🧮 India Income Tax Auto Year

Annual Gross Income

Assessment Year

Taxpayer Type

Age Category

🆕 New Regime — Allowed Deductions

Employer NPS Contribution 80CCD(2)

Agniveer Corpus Fund 80CCH

⚠️ Disclaimer: Estimates only. Consult a CA or registered tax professional for your specific situation.

⚖️ New vs Old Regime — Full Comparison

Enter income details in the Calculator tab to see your personalised comparison.

Use Calculator tab first to enable comparison.

📊 Break-Even Deduction Table

How much total deduction you need in Old Regime to match New Regime tax — by income level.

Annual Income	New Regime Tax	Old Regime Tax (no ded.)	Need Deductions >

Old Regime tax shown with only Standard Deduction (₹50K). If your extra deductions exceed the last column, Old Regime wins.

📋 Tax Slabs AY 2026-27

✅ Data from Union Budget 2025 (presented 1 Feb 2025). FY 2025-26 / AY 2026-27. Budget 2026 made no changes to slab rates.

🆕 New Tax Regime — All Taxpayers (Same for all ages)

Income Slab	Rate	Notes
Up to ₹4,00,000	Nil	Basic exemption limit
₹4,00,001 – ₹8,00,000	5%
₹8,00,001 – ₹12,00,000	10%
₹12,00,001 – ₹16,00,000	15%
₹16,00,001 – ₹20,00,000	20%
₹20,00,001 – ₹24,00,000	25%
Above ₹24,00,000	30%

✅ Standard Deduction: ₹75,000 (salaried/pensioners only) | ✅ 87A Rebate: Up to ₹60,000 if taxable income ≤ ₹12,00,000 | ✅ Effective zero tax: Salaried up to ₹12,75,000 gross | ✅ Surcharge cap: Max 25% (vs 37% Old Regime)

📋 Old Tax Regime — Below 60 Years

Income Slab	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%

Senior Citizens (60–80): Nil up to ₹3,00,000 | Super Senior (80+): Nil up to ₹5,00,000

Std Deduction: ₹50,000 (salaried) | 87A Rebate: ₹12,500 if taxable income ≤ ₹5,00,000

💰 Surcharge Rates

Income Range	New Regime Surcharge	Old Regime Surcharge
Up to ₹50 lakh	Nil	Nil
₹50L – ₹1 crore	10%	10%
₹1Cr – ₹2 crore	15%	15%
₹2Cr – ₹5 crore	25%	25%
Above ₹5 crore	25% (capped)	37%

✅ Health & Education Cess: 4% on (Income Tax + Surcharge). Marginal relief applies near surcharge thresholds.

📐 How India Income Tax Works

India Tax Year (FY vs AY)

Financial Year (FY): April 1 – March 31 Assessment Year (AY): The year AFTER the FY FY 2025-26 income → filed in AY 2026-27 New Regime is DEFAULT from FY 2023-24. You must explicitly OPT for Old Regime.

Step 1: Taxable Income

Gross Income − Standard Deduction (₹75,000 new / ₹50,000 old) − HRA Exemption (old regime only) − 80C / 80D / 24B etc. (old regime only) − Employer NPS 80CCD(2) (new regime allowed) = Taxable Income

Step 2: Apply Tax Slabs → Base Tax

New Regime Example: ₹15,00,000 taxable income ₹4L × 0% = ₹0 ₹4L × 5% = ₹20,000 ₹4L × 10% = ₹40,000 ₹3L × 15% = ₹45,000 Base Tax = ₹1,05,000

Step 3: Section 87A Rebate

New Regime FY 2025-26: If taxable income ≤ ₹12,00,000: Rebate = min(Base Tax, ₹60,000) → Tax = Base Tax − Rebate (could be ₹0) If taxable income > ₹12,00,000: No rebate (pay full tax from first slab) Old Regime FY 2025-26: If taxable income ≤ ₹5,00,000: Rebate = min(Base Tax, ₹12,500) If taxable income > ₹5,00,000: No rebate Note: Marginal relief near ₹12L ensures tax payable does not exceed income over ₹12L.

Step 4: Surcharge + Cess

Surcharge = % of Tax After Rebate (income-based) Cess = 4% × (Tax After Rebate + Surcharge) Total Tax = Tax After Rebate + Surcharge + Cess

HRA Exemption — Old Regime

Minimum of three: 1. Actual HRA received 2. Rent paid − 10% of Basic Salary 3. 50% of Basic (Metro) OR 40% of Basic (Non-Metro) Metro cities: Delhi, Mumbai, Chennai, Kolkata

New Regime — What's Allowed?

✅ Standard Deduction: ₹75,000 (salaried/pensioners) ✅ Employer NPS: 80CCD(2) — no cap ✅ Agniveer Corpus: 80CCH ✅ 24(b): Interest on let-out property (not self-occupied) ✅ Family Pension Deduction: lower of 1/3 or ₹25,000 ❌ HRA, LTA, 80C, 80D, 80E, 80G, 80TTA, 24(b) self-occ

❓ Frequently Asked Questions

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AI Tax Advisor — Coming Soon!

AI-powered regime selector, deduction optimizer and tax saving strategy for your profile.

⏳ Coming Soon — Stay Tuned!

📅 FY 2025-26 Key Numbers

New Regime Std Ded₹75,000

Old Regime Std Ded₹50,000

87A Rebate (New)₹60,000

87A Rebate Limit (New)₹12,00,000

87A Rebate (Old)₹12,500

87A Rebate Limit (Old)₹5,00,000

Zero Tax Salaried (New)₹12.75L gross

Max Surcharge (New)25%

Max Surcharge (Old)37%

Cess Rate4%

80C Limit₹1,50,000

80D (Self+Family)₹25,000

80D (Senior Parents)₹50,000

24(b) Home Loan Int.₹2,00,000

80CCD(1B) NPS₹50,000

🇮🇳 India Income Tax Calculator