Optimal Choice: New Tax Regime
Both regimes result in the same tax liability for your current income.
Old Tax Regime
Final Tax Payable
₹0
Gross Income₹0
Total Deductions−₹50,000
Taxable Income₹0
Effective Tax Rate0.00%
Recommended
New Tax Regime
Final Tax Payable
₹0
Gross Income₹0
Total Deductions−₹75,000
Taxable Income₹0
Effective Tax Rate0.00%
Deduction Comparison
Old Regime Highlights
Standard Deduction
₹50,000
HRA Exemption
₹0
Chapter VI-A
₹0
Other Benefits
₹0
Total Old Deductions
₹50,000
Includes 80C, 80D, HRA & Home Loan interest components.
New Regime Benefits
Standard Deduction
Simplified fixed benefit for all salaried taxpayers.
₹75,000
Fixed Benefit
Note: New Regime has higher Standard Deduction (₹75k) vs Old Regime (₹50k) for AY 2026-27.
As per Finance Act 2024, the Standard Deduction for New Regime has been increased to ₹75,000 for FY 2025-26. The Old Regime remains at ₹50,000.
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Slab-wise Breakdown
Progressive tax calculation for New Regime
| Income Range | Tax Rate Each portion of your income is taxed at these specific rates as you move up the slabs. | Taxable Amount | Tax |
|---|---|---|---|
| Total Income Tax (Before Rebate) | ₹0 | ||
Transparency Report
This platform calculates tax based on the latest Finance Act 2024 amendments and ITR rules. Calculations include Section 87A rebate and 4% Health & Education Cess. Standard deduction for New Regime is applied as ₹75,000 for FY 2025-26.