Income Tax Calculator India
Compare Old Regime vs New Regime side-by-side with all your deductions — 80C, 80D, HRA, home loan, NPS, and more. Includes Section 87A rebate, surcharge, and 4% cess for FY 2025–26 (AY 2026–27).
Total tax owed
₹97,500
Effective rate 6.50% · Marginal 15.0%
Taxable income
₹14,25,000
Take-home
₹14,02,500
✓ Best choice
vs Old Regime (with deductions): ₹2,02,800
You'd pay ₹1,05,300 MORE under Old Regime (with deductions).
Full breakdown
Step-by-step from gross income to total tax owed.
| Gross income | ₹15,00,000 |
| Standard deduction | ₹75,000 |
| Taxable income | ₹14,25,000 |
| Income tax (before rebate) | ₹93,750 |
| Health & Education cess (4%) | ₹3,750 |
| Total tax | ₹97,500 |
| Take-home (post-tax) | ₹14,02,500 |
The break-even point: when does Old beat New?
Roughly, you need ₹3.75 Lakh+ in combined deductions to make the Old Regime cheaper. Here's the rough math at common income levels:
- ₹10 Lakh CTC: Old wins if deductions ≥ ~₹2.5 Lakh (likely with ₹1.5L 80C + ₹50k NPS + small HRA)
- ₹15 Lakh CTC: Old wins if deductions ≥ ~₹3.75 Lakh (₹1.5L 80C + ₹50k NPS + ₹1.5L HRA + ₹25k 80D)
- ₹25 Lakh+ CTC: Old wins if deductions ≥ ~₹4.25 Lakh (typically achievable with a home loan + 80C + NPS)
The calculator above does this comparison instantly with your actual deductions. If the green "Best choice" box is on New, that's your answer — if Old is better, you'll see an amber "Switch regime" prompt.
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Frequently Asked Questions
Old Regime vs New Regime — which should I pick?▾
The New Regime is the default from FY 2023-24. Its rule of thumb: it wins if your combined eligible deductions (80C + 80D + HRA + home loan + NPS) are LESS than approximately ₹3.75 Lakh. Beyond that threshold, the Old Regime saves more. This calculator shows BOTH side-by-side so you can see exactly which one costs less in your situation.
What is the Section 87A rebate?▾
Section 87A gives a full tax rebate (up to ₹25,000 under New Regime, ₹12,500 under Old Regime) to taxpayers whose taxable income is at or below the threshold (₹7 Lakh new / ₹5 Lakh old). The calculator applies this automatically. This is why someone with ₹7 Lakh taxable income pays zero tax under the New Regime.
How does the surcharge stack with income tax?▾
Surcharge applies on top of income tax (NOT taxable income) for high earners. New Regime: 10% above ₹50L taxable, 15% above ₹1Cr, 25% above ₹2Cr (capped at 25%). Old Regime: same up to ₹2Cr, then 37% above ₹5Cr. After surcharge, a 4% Health & Education cess is added on top of (tax + surcharge).
How is HRA calculated for tax exemption?▾
HRA exemption is the LOWEST of three: (1) actual HRA received, (2) 50% of basic salary if you live in metros / 40% in non-metros, (3) rent paid minus 10% of basic salary. So if you receive ₹3 Lakh HRA, your basic is ₹6 Lakh, and you pay ₹2.5 Lakh rent in Mumbai: the exemption is min(₹3L, ₹3L, ₹1.9L) = ₹1.9 Lakh. HRA exemption only applies under the OLD regime.
What's covered under Section 80C?▾
Section 80C lets you claim up to ₹1.5 Lakh combined across: EPF employee contribution, PPF, ELSS mutual funds, NSC, 5-year tax-saving FDs, life insurance premiums, principal repayment of home loan, Sukanya Samriddhi, NPS Tier-1 (own contribution), tuition fees (up to 2 kids), and a few others. Only applies under the OLD regime.
Can I claim home loan interest in both regimes?▾
Almost no. Under the OLD regime: up to ₹2 Lakh on a self-occupied property (Section 24b), no limit on rented property. Under the NEW regime: you CAN'T claim Section 24b for self-occupied — only for rented (let-out) properties. This is a major reason home-owners stick with the Old regime.
How accurate is this calculator?▾
It uses FY 2025-26 brackets (AY 2026-27) for both regimes, applies Section 87A rebate, surcharge, and 4% cess correctly. It does NOT model every edge case (e.g. partial 80CCD(2) employer NPS, LTCG separate rates, foreign tax credit, AMT). For complex returns consult a CA or tax adviser. For most salaried Indians it gives an accurate estimate.
What about TDS already deducted from my salary?▾
TDS (Tax Deducted at Source) is the tax your employer withholds throughout the year via Form 16. This calculator shows the TOTAL tax owed for the year — your TDS already paid would be subtracted at filing time to determine if you owe more or get a refund. Check Form 26AS / AIS for your TDS paid.