Enter total salary before any deductions. Standard deduction applied automatically.
Old Regime Deductions (not applicable in new regime)
PPF, ELSS, EPF, LIC, home loan principal — max ₹1.5 lakh
Health insurance premium — max ₹25,000 (self) or ₹50,000 (senior parents)
Use our HRA Calculator to find your exact exemption amount
80E (education loan), 80G (donations), NPS 80CCD(1B) etc.
New Regime vs Old Regime — Which is Better?
New Regime Tax Slabs — FY 2025-26
| Taxable Income Slab | Tax Rate | Tax on This Slab |
|---|---|---|
| Up to ₹4 lakh | 0% | ₹0 |
| ₹4L – ₹8L | 5% | Up to ₹20,000 |
| ₹8L – ₹12L | 10% | Up to ₹40,000 |
| ₹12L – ₹16L | 15% | Up to ₹60,000 |
| ₹16L – ₹20L | 20% | Up to ₹80,000 |
| ₹20L – ₹24L | 25% | Up to ₹1,00,000 |
| Above ₹24L | 30% | 30% on amount above ₹24L |
New vs Old Regime — Break-Even by Income
| Gross Income | New Regime Tax | Break-Even Deductions | Verdict |
|---|---|---|---|
| Up to ₹13.7 LPA | ₹0 | N/A | New regime — zero tax |
| ₹15 LPA | ~₹47,320 | ~₹3.5 lakh | New usually better |
| ₹20 LPA | ~₹1,04,000 | ~₹4.5 lakh | Depends on HRA |
| ₹25 LPA | ~₹1,52,100 | ~₹5 lakh | Old wins with home loan |
| ₹30 LPA | ~₹2,34,000 | ~₹6 lakh | Old competitive |
| ₹40 LPA+ | ₹8.88L+ | ~₹7-8 lakh | Old regime often wins |
How Tax is Calculated — FY 2025-26
New Regime Slabs — FY 2025-26
0% up to ₹4L · 5% from ₹4–8L · 10% from ₹8–12L · 15% from ₹12–16L · 20% from ₹16–20L · 25% from ₹20–24L · 30% above ₹24L. Standard deduction: ₹75,000. Section 87A rebate: zero tax if income ≤ ₹12L.
Old Regime Slabs
0% up to ₹2.5L · 5% from ₹2.5–5L · 20% from ₹5–10L · 30% above ₹10L. Standard deduction: ₹50,000. Section 87A rebate: zero tax if income ≤ ₹5L.
Example Calculation
Frequently Asked Questions
Under the new tax regime, ₹10 LPA attracts zero income tax. After ₹75,000 standard deduction, taxable income is ₹9.25 lakh — within the ₹12L Section 87A rebate limit.
New regime is better for most salaried employees earning up to ₹15 LPA — zero or minimal tax without needing any deductions. Old regime wins above ₹20 LPA if you have substantial deductions: HRA (₹2-5L), home loan interest (₹2L), NPS (₹50K), 80C (₹1.5L), 80D (₹25K).
₹75,000/year standard deduction applies automatically to all salaried employees under the new regime. No investment or proof required. Under old regime, standard deduction is ₹50,000.
If your taxable income (after standard deduction) is ₹12 lakh or less under the new regime, your entire income tax liability is waived under Section 87A. This is why salaries up to ~₹13.7 LPA effectively pay zero tax.
Surcharge applies on income above ₹50 lakh. At ₹50L-₹1Cr: 10% surcharge. At ₹1Cr-₹2Cr: 15%. Above ₹2Cr: 25%. Surcharge is applied on tax amount, not income — dramatically increasing effective tax rate at very high incomes.
Related Calculators
Disclaimer: Results are for informational and educational purposes only — not financial, tax, or legal advice. Tax slabs, rates (EPF, PPF, home loan), and rules shown are based on data available in 2025 and may change. Always verify with a qualified professional or official government sources before making financial decisions.