Which tax regime should I choose?

The new regime has lower rates and a higher standard deduction but no Section 80C/80D deductions. If your eligible deductions are large (typically above roughly ₹3.75 lakh), the old regime often works out cheaper, this calculator compares both directly.

Does this include surcharge?

No. This estimate excludes the surcharge that applies to income above ₹50 lakh. It also assumes an individual taxpayer below 60 years of age.

What deductions count under the old regime?

Section 80C (up to ₹1.5 lakh: PF, ELSS, life insurance, etc.), Section 80D (health insurance), and HRA/other exemptions are combined into the single deductions input here for simplicity.

Income Tax Calculator

Compare income tax under India's old and new tax regimes.

How this is calculated

Slab-based tax on taxable income (gross − standard deduction − eligible deductions), less Section 87A rebate, plus 4% health & education cess

Assumptions used in this calculation

Financial year: FY2024-25 (AY2025-26) slabs and standard deduction amounts.
Excludes surcharge: Surcharge on income above ₹50 lakh is not included in this estimate.

About this calculator

The income tax calculator estimates your annual income tax liability under both the old and new Indian tax regimes (FY2024-25 / AY2025-26), applying the standard deduction, Section 87A rebate, and 4% health & education cess, so you can see which regime results in lower tax.

Worked example

₹12,00,000 income, ₹1,50,000 deductions

Result: New regime tax ≈ ₹71,500; old regime tax ≈ ₹1,17,000, new regime recommended

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