New Tax Regime is DEFAULT from AY 2025-26 | You must opt out to use Old Regime
Income
Deductions
HRA Exemption
Tax Calculation Results
Your income tax breakdown
Total tax (Old regime)
₹
Total tax (New regime)
₹
Gross Total Income:₹
Standard Deduction (New Regime):₹75,000
Total Deductions (Old Regime only):₹
Note: New Regime does not allow deductions under Chapter VI-A (80C, 80D, etc.)
Note: Home loan interest (self-occupied) is not deductible in New Regime
Taxable Income:₹
Total Tax:₹
Effective Tax Rate:0.00%
New Tax Regime Slabs (FY 2025-26 / AY 2026-27)
New Tax Regime (All Taxpayers)
Note: Age does not matter in the new regime. Same slabs apply to all taxpayers (including senior and super senior citizens).
| Income Range | Tax Rate |
|---|---|
| Up to ₹4,00,000 | NIL (0%) |
| ₹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 (for salaried individuals under new regime)
Section 87A Rebate: If taxable income ≤ ₹12 lakh and tax ≤ ₹60,000, then tax = 0. No rebate if income > ₹12 lakh or tax > ₹60,000.
Surcharge: Applies for income above ₹50 lakh (10% for ₹50L-₹1Cr, 15% for ₹1Cr-₹2Cr, 25% for ₹2Cr-₹5Cr, 37% above ₹5Cr).
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