Old regime
₹1,17,000Effective rate: 9.8%
Income Tax Calculator
FREECompare your tax outgo under the old and new regimes, side by side.
₹
₹3L₹1 Cr
₹
₹0₹4.5L
80C, 80D, HRA, home-loan interest and similar deductions only reduce the old-regime estimate.
Age category
New regime
₹0Effective rate: 0.0%
✓The new regime saves you ₹1,17,000 a year
Old regime₹1,17,000
New regime₹0
Illustrative only, based on FY 2025–26 slab rates. Excludes surcharge, marginal relief, and income under other heads.
Tax breakdown
| PARTICULARS | OLD REGIME | NEW REGIME |
|---|---|---|
| Gross annual income | ₹12,00,000 | ₹12,00,000 |
| Standard deduction | ₹50,000 | ₹75,000 |
| Other deductions claimed | ₹1,50,000 | ₹0 |
| Taxable income | ₹10,00,000 | ₹11,25,000 |
| Tax before cess | ₹1,12,500 | ₹0 |
| Health & education cess (4%) | ₹4,500 | ₹0 |
| Total tax payable | ₹1,17,000 | ₹0 |
Old regime vs new regime
The old regime permits common deductions against higher slab rates. The new regime offers revised slab rates and a larger standard deduction, but fewer deductions.
| New regime slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹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% |
Common questions
Can I switch regimes every year?+
Individuals without business or professional income can generally choose between the regimes each year while filing their return.
What's the rebate under Section 87A?+
For this FY 2025–26 illustration, eligible resident individuals can receive a rebate up to the applicable taxable-income threshold.
Is surcharge included in this estimate?+
No. Surcharge for high incomes and marginal relief are excluded from this simplified estimate.
Which deductions still work under the new regime?+
The new regime permits only selected deductions. This calculator applies the ₹75,000 standard deduction and does not apply the entered old-regime deductions.
Related calculators
Not sure which regime to pick?
A Fintoo advisor can run the full computation, including surcharge and other income, and help you file correctly.