🧮 Income Tax Calculator India (2025–26)

An income tax calculator is an online tool designed to estimate your tax liability based on your income, deductions, and exemptions. You input your financial details, and the calculator applies the relevant tax laws to provide an estimated tax payable.

Using an income tax calculator helps you understand your potential tax liability, compare tax regimes, plan your investments to save tax, and ensure accurate tax filing, ultimately helping you optimize your finances.

The income tax calculator old regime refers to the traditional tax structure in India that allows taxpayers to claim various deductions and exemptions under different sections of the Income Tax Act, 1961, to reduce their taxable income.

The main benefit of the income tax calculator old regime is the ability to significantly reduce taxable income through a wide range of deductions (like 80C, 80D) and exemptions (like HRA, LTA), which can lead to lower tax outgo for those with substantial investments.

The income tax calculator new regime is an alternative tax structure introduced in 2020, offering lower tax rates across income slabs but with the condition that most deductions and exemptions available under the old regime are forgone.

The primary benefits of the income tax calculator new regime include simpler tax calculations due to fewer deductions, lower tax rates for certain income brackets, and reduced compliance burden, making it attractive for those who prefer not to engage in extensive tax planning.

To choose between the income tax calculator old vs new regimes, you should use an income tax calculator to compare your tax liability under both scenarios. Consider your income level, the amount of deductions you can claim, and your investment habits.

The better regime for salaried individuals depends on their deductions. If they have significant deductions (e.g., HRA, home loan, 80C investments), the income tax calculator old regime might be better. Otherwise, the income tax calculator new regime could result in lower tax.

Yes, a few deductions are still available in the income tax calculator new regime, such as the standard deduction of ₹50,000 for salaried individuals and pensioners, and employer's contribution to NPS under Section 80CCD(2).

Yes, salaried individuals and those not having business income can choose between the income tax calculator old regime and income tax calculator new regime every financial year. Individuals with business income have a more restricted option to switch.

Section 80C is a popular section under the income tax calculator old regime that allows a deduction of up to ₹1.5 lakh for investments in specified instruments like PPF, ELSS, life insurance premiums, and home loan principal repayment.

No, House Rent Allowance (HRA) exemption is not available under the income tax calculator new regime. It is a key deduction only available in the income tax calculator old regime.

A standard deduction of ₹50,000 is available for salaried individuals and pensioners in both the income tax calculator old regime and the income tax calculator new regime (effective from FY 2024-25).

Under the income tax calculator old regime, interest on home loans for self-occupied property is deductible up to ₹2 lakh. Under the income tax calculator new regime, this deduction is generally not available for self-occupied property, but interest on rented property might be allowed.

No, the income tax calculator new regime generally has lower tax rates across its various income slabs compared to the income tax calculator old regime, but it achieves this by removing most deductions.

The basic exemption limit in the income tax calculator old regime varies by age: ₹2.5 lakh for individuals below 60, ₹3 lakh for senior citizens (60-79), and ₹5 lakh for super senior citizens (80 and above).

The basic exemption limit in the income tax calculator new regime is uniform for all individuals at ₹3 lakh.

Under the income tax calculator old regime, a rebate of up to ₹12,500 is available for individuals with taxable income up to ₹5 lakh. In the income tax calculator new regime, a rebate is available for income up to ₹7 lakh, making the effective tax zero for many in this bracket.

The income tax calculator new regime was introduced to simplify the tax structure, reduce compliance burden, and offer lower tax rates for those who do not wish to claim various deductions and exemptions.

You can find reliable income tax calculator tools on the official Income Tax Department website, as well as on reputable financial portals like ClearTax, Groww, and others, which often provide both income tax calculator old regime and income tax calculator new regime options.