Question 1

What is the difference between old and new tax regime in India?

Accepted Answer

Old regime: lower slab rates but allows deductions (80C, 80D, HRA, home loan interest). New regime (FY 2025-26): higher slab rates but simple — no deductions except ₹75,000 standard deduction and 80CCD(2) employer NPS. New regime is default. Best regime depends on your deductions — use our calculator to compare.

Question 2

What is the income tax slab for FY 2025-26 under new regime?

Accepted Answer

New Regime (FY 2025-26): Up to ₹3L = Nil | ₹3–6L = 5% | ₹6–9L = 10% | ₹9–12L = 15% | ₹12–15L = 20% | Above ₹15L = 30%. Standard deduction: ₹75,000. Rebate u/s 87A: Zero tax for income up to ₹7 lakh. Plus 4% health & education cess on tax.

Question 3

What is Section 87A rebate?

Accepted Answer

Under the new regime, if your total income is ₹7 lakh or below after the ₹75,000 standard deduction, your entire tax liability becomes zero via the 87A rebate. This makes incomes up to ₹7.75L effectively tax-free in the new regime if you have no other income.

Question 4

Which deductions are allowed in old regime?

Accepted Answer

Section 80C (₹1.5L): PF, PPF, ELSS, LIC, home loan principal. Section 80D (₹25–50K): Health insurance. HRA: based on rent paid and city. Section 24(b) (₹2L): Home loan interest. 80CCD(1B) (₹50K): NPS voluntary. 80CCD(2): Employer NPS — no upper limit.

Question 5

How do I use this calculator?

Accepted Answer

Enter your values in the yellow input fields (or drag the sliders). All results update instantly — no submit button needed. Every field has a tooltip explaining what to enter. For the best experience, use realistic numbers from your actual financial situation.

Question 6

Are these calculations updated for FY 2025-26?

Accepted Answer

Yes. All tax-related calculators (Income Tax, HRA, NPS) are updated with FY 2025-26 slab rates including the new regime with ₹75,000 standard deduction and ₹7 lakh rebate. Investment return assumptions reflect current market conditions.

Question 7

Can I save or download my calculator results?

Accepted Answer

You can screenshot your results directly from the browser. For a fully editable, downloadable version with formulas, year-wise projections, and detailed breakdowns, purchase our Excel model packs starting at ₹499 — the same calculation in a professional spreadsheet format.

Income Tax Calculator

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