Tax (ITR Filing)
Income Tax (Old vs New)
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Your Income & Deductions
FY 2025-26 (AY 2026-27)
80C, 80D, HRA, home loan interest, etc.
Common Deductions to Add
- 80CPPF, ELSS, LIC, EPF (max ₹1.5L)
- 80DHealth insurance (₹25K-50K)
- HRAHouse rent allowance
- 80CCD(1B)NPS extra ₹50K
- 24(b)Home loan interest (₹2L)
New Regime is Better
Save ₹97,500
Pick the regime below to file your ITR
Best Tax
₹97,500
In-Hand
₹14,02,500
Effective Rate
6.5%
Side-by-Side Comparison
See exactly how each regime calculates your tax
₹97,500
₹1,95,000
Insight
Your deductions are too low to make Old Regime worth it. To break even, you would need at least ₹5,44,000 in deductions.
Note
- New regime is simpler and better if you don't have many deductions.
- Old regime is better if you claim 80C (₹1.5L), 80D, HRA, and home loan interest.
- Section 87A rebate: zero tax up to ₹12L (new) or ₹5L (old) taxable income.
- You can switch between regimes every year if you have only salary income.
About this tool
What is Income Tax (Old vs New)?
Income Tax in India is calculated based on your annual income and the tax regime you choose. The Indian government offers two regimes: the Old Regime (with deductions) and the New Regime (lower rates, no deductions). For FY 2025-26, the New Regime is the default. This calculator helps you compare both regimes and pick the one that saves more tax based on your income and deductions.
How to use
- 1.Enter your annual CTC (cost to company)
- 2.Add your total deductions (80C, 80D, HRA, home loan interest, etc.)
- 3.See instant comparison between Old and New regime
- 4.The calculator highlights the WINNER regime that saves you more tax
- 5.Use this info to choose your regime when filing ITR
Formula
New Regime: Tax = Slab-wise tax on (Income - ₹75K standard deduction)
Old Regime: Tax = Slab-wise tax on (Income - ₹50K - other deductions)
Final: Tax + 4% Health & Education cessFrequently asked questions
New regime is better if you don't have many deductions (rent, 80C, home loan). Old regime is better if you can claim ₹2L+ in deductions including 80C (₹1.5L), 80D (₹25K-50K), HRA, and home loan interest (₹2L). Use this calculator to see exactly which one saves you more.
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