Tax Savings Calculator India
Compare Old vs New Tax Regime (FY 2025-26). Find where you save more money.
1. Annual Income
Gross Salary
Other Income (Interest/Rental)
2. Deductions (Old Regime)
Section 80C, 80D, etc.
Section 80C
Max ₹1.5L
PPF, EPF, ELSS, LIC, Tuition Fees
Section 80D (Health Insurance)
Max ₹25k / ₹50k
Section 80CCD (1B) (NPS)
Max ₹50k
HRA Exemption
Actual Exempt Amount
Enter the calculated exempt HRA amount, not total rent.
Home Loan Interest (Sec 24)
Max ₹2L
Switch to Old Regime
You save ₹15,600 by choosing the Old Regime.
New Regime Tax
₹0
Std Ded: ₹75k
Old Regime Tax
₹0
Std Ded: ₹50k
Total Deductions Claimed:
₹0
*Includes Standard Deduction (₹50k for Old, ₹75k for New).
Old vs New Tax Regime (FY 2025-26)
The Union Budget has made the **New Tax Regime** the default option. It offers lower tax rates but removes most popular exemptions (like HRA and 80C). The **Old Tax Regime** retains high tax rates but allows you to claim deductions to lower your taxable income.
New Regime Slabs (FY 2025-26)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹3 Lakh | Nil |
| ₹3L to ₹7L | 5% |
| ₹7L to ₹10L | 10% |
| ₹10L to ₹12L | 15% |
| ₹12L to ₹15L | 20% |
| Above ₹15L | 30% |
Note: Under the New Regime, income up to ₹7 Lakh is tax-free due to the rebate u/s 87A. The Standard Deduction has been increased to ₹75,000.
When should you choose Old Regime?
You should consider sticking to the Old Regime if you have significant investments and expenses that qualify for deductions:
- Section 80C: Up to ₹1.5 Lakh (EPF, PPF, ELSS, Life Insurance).
- Section 80D: Medical Insurance premiums (₹25k to ₹1 Lakh).
- HRA: If you live in a rented house and receive HRA.
- Home Loan: Interest deduction up to ₹2 Lakh under Section 24(b).
Use this calculator to find the “Breakeven Point” where deductions make the Old Regime more profitable than the New Regime.