Compare Old vs New tax regime. Calculate exact tax payable, monthly take-home, and download a detailed Excel report. Updated for Budget 2025.
Your income & deductions
Tax comparison
Tax payable (New Regime)
₹0
Effective rate: 0%
Gross income₹0
Standard deduction₹0
Other deductions₹0
Taxable income₹0
Tax before cess₹0
Health & Edu cess (4%)₹0
Net tax payable₹0
Monthly take-home₹0
Tax slab reference — FY 2025-26
New Regime (default)
Income slab
Rate
Up to ₹4,00,000
Nil
₹4L – ₹8L
5%
₹8L – ₹12L
10%
₹12L – ₹16L
15%
₹16L – ₹20L
20%
₹20L – ₹24L
25%
Above ₹24L
30%
Rebate 87A: Zero tax if total income ≤ ₹12L
Old Regime
Income slab
Rate
Up to ₹2,50,000
Nil
₹2.5L – ₹5L
5%
₹5L – ₹10L
20%
Above ₹10L
30%
Rebate 87A: Zero tax if taxable income ≤ ₹5L · Standard deduction ₹50,000
Income Tax — FAQs
Which regime is better — Old or New? +
New Regime is better if your income is up to ₹12L (zero tax via 87A rebate) or total deductions are under ₹3.75L. Old Regime benefits those with large deductions like 80C + HRA + 80D. This calculator auto-compares both for you.
Is income up to ₹12L tax-free in 2025-26? +
Yes, under the New Tax Regime. After the standard deduction of ₹75,000, the taxable income is ₹11,25,000, and the Section 87A rebate of ₹60,000 brings the net tax to zero. But if your income exceeds ₹12L, full tax applies on the entire taxable income.
What is the standard deduction in FY 2025-26? +
₹75,000 under New Regime and ₹50,000 under Old Regime. Applied automatically to all salaried employees and pensioners — no proof required.
Can I switch between regimes each year? +
Salaried employees can switch every year at ITR filing time. Business owners/professionals with business income can only switch once (from old to new) and cannot revert.
Income Tax Guide — FY 2025-26
Key changes in Budget 2025
New Regime standard deduction increased to ₹75,000 (from ₹50,000)
Section 87A rebate raised to ₹60,000 — zero tax on income up to ₹12 lakh
New tax slab of 25% for ₹20L–₹24L introduced
New Regime is now the default regime for all taxpayers
NPS employer contribution deduction raised to 14% under New Regime
New Regime vs Old Regime — When is Old Regime better?