Old vs New Tax Regime Calculator (FY 2024-26)
Compare Old vs New Tax Regime (Sec 115BAC revised) with Budget 2024 slabs, ₹75k standard deduction, 80C, 80D, HRA & Home loan tax savings.
Income Tax Comparator (FY 2024-25 & FY 2025-26)
Budget 2024 RevisedCompare New Tax Regime (Section 115BAC with ₹75k Standard Deduction) vs Old Tax Regime with 80C, 80D, HRA & Home Loan deductions.
New Tax Regime is Better for You!
You save ₹38,480 in annual taxes by choosing the New Regime (Sec 115BAC).
New Tax Regime
Sec 115BAC (Revised Budget 2024)
Old Tax Regime
With 80C, 80D, HRA, NPS, Home Loan
For your salary of ₹17,50,000, ₹4,25,000+ in deductions needed. Currently you have claimable deductions of ₹3,60,000.
💵 Step 1: Income Details
Total: ₹17,50,000🛡️ Step 2: Deductions & Exemptions
Total: ₹3,60,000📊 Detailed Slab-by-Slab Calculation
| Component | New Tax Regime | Old Tax Regime |
|---|---|---|
| Gross Annual Income | ₹17,50,000 | ₹17,50,000 |
| Standard Deduction | - ₹75,000 | - ₹50,000 |
| Exemptions & Chapter VI-A | - ₹0 (NPS) | - ₹3,10,000 |
| Net Taxable Income | ₹16,75,000 | ₹13,90,000 |
| Tax Before Rebate | ₹1,92,500 | ₹2,29,500 |
| Rebate u/s 87A | - ₹0 | - ₹0 |
| Health & Education Cess (4%) | +₹7,700 | +₹9,180 |
| Total Tax Liability | ₹2,00,200 | ₹2,38,680 |
📖 How to Use Old vs New Tax Regime Calculator (FY 2024-26)
Follow these simple steps to achieve fast and accurate results.
Select Financial Year & Category
Choose FY 2024-25 / FY 2025-26 and specify whether you are Salaried or Self-Employed.
Enter Salary & Incomes
Provide Basic pay, HRA received, allowances, bonuses, and savings interest income.
Enter Deductions
Specify Section 80C up to ₹1.5L, 80D health insurance, HRA rent, NPS, and home loan interest.
Compare & Pick Winner
Review side-by-side tax comparison, rebate u/s 87A, break-even analysis, and copy summary.
💬 Frequently Asked Questions
Got questions about Old vs New Tax Regime Calculator (FY 2024-26)? Here are the most common answers.
Is salary up to ₹7.75 Lakhs zero tax in the New Regime?▼
Yes. In New Tax Regime under Budget 2024, standard deduction is ₹75,000 and Section 87A rebate applies up to ₹7,00,000 taxable income, making salary up to ₹7.75 Lakhs 100% tax-free for salaried individuals.
Can I claim HRA or 80C in the New Tax Regime?▼
No. The New Tax Regime under Section 115BAC does not allow deductions under 80C, 80D, HRA, or Section 24(b) home loan interest. However, standard deduction of ₹75,000 and employer NPS contribution u/s 80CCD(2) are allowed.
How is marginal relief calculated for income slightly above ₹7 Lakhs?▼
Under Section 87A marginal relief, if your taxable income slightly exceeds ₹7,00,000, the income tax payable cannot exceed the amount of income in excess of ₹7,00,000.
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