Tax Calculator
Income Tax Calculator (Salaried Professional)
A comparative analysis of Old Regime and New Regime liability — with complete section-wise deductions, ITR form guidance, and exportable summary for Indian salaried taxpayers.
For the financial year 2025-26, the New Tax Regime remains the default — offering revised slabs with a rebate under Section 87A that renders income up to ₹12 lakh effectively tax-free, rising to ₹12.75 lakh for salaried employees after the standard deduction. The Old Regime, while retaining higher headline rates, permits a bouquet of Chapter VI-A deductions and exemptions that can still prove advantageous for taxpayers with substantial home loans, HRA claims, and investment-linked savings. This calculator quantifies your liability under both, recommends the appropriate ITR form, and produces a printable summary for your records.
§ I Enter Your Financial Particulars
The following exemptions reduce taxable salary only under the Old Regime. Under the New Regime they are disallowed and replaced by the higher ₹75,000 standard deduction.
Chapter VI-A deductions are largely restricted to the Old Regime. The sole exception retained under the New Regime is Section 80CCD(2) — employer contribution to NPS.
§ IX Frequently Asked Questions
Disclaimer: This calculator is provided for educational and planning purposes only. While every effort has been made to reflect the tax slabs, deductions, rebates, and surcharge structure applicable for Financial Year 2025-26 (Assessment Year 2026-27) as per the Income-tax Act, 1961 and amendments through the Finance Act 2025, the output should not be construed as professional tax, legal, or financial advice. Individual tax positions vary based on specific facts and circumstances. Taxpayers are advised to consult a qualified Chartered Accountant or tax professional before filing returns. Capital gains are taxed at special rates and are not included in slab-based computation here. The calculator does not account for agricultural income aggregation, MAT/AMT provisions, or foreign tax credits.