Tax calculator
Old regime or new — which costs you less?
Your figures
Indicative estimate only, not professional tax advice — consult us for your exact figures.
Total salary and other ordinary income before any deductions.
₹12.00 L
The new regime disallows these, so they only affect the old-regime column.
What counts here?
- 80C — PPF, ELSS, life insurance, principal repayment, tuition fees
- 80D — health insurance premium for self and parents
- 80CCD(1B) — additional NPS contribution
- 24(b) — interest on a home loan for a self-occupied property
- HRA and LTA exemptions, where applicable
Indicative result
You would pay ₹1,17,000 less under the new regime.
Indicative estimate only, not professional tax advice — consult us for your exact figures.
New regime
Wider slabs, higher standard deduction, no other deductions
₹0
Total tax payable · effective rate 0.00%
- Gross income
- ₹12,00,000
- Standard deduction
- − ₹75,000
- Other deductions
- − ₹0
- Taxable income
- ₹11,25,000
- Tax before rebate
- ₹52,500
- Rebate u/s 87A
- − ₹52,500
- Surcharge
- ₹0
- Health & education cess
- ₹0
Old regime
Narrower slabs, but 80C, 80D, HRA and home loan interest allowed
₹1,17,000
Total tax payable · effective rate 9.75%
- Gross income
- ₹12,00,000
- Standard deduction
- − ₹50,000
- Other deductions
- − ₹1,50,000
- Taxable income
- ₹10,00,000
- Tax before rebate
- ₹1,12,500
- Rebate u/s 87A
- − ₹0
- Surcharge
- ₹0
- Health & education cess
- ₹4,500
What this calculator does not cover
- Capital gains taxed at special rates under sections 111A, 112 and 112A
- Business and professional income, including presumptive schemes
- Relief under sections 89, 90 and 91, and the AMT
- Non-resident taxation and DTAA positions
[TODO: CA to verify the FY 2025-26 slab rates, standard deduction, section 87A rebate and surcharge bands in app/data/tax.ts against incometax.gov.in before launch]
Indicative estimate only, not professional tax advice — consult us for your exact figures.
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