Old vs New Tax Regime Calculator 2025-26
Free old vs new tax regime calculator for 2025-26. Compare both regimes with 80C, rent, pension and home loan deductions and see which saves more.
Frequently asked questions
- Which tax regime is better for salaried employees in 2025-26?
- For FY 2025-26, the new tax regime is often better if your deductions (80C + HRA + home loan interest) are less than about ₹3.75 lakh. If deductions exceed that, the old regime may save more. Use Finkoin's calculator for your exact numbers.
- What is the standard deduction in new tax regime 2025-26?
- The standard deduction in the new tax regime for FY 2025-26 is ₹75,000 for salaried employees (increased from ₹50,000 in Budget 2024).
- Can I switch between old and new tax regime every year?
- Salaried employees can switch every financial year when filing ITR. Business owners face restrictions on switching back. Inform your employer at the start of the year for TDS.
- What deductions are available in old tax regime?
- Old regime allows Section 80C (₹1.5 lakh), 80D health insurance, HRA exemption, Section 24B home loan interest (up to ₹2 lakh for self-occupied), NPS 80CCD(1B) (₹50,000 extra), and more.
- Is income up to ₹12 lakh tax-free in 2025-26?
- Under the new regime, if taxable income is up to ₹12 lakh, the Section 87A rebate brings tax to zero. For salaried people that means a salary up to ₹12.75 lakh after the ₹75,000 standard deduction.