A, and tells you which regime saves more tax.
80C, 80D, home-loan interest, HRA exemption etc.
From FY 2025-26, the new tax regime is the default, but employees can still opt for the old regime. The best choice depends on your income and the exemptions you can claim.
The new regime has lower slabs but no exemptions except the ₹75,000 standard deduction. The old regime allows exemptions but has a lower standard deduction and higher slabs.
How the calculation works
- Enter annual gross: your total taxable salary before exemptions.
- Old regime exemptions: enter the total you can claim under 80C, 80D, HRA, home-loan interest and other Chapter VI-A sections.
- Standard deduction: the calculator applies ₹75,000 for the new regime and ₹50,000 for the old regime.
- §87A rebate: the new regime has full rebate up to ₹12 lakh taxable income and marginal relief just above. The old regime has rebate up to ₹5 lakh taxable income.
- Compare: the calculator shows tax under both regimes and the savings.
Worked example
Annual gross ₹12,00,000, old-regime exemptions ₹1,50,000. New regime tax ≈ ₹70,200. Old regime tax ≈ ₹1,15,920. New regime is cheaper by ≈ ₹45,720. The exact saving depends on your exemptions and surcharge slab.
Frequently asked questions
- Can I switch between old and new regime every year?
- Salaried individuals can choose every financial year. Those with business income cannot switch back easily.
- What exemptions are available in the new regime?
- Only the standard deduction of ₹75,000 and employer NPS contribution under Section 80CCD(2).
- Is the new regime always better?
- Not always. If you have large exemptions like HRA, home-loan interest and 80C, the old regime may be cheaper.