Old vs New Tax Regime Calculator
Detailed comparison based on the latest FY 2025-26 Tax Rules. Check how much you can save with HRA, 80C, and NPS deductions.
1Income Details
Required for HRA calculation
2HRA (Section 10(13A)) - Old Regime Only
3Tax-Saving Deductions - Old Regime Only
PPF, EPF, ELSS, Life Insurance, Tuition Fees (Max: ₹1,50,000)
Additional NPS deduction (Max: ₹50,000)
4Medical Insurance (Section 80D)
Max: ₹25,000
Max: ₹25,000 (non-senior) or ₹50,000 (senior)
5Loan Interest Deductions
Self-occupied property (Max: ₹2,00,000)
Higher education loan interest (No cap)
6Savings Interest (80TTA/80TTB)
Max: ₹10,000 (80TTA) or ₹50,000 (80TTB for seniors)
Understanding Tax Regimes for FY 2025-26
The New Tax Regime (Default)
The New Tax Regime is now the default tax regime in India. For FY 2025-26, it offers higher tax slabs and a standard deduction of ₹75,000. While the rates are lower, most exemptions like HRA, LTA, and Section 80C are not available.
- ✓ No tax up to ₹4 Lakhs income
- ✓ Standard Deduction of ₹75,000
- ✓ Simple, zero-paperwork filing
The Old Tax Regime (Optional)
The Old Tax Regime allows you to claim various deductions to reduce your taxable income. This is often better for individuals with high rent, home loans, or significant investments.
- ✓ Claim HRA Exemption
- ✓ Section 80C (up to ₹1.5L)
- ✓ Home Loan Interest (Section 24)
Can I switch between regimes every year?
Yes, salaried individuals can switch between Old and New Tax Regime every financial year at the time of filing their ITR. However, individuals with business or professional income can switch only once in their lifetime.