Income Tax Calculator India FY 2025-26: Old vs New Regime – Rs12L Salary Example
Income Tax Calculator India FY 2025-26: Old vs New Regime
Last updated: Sep 11, 2026 | 2.8M search tax calculator monthly | Sources: Income Tax Dept, Budget 2025
Income tax calculator compares old vs new regime for FY 2025-26. Example: Rs12L salary, old regime tax Rs1.19L (with 80C, 80D), new regime Rs71,500 – New regime saves Rs48k.
Free tool: Income Tax Calculator India
Old vs New Regime 2025-26
| Income | Old Regime | New Regime |
|---|---|---|
| 0-3L | 0% | 0% |
| 3-6L | 5% | 5% |
| 6-9L | 20% | 10% |
| 9-12L | 20% | 15% |
| 12-15L | 30% | 20% |
| Above 15L | 30% | 30% |
Example Rs12L Salary
Old Regime: Gross Rs12L – 80C Rs1.5L (PPF, ELSS) – 80D Rs25k (health) – Standard Rs50k = Taxable Rs9.75L. Tax ~Rs1.19L
New Regime: Gross Rs12L – Standard Rs50k = Taxable Rs11.5L. Tax Rs71,500 (as per new slabs). Saves Rs48k vs old if you don’t invest in 80C.
If you invest Rs1.5L in 80C anyway for retirement, old regime may be better.
Deductions
- 80C: Rs1.5L – PPF, ELSS, EPF, Life insurance, Home loan principal
- 80D: Rs25k (self+family), Rs50k if parents senior citizen – Health insurance
- HRA: If living in rented house
- Home loan interest: Rs2L under 24(b)
Which Regime to Choose?
- Choose Old if you have 80C, 80D, HRA, home loan – Investments for future
- Choose New if no deductions, want simplicity
Related Tools
- Income Tax Calculator
- Retirement Calculator – How much for pension?
- EMI Calculator – Home loan EMI
Source: incometax.gov.in, Budget 2025. Last updated Sep 2026. Not tax advice, consult tax professional.