Income Tax Calculator (FY 2025-26)
Compare old vs new regime side-by-side, with all major deductions. Rebate u/s 87A and 4% cess included.
Cap ₹1.5L
Cap ₹25k / ₹50k senior
Use the HRA calculator to compute
Cap ₹2L for self-occupied
Allowed in BOTH regimes
File your ITR with this regime factored in.
The main NetCorpus India planner rolls this into a 50-year retirement plan alongside your loans, EPF, taxes, trips, and life goals.
Compares your tax liability under the old and new regimes for FY 2025-26 side by side, and automatically flags which one is cheaper for your specific numbers.
New regime slabs: nil up to ₹4L, 5% from ₹4-8L, 10% from ₹8-12L, 15% from ₹12-16L, 20% from ₹16-20L, 25% from ₹20-24L, 30% above ₹24L — plus a ₹75,000 standard deduction and full rebate (up to ₹60,000) if taxable income is ≤₹12L. Old regime keeps a lower basic exemption (₹2.5L below 60, ₹3L for 60–79, ₹5L for 80+) with a ₹50,000 standard deduction, but allows deductions like 80C (₹1.5L cap), 80D, HRA exemption, and home loan interest — plus a smaller ₹12,500 rebate if taxable income is ≤₹5L. Both add a 4% health & education cess on the final tax.
At ₹15L gross income with ₹1.5L in 80C and ₹25,000 in 80D, the old regime's deductions often bring taxable income down enough to compete with or beat the new regime's lower rates — but past roughly ₹15-18L gross with typical deduction levels, the new regime usually wins because its lower rates outweigh the old regime's deductions. The exact crossover depends entirely on how much you can actually claim under the old regime.
Which tax regime should I choose?▾
There's no universal answer — it depends on how much you can genuinely claim in old-regime deductions (80C, 80D, HRA, home loan interest). If your claimable deductions are modest, the new regime's lower rates usually win. Enter your real numbers here rather than assuming either regime is automatically better.
Can I switch between regimes every year?▾
Salaried individuals (with no business income) can choose either regime every financial year when filing their return, regardless of what they declared to their employer for TDS purposes — so it's worth recomputing this every year as your income and deductions change.