Income Tax Calculator (India)

Old or new tax regime — which should I pick for FY 2025-26 (India)?

Enter your gross annual income in AnyTool Income Tax Calculator and it computes the tax under both regimes for FY 2025-26 (AY 2026-27) and recommends the cheaper one. The new regime (default) uses lower slabs — 0/5/10/15/20/25/30% — a ₹75,000 standard deduction for salaried earners and a Section 87A rebate that makes taxable income up to ₹12 lakh tax-free (₹12.75 lakh after the standard deduction). The old regime has higher slabs but lets you claim 80C, 80D, HRA, home-loan interest u/s 24(b) and NPS, with an age-based exemption and a smaller ₹5 lakh 87A rebate. Both add a 4% Health & Education cess. Everything is computed live in your browser.

New regime slabs: 0% ≤4L, 5% 4–8L, 10% 8–12L, 15% 12–16L, 20% 16–20L, 25% 20–24L, 30% above 24L
New regime: ₹75k standard deduction + 87A rebate → tax-free up to ₹12L taxable (₹12.75L salaried)
Old regime: deductions (80C ≤1.5L, 80D, HRA, 24(b) ≤2L, NPS 80CCD(1B) ≤50k), 87A rebate ≤ ₹5L
4% Health & Education cess on both; the tool recommends the cheaper regime with the saving
100% in your browser — no upload, no signup, works offline

What is

Old vs New Tax Regime (India, FY 2025-26)

India offers two ways to compute personal income tax. The new regime (the default since FY 2023-24) applies lower, wider slab rates and a ₹75,000 standard deduction but forgoes most deductions; its Section 87A rebate makes taxable income up to ₹12 lakh tax-free for FY 2025-26. The old regime keeps higher rates but lets taxpayers reduce taxable income with deductions such as 80C, 80D, HRA and home-loan interest, with a smaller 87A rebate up to ₹5 lakh and a basic exemption that rises with age. A 4% Health & Education cess applies under both, and a taxpayer chooses whichever regime yields the lower tax.

Calculators

Related terms

New tax regimeOld tax regimeSection 87A rebateStandard deductionSection 80CHealth & Education cess

Frequently Asked Questions

For FY 2025-26 (AY 2026-27) the new regime gives a Section 87A rebate that zeroes the tax on taxable income up to ₹12 lakh. Because salaried taxpayers also get a ₹75,000 standard deduction, gross salary up to ₹12.75 lakh can result in no tax. Above ₹12 lakh the rebate phases out with marginal relief so the extra tax never exceeds the income over ₹12 lakh. AnyTool Income Tax Calculator applies this automatically and shows the slab-wise breakdown.

Up to ₹12 lakh of taxable income is tax-free thanks to the Section 87A rebate — ₹12.75 lakh for salaried earners after the ₹75,000 standard deduction.

The new regime slabs for FY 2025-26 are: 0% up to ₹4 lakh, 5% from ₹4–8 lakh, 10% from ₹8–12 lakh, 15% from ₹12–16 lakh, 20% from ₹16–20 lakh, 25% from ₹20–24 lakh and 30% above ₹24 lakh, with a 4% Health & Education cess on the tax. A ₹75,000 standard deduction applies to salaried income and the Section 87A rebate makes taxable income up to ₹12 lakh tax-free. AnyTool computes the tax in each slab live as you type.

Nil up to ₹4L, 5% ₹4–8L, 10% ₹8–12L, 15% ₹12–16L, 20% ₹16–20L, 25% ₹20–24L and 30% above ₹24L, plus a 4% cess.

The old regime can win when you claim substantial deductions: 80C up to ₹1.5 lakh, 80D health premiums, HRA exemption, home-loan interest u/s 24(b) up to ₹2 lakh and NPS 80CCD(1B) up to ₹50,000, plus a higher age-based basic exemption for senior citizens. If those deductions cut your taxable income enough, the old regime’s higher rates still produce a lower bill than the new regime. There is no single break-even — it depends on your numbers, which is exactly why AnyTool computes both and recommends the cheaper one.

When your deductions are large — typically when 80C, 80D, HRA, home-loan interest and NPS together exceed the slab savings of the new regime.

AnyTool Income Tax Calculator is completely free with no account, and the math runs on a small, unit-tested engine entirely in your browser, so your income and deductions are never sent to a server. It is an estimate for FY 2025-26: your real tax also depends on capital gains, other income, the exact HRA computation, surcharge with marginal relief and many other deductions, so verify with a chartered accountant or the official Income Tax Department calculator before filing.

Yes, it is free with no signup, and nothing is uploaded — every calculation runs in your browser and the page works offline.

Compare income tax under the old and new regimes for FY 2025-26 (AY 2026-27) from your gross income and deductions, with the Section 87A rebate, standard deduction, surcharge and 4% cess applied, a slab-wise breakdown for each regime and an automatic recommendation of the cheaper one — computed live in your browser.

Features

Old vs new regime computed side by side, cheaper one recommended
FY 2025-26 slabs, ₹12L new-regime 87A rebate and ₹75k standard deduction
Old-regime deductions: 80C, 80D, HRA, home-loan 24(b), NPS 80CCD(1B)
Age-based exemption, surcharge bands and 4% Health & Education cess
Honest estimate caveat (capital gains, other income, verify with a CA) — 100% client-side

PriceFree

CategoryCalculator

PlatformAll (browser-based)

PrivacyThe income and deductions you enter never leave your device

Input: Gross annual income, Salaried/other toggle, Age group, Old-regime deductions (80C/80D/HRA/24(b)/NPS)

Output: Tax under new regime, Tax under old regime, Recommended regime & saving, Effective rate, take-home & slab-wise breakdown

Detailed Explanation

Methodology

How the Income Tax Calculator Works (FY 2025-26)

From a single gross annual income figure the calculator computes tax under both Indian regimes for FY 2025-26 (AY 2026-27) and recommends the cheaper one. The new regime subtracts a ₹75,000 standard deduction (for salaried/pension income) and applies progressive slabs — 0% up to ₹4 lakh, then 5%, 10%, 15%, 20%, 25% and 30% in ₹4-lakh bands up to ₹24 lakh and beyond — then applies the Section 87A rebate, which zeroes tax on taxable income up to ₹12 lakh with marginal relief just above it. The old regime instead subtracts a ₹50,000 standard deduction plus the deductions you enter (80C, 80D, HRA, home-loan interest, NPS), uses an age-based exempt slab and the older 0/5/20/30% rates, and gives an 87A rebate up to ₹12,500 below ₹5 lakh. Both add a 4% Health & Education cess. All math is a pure function in a small, unit-tested engine.

New regime slabs FY 2025-26: 0/5/10/15/20/25/30% across ₹4-lakh bands
New regime: ₹75k standard deduction + 87A rebate → tax-free to ₹12L taxable
Old regime: ₹50k standard deduction, 80C/80D/HRA/24(b)/NPS, 87A rebate ≤ ₹5L
Age-based old-regime exemption: ₹2.5L (<60), ₹3L (60–80), ₹5L (80+)
4% Health & Education cess on both; cheaper regime recommended

How It Works

Old vs New: Why the Recommendation Is Per-Person

There is no universal answer to old-vs-new; it depends entirely on how many deductions a taxpayer claims. The new regime trades away deductions for lower slab rates and the generous ₹12 lakh 87A rebate, so it wins for most people with few investments or rent claims. The old regime can still win when 80C (≤₹1.5 lakh), 80D, HRA exemption, home-loan interest u/s 24(b) (≤₹2 lakh) and NPS 80CCD(1B) (≤₹50,000) together cut taxable income enough to overcome its higher rates — common for those with a home loan and full 80C usage. Because the break-even shifts with every deduction and income level, the calculator computes both regimes exactly and reports which is cheaper and by how much, rather than offering a rule of thumb.

New regime usually wins with few deductions, thanks to the ₹12L rebate
Old regime can win with large 80C + HRA + home-loan-interest claims
Home-loan interest u/s 24(b) up to ₹2 lakh is old-regime only
No fixed break-even — it depends on income and total deductions
The tool computes both and names the cheaper one with the saving

Limitations

What the Calculator Does Not Cover

This is an estimate for salaried/individual income, not a full tax computation. It does not handle capital gains (taxed at special rates outside the slabs), other heads such as business or house-property income beyond a simple figure, the detailed least-of HRA computation (you enter the exempt amount yourself), less common deductions like 80E, 80G, 80TTA/TTB and LTA, employer-specific salary structuring, or TDS already deducted. High-income surcharge and its marginal relief are approximated. Slabs and rebates change with every Union Budget, so the FY 2025-26 figures here are dated and should be re-checked each year. Use it as a quick old-vs-new comparison and confirm with a chartered accountant or the official Income Tax Department calculator before filing.

Capital gains and special-rate income are not modelled
HRA exemption is entered by the user, not computed least-of
Less common deductions (80E, 80G, 80TTA/TTB, LTA) are out of scope
Surcharge with marginal relief is approximated
Dated to FY 2025-26 — verify with a CA before filing

Income tax estimation: in-browser (AnyTool) vs typical online tax calculators
Capability	AnyTool	Typical online tax calculators
Processing	Runs in your browser	Often server-side
Old vs new regime	Both, side by side, recommended	Sometimes one at a time
FY 2025-26 slabs	Dated in a unit-tested engine	Sometimes stale
87A rebate & cess	Both regimes, with marginal relief	Often partial
Slab-wise breakdown	Shown for each regime	Usually a single total
Deductions	80C/80D/HRA/24(b)/NPS inputs	Frequently limited
Honesty about scope	States capital-gains/CA caveat	Rarely stated
Works offline	Yes (PWA)	No
Cost / signup	Free, no signup	Often gated or lead-gen

AnyTool computes the comparison locally and uploads nothing. Slabs as of FY 2025-26 (AY 2026-27); comparison as of June 2026.

Cite This Page

Title: Income Tax Calculator (India — old vs new regime, FY 2025-26 / AY 2026-27, recommended)
Author: AnyTool
Published: January 1, 2026
Modified: February 8, 2026
Section: Calculators
URL: https://www.anytool.tech/income-tax-calculator

Formatted Citation

AnyTool. "Income Tax Calculator (India — old vs new regime, FY 2025-26 / AY 2026-27, recommended)." AnyTool, January 1, 2026. https://www.anytool.tech/income-tax-calculator

A privacy-first, 100% client-side India income tax calculator that computes tax under both the new and old regimes for FY 2025-26 (AY 2026-27) from a single gross-income figure and recommends the cheaper one. The new regime applies a ₹75,000 standard deduction for salaried earners and progressive slabs (0% up to ₹4L, then 5/10/15/20/25/30% across ₹4-lakh bands), with a Section 87A rebate that makes taxable income up to ₹12 lakh tax-free (₹12.75L gross salary after the standard deduction) and marginal relief just above it, and a surcharge capped at 25%. The old regime applies a ₹50,000 standard deduction plus user-entered deductions — 80C up to ₹1.5L, 80D, HRA exemption, home-loan interest u/s 24(b) up to ₹2L and NPS 80CCD(1B) up to ₹50k — an age-based basic exemption (₹2.5L under 60, ₹3L for 60–80, ₹5L for 80+), the older 0/5/20/30% slabs and an 87A rebate up to ₹12,500 below ₹5L. Both add a 4% Health & Education cess, and the tool shows a slab-wise breakdown, effective rate and take-home for each regime alongside the recommendation and saving. It is honest about being an estimate: capital gains, other heads of income, the detailed HRA least-of computation, less common deductions and TDS are out of scope, surcharge marginal relief is approximated, and slabs change every Budget — so it advises verifying with a chartered accountant or the official Income Tax Department calculator before filing. All computation is a pure, unit-tested function that runs entirely in the browser, uploading nothing and working offline.