Income Tax Calculator India — Calculate Tax Under Both Regimes
Calculate income tax for FY 2025-26 under both old and new tax regimes. Compare which regime saves you more with Section 80C 80D and HRA deductions.
India has two tax regimes and choosing the right one can save you lakhs of rupees every year. The new regime offers lower tax rates with a Rs 75000 standard deduction but no other deductions. The old regime has higher rates but allows deductions under Section 80C 80D HRA LTA and others. If your total deductions exceed approximately Rs 3.75 lakh the old regime usually saves more. Otherwise the new regime is better for most salaried individuals.
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Key Information
| Parameter | Details |
|---|---|
| New Regime Standard Deduction | Rs 75000 |
| Section 80C Limit | Rs 1.5 lakh (Old Regime) |
| Section 80D (Self Health) | Rs 25000 (Rs 50000 for senior citizens) |
| Rebate Under Section 87A | Rs 25000 (income up to Rs 7 lakh new regime) |
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Use Calculator NowFrequently Asked Questions
Which tax regime should I choose?
If your total deductions under the old regime including 80C 80D HRA NPS and home loan interest exceed Rs 3.75 lakh then the old regime likely saves you more tax. For most salaried individuals earning under Rs 15 lakh with limited investments the new regime with its lower slab rates and Rs 75000 standard deduction is simpler and often cheaper.
What is Section 80C?
Section 80C allows you to claim deduction of up to Rs 1.5 lakh from taxable income by investing in specified instruments. These include EPF PPF ELSS mutual funds NSC tax-saving FDs 5 year life insurance premiums tuition fees for children and principal repayment of home loan. It is the most popular tax-saving section.
What is the last date to file ITR?
For salaried individuals and those not requiring audit the ITR filing deadline is July 31 of the assessment year. For FY 2025-26 the deadline is July 31 2026. Late filing attracts a penalty of Rs 5000 under Section 234F which reduces to Rs 1000 if total income is below Rs 5 lakh.
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Last updated: 24 March 2026