Tax Regime Calculator FY 2025-26 | TheFinVerge Services

📋 Your Income & Deduction Details

Fill in your details below. Deductions are auto-capped at statutory limits. New regime fields are disabled — only allowed deductions apply there.

Basic Details

Annual Gross Income (₹) Before any deduction

Taxpayer Type

Age Group Affects old regime exemption

Old Regime Deductions Only (80C, 80D, HRA etc.)

Important: These deductions apply ONLY to the old regime. The new regime does NOT allow 80C, 80D, HRA, LTA, or home loan interest on self-occupied property. New regime uses only standard deduction (₹75,000) + employer NPS contribution (80CCD-2).

80C — EPF / PPF / ELSS / LIC Max ₹1,50,000

80D — Health Insurance Self+Family Max ₹25,000

80D — Health Insurance Parents Max ₹25K / ₹50K senior parents

HRA Exemption Old regime only

80CCD(1B) — Self NPS Contribution Max ₹50,000

Home Loan Interest — Self-Occupied Max ₹2,00,000 | Old regime only

LTA (Leave Travel Allowance) Old regime only

80E — Education Loan Interest Old regime only, actual interest

Other Deductions (80G, 80TTA etc.) Old regime only

Allowed in BOTH Regimes

80CCD(2) — Employer NPS Contribution Max 14% of basic salary | Both regimes

Home Loan Interest — Let-Out Property No upper limit | Both regimes

Gross Income

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before deductions

Old Regime Tax

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incl. cess

New Regime Tax

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incl. cess

Best Saves You

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per year

📊 Tax Comparison Result

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OLD

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NEW

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Enter your income and deductions above to see the result.

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annual saving

Old Regime — Tax Breakdown

New Regime — Tax Breakdown

Taxable Income Summary

Gross income—

Standard deduction (old)—

Chapter VIA deductions (old)—

Both-regime deductions—

Old taxable income —

Gross income—

Standard deduction (new)—

Both-regime deductions—

87A rebate applied?—

New taxable income —

Disclaimer: This calculator is for educational and informational purposes only, based on Finance Act 2025 / Union Budget 2025 rules for FY 2025-26 (AY 2026-27). Budget 2026 confirmed no slab changes. Surcharge (applicable on income above ₹50 lakh) is not included. Marginal relief, AMT, and special income (capital gains, lottery) are not covered. Always consult a qualified tax professional before filing your ITR. TheFinVerge Services is not a registered Investment Adviser under SEBI (IA) Regulations, 2013.

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🟢 New Tax Regime — FY 2025-26

Default regime from FY 2023-24. Uniform slabs for ALL ages. Budget 2025 introduced major changes effective 1 April 2025.

Income Slab	Tax Rate	Tax on Slab
Up to ₹4,00,000	NIL	₹0
₹4,00,001 – ₹8,00,000	5%	₹20,000
₹8,00,001 – ₹12,00,000	10%	₹40,000
₹12,00,001 – ₹16,00,000	15%	₹60,000
₹16,00,001 – ₹20,00,000	20%	₹80,000
₹20,00,001 – ₹24,00,000	25%	₹1,00,000
Above ₹24,00,000	30%	On balance

✔ Standard deduction: ₹75,000 for salaried/pensioners
✔ 87A rebate: ₹60,000 — zero tax up to ₹12L taxable income
✔ Salaried tax-free up to ₹12.75L (after std deduction)
✔ Max surcharge capped at 25%
✔ No separate slabs for senior citizens
✔ Budget 2026 — no changes, same slabs continue

🔵 Old Tax Regime — FY 2025-26

Optional regime. Unchanged for years. Better if your total deductions (80C+80D+HRA+HL interest) are large.

Income Slab (Below 60)	Rate
Up to ₹2,50,000	NIL
₹2,50,001 – ₹5,00,000	5%
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

✔ Standard deduction: ₹50,000 for salaried/pensioners
✔ 87A rebate: ₹12,500 — zero tax up to ₹5L income
✔ Senior citizen (60–80): basic exemption ₹3,00,000
✔ Super senior (80+): basic exemption ₹5,00,000
✔ All 80C, 80D, HRA, home loan deductions allowed
✔ Max surcharge 37% for income above ₹5 Cr

💡 Which Regime to Choose?

A simple rule: if your total deductions (80C + 80D + HRA + home loan interest + NPS) exceed ₹3.75 lakh, the old regime is likely better. Otherwise the new regime wins for most salaried individuals, especially those earning up to ₹12.75 lakh who pay zero tax. Use the Calculator tab above to find your exact answer.

Source: Finance Act 2025, Income Tax Act 1961 (applicable until 31 March 2026), Income Tax Act 2025 (effective 1 April 2026, Section 202 governs new regime). Budget 2026 confirmed no changes for FY 2026-27. For educational reference only — consult a tax professional before filing.

📋 Complete Deductions — Old vs New Regime

Updated as per Finance Act 2025 and Income Tax Act 2025 (effective 1 April 2026). Section numbers are changing under the new Act but limits remain the same.

Deduction / Exemption	Maximum Limit	Old Regime	New Regime
Standard deduction (salaried/pensioners)	—	✔ ₹50,000	✔ ₹75,000
Section 87A rebate	—	✔ ₹12,500 (≤₹5L)	✔ ₹60,000 (≤₹12L)
80C — EPF, PPF, ELSS, LIC, tuition, SSY, ULIP (pre-2021)	₹1,50,000	✔	✗
80D — Health insurance (self + spouse + kids)	₹25,000	✔	✗
80D — Health insurance (parents)	₹25K / ₹50K senior	✔	✗
HRA exemption (Section 10-13A)	Actual / formula	✔	✗
LTA — Leave Travel Allowance	Actual travel costs	✔	✗
Section 24(b) — Home loan interest (self-occupied)	₹2,00,000	✔	✗
Section 24(b) — Home loan interest (let-out property)	No limit	✔ Both	✔ Both
80CCD(1B) — Self NPS contribution (additional)	₹50,000	✔	✗
80CCD(2) — Employer NPS contribution	14% of basic	✔ Both	✔ Both
80E — Education loan interest	Actual interest (8 yrs)	✔	✗
80G — Donations to approved funds	50% / 100%	✔	✗
80TTA — Savings account interest	₹10,000	✔	✗
80TTB — Interest income (senior citizens)	₹50,000	✔	✗
Gratuity exemption	₹20,00,000	✔ Both	✔ Both
Leave encashment exemption	₹25,00,000	✔ Both	✔ Both
Commuted pension	Statutory limits	✔ Both	✔ Both
ULIP redemption (high premium) — taxed as LTCG at 12.5% from Apr 2026	Premiums >₹2.5L	New rule from 1 April 2026 — applicable in both regimes

🔑 Key Changes — Income Tax Act 2025 (Effective 1 April 2026)

• The terms "Financial Year" and "Assessment Year" are replaced by "Tax Year"
• Section numbers are renamed (e.g. 80C becomes a new section number) — but benefit limits remain unchanged
• ITR-3 and ITR-4 (non-audit) deadline extended to 31 August (from 31 July) effective FY 2026-27
• ITR-1 and ITR-2 deadline remains 31 July
• Share buyback amounts now taxed as capital gains (not deemed dividend)
• Updated ITR filing allowed up to 48 months (from 24 months) from end of assessment year
• HRA: 50% exemption now applies to 8 metro cities (added Bengaluru, Pune, Hyderabad, Ahmedabad)

Source: Finance Act 2025, Income Tax Act 1961, Income Tax Act 2025, CBDT circulars, Budget 2026. This information is for educational purposes only. Section numbers and limits are subject to change. Consult a Chartered Accountant or tax professional before making any filing decisions.

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Old vs New — Instant Analysis