Income Tax Calculator
Updated for FY 2025-26 (AY 2026-27) as per Union Budget 2025. Compare Old vs New regime and find which saves you more.
The New Regime saves you ₹94,120 compared to Old Regime for your income of ₹12,00,000.
Annual Income (Gross Salary)
New Regime — Budget 2025 Updates
- • Basic exemption raised to ₹4 Lakh (from ₹3 Lakh)
- • Rebate u/s 87A increased to ₹60,000 — income up to ₹12 Lakh = NIL tax
- • Salaried individuals: income up to ₹12.75 Lakh = NIL tax (₹75K std. deduction)
- • Most deductions (80C, 80D, HRA) are not available
- • Only standard deduction of ₹75,000 + NPS 80CCD(2) allowed
Tax Calculation — New Regime (FY 2025-26)
Quick Comparison — Old vs New
New Regime
NIL
0.0% effective
Old Regime
₹94,120
7.8% effective
You save ₹94,120 with the New Regime
New Regime Tax Slabs — FY 2025-26
| Income Range | Tax Rate |
|---|---|
| ₹0 – ₹4,00,000 | NIL |
| ₹4,00,000 – ₹8,00,000 | 5% |
| ₹8,00,000 – ₹12,00,000 | 10% |
| ₹12,00,000 – ₹16,00,000 | 15% |
| ₹16,00,000 – ₹20,00,000 | 20% |
| ₹20,00,000 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
* Rebate u/s 87A: If taxable income ≤ ₹12,00,000 → full tax rebate up to ₹60,000. Salaried individuals with income up to ₹12,75,000 effectively pay zero tax after standard deduction.
Save Tax with ELSS Mutual Funds
Using the Old Regime? ELSS (Equity Linked Savings Scheme) mutual funds offer tax deduction under Section 80C with the shortest lock-in period of just 3 years. Invest up to ₹1.5 Lakh and save up to ₹46,800 in taxes.
Explore ELSS Funds →Mutual fund investments are subject to market risks. Read all scheme related documents carefully before investing. Past performance is not indicative of future returns.
Trustner Asset Services Pvt. Ltd. | ARN-286886 | Mutual Fund Distributor (Not a SEBI Registered Investment Adviser)