Free TDS Calculator India 2026

Income Tax Slabs FY 2025-26

The New Tax Regime is the default regime from FY 2023-24 onwards. However, you can opt for the Old Tax Regime if you have significant deductions under 80C, 80D, HRA, etc.

New Tax Regime Slabs (Default)

Income Range	Tax Rate
Up to ₹3,00,000	Nil
₹3,00,001 - ₹7,00,000	5%
₹7,00,001 - ₹10,00,000	10%
₹10,00,001 - ₹12,00,000	15%
₹12,00,001 - ₹15,00,000	20%
Above ₹15,00,000	30%

Note: Standard deduction of ₹75,000 available. No other deductions allowed except employer NPS contribution.

Old Tax Regime Slabs

Income Range	Tax Rate (Below 60)	Tax Rate (60-80)	Tax Rate (Above 80)
Up to ₹2,50,000	Nil	Nil	Nil
₹2,50,001 - ₹3,00,000	5%	Nil	Nil
₹3,00,001 - ₹5,00,000	5%	5%	Nil
₹5,00,001 - ₹10,00,000	20%	20%	20%
Above ₹10,00,000	30%	30%	30%

Deductions Available: 80C (₹1.5L), 80D (₹25K-₹1L), HRA, 80CCD(1B), Home Loan Interest, etc.

Which Regime Should You Choose?

Choose New Regime if:

• Your deductions are less than ₹3-4 lakhs
• You don't have HRA exemption
• You don't have home loan interest deduction
• You want simpler tax filing

Choose Old Regime if:

• Your total deductions exceed ₹4-5 lakhs
• You have significant HRA exemption
• You have home loan with interest deduction
• You invest heavily in 80C instruments