Gross Annual Salary
₹12,00,000
Before deductions
Total Income
₹12,00,000
Including other income
Total Deductions (Old)
₹4,22,400
80C: ₹1,50,000
You Save by choosing
₹16,390
✅ New Regime (23.2% less)
Tax Liability Comparison
New Regime saves you ₹16,390 annually
That's ₹1,366 saved per month! 💰
New Tax Regime
You save ₹16,390 (23.2%) with this regime
Why New Regime is better for you:
- Lower tax rates and higher exemption limit (₹3 lakh vs ₹2.5 lakh)
- Simplified tax calculation without complex deductions
- You don't have enough deductions to benefit from old regime
- Higher take-home salary with less paperwork and documentation
Old Regime Slabs
₹0 - ₹2.5L
₹2,50,000
₹0
₹2.5L - ₹5L
₹2,50,000
₹12,500
₹5L - ₹10L
₹2,77,600
₹55,520
New Regime Slabs
₹0 - ₹4L
₹4,00,000
₹0
₹4L - ₹8L
₹4,00,000
₹20,000
₹8L - ₹12L
₹3,22,600
₹32,260
Old Tax Regime
+ Rebate of ₹12,500 under Section 87A if income ≤ ₹5 lakh
New Tax Regime (FY 2025-26)
+ Rebate of ₹60,000 under Section 87A if income ≤ ₹8 lakh
Additional charges: Surcharge applicable for income above ₹50 lakh (10%-37% based on income level) + Health & Education Cess at 4% on (Income Tax + Surcharge)
Old Tax Regime
- 70+ deductions and exemptions available
- HRA, LTA exemptions allowed
- Section 80C up to ₹1.5 lakh
- Section 80D health insurance benefits
- Home loan interest deduction (₹2L)
- Higher tax rates
- Complex tax planning required
New Tax Regime
- Lower tax rates across slabs
- Higher exemption limit (₹3 lakh)
- Simple, hassle-free calculation
- Standard deduction ₹50,000 available
- Higher rebate (₹25,000 vs ₹12,500)
- No other deductions allowed
- No HRA, LTA exemptions
Important Notes:
- This calculator is based on FY 2025-26 (AY 2026-27) tax slabs and rules
- Tax calculations are based on information available as of October 2025
- Results are estimates and should not be considered as financial or legal advice
- Actual tax liability may vary based on your specific circumstances
- Consult a qualified Chartered Accountant or tax professional for personalized advice
- Salaried employees can switch between regimes annually
- Business/professional income: Once opted for new regime, cannot switch back
- Standard deduction of ₹75,000 is available in both regimes for salaried individuals (increased from ₹50,000)
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