Calculate your income tax under the new tax regime (FY 2025-26). Lower tax slabs with standard deduction of ₹50,000.
Not applicable to new tax regime
✓ NEW TAX REGIME is better for you
Save ₹23,400 with New Regime
Your in-hand salary would be ₹9,66,200(+₹23,400)
| Parameter | New Regime | Old Regime |
|---|---|---|
| Gross Income | ₹10,00,000 | ₹10,00,000 |
| Standard Deduction | ₹75,000 | ₹50,000 |
| Other Deductions | - | ₹1,50,000 |
| Taxable Income | ₹9,25,000 | ₹8,00,000 |
| Income Tax (+ 4% cess) | ₹33,800 | ₹57,200 |
| In-Hand Salary | ₹9,66,200 | ₹9,42,800 |
Slab Rates:
+ 4% education cess on tax
Benefits:
+ 4% education cess on tax
The new tax regime was introduced to simplify taxation for Indian salaried individuals. Instead of claiming multiple deductions like 80C, HRA, etc., you get a fixed standard deduction of ₹50,000 and lower tax slabs.
New Tax Regime Slabs (FY 2025-26)
Key Benefits: Lower tax slabs, standard deduction of ₹50,000, simplified calculations, no need to maintain records for deductions.
Trade-offs: Cannot claim deductions like 80C (insurance, EPF), HRA exemption, education loan interest, home loan interest, and others.