Income Tax Calculator
Calculate your income tax under both Old and New tax regimes for FY 2025-26. Compare which regime saves you more tax.
Frequently Asked Questions
Which tax regime is better?
The new regime is better for most people with fewer deductions. The old regime benefits those with significant deductions under 80C, HRA, etc.
What is the standard deduction?
Standard deduction is Rs. 75,000 under the new regime and Rs. 50,000 under the old regime for FY 2025-26.
Is income up to 12 lakhs tax-free?
Under the new regime, income up to Rs. 12 lakhs (after standard deduction of Rs. 75,000) is effectively tax-free due to the rebate under Section 87A.