Calculate your exact income tax. Compare New vs Old tax regime side-by-side. All Budget 2025 slabs, Section 87A rebate, surcharge & cess automatically applied.
ClearTax auto-imports Form 16, calculates all deductions, compares regimes and files in minutes. Used by 60L+ Indians.
File ITR Free on ClearTax → Try Tax2Win — CA-assisted ITRNew slabs (Budget 2025): 0-4L=0%, 4-8L=5%, 8-12L=10%, 12-16L=15%, 16-20L=20%, 20-24L=25%, above 24L=30%. Standard deduction ₹75,000 applies. Income up to ₹12L is zero tax due to Section 87A rebate.
New Regime is better if deductions are below ~₹3.75 lakh or income is below ₹12L. Old Regime is better with significant HRA, 80C (₹1.5L), NPS (₹50K), home loan interest, and 80D health insurance. This calculator shows both instantly.
Under New Regime: if taxable income does not exceed ₹12,00,000 you pay zero tax (full rebate). Under Old Regime: ₹12,500 rebate for income up to ₹5,00,000. The New Regime 87A limit was enhanced in Budget 2025.
Standard deduction is ₹75,000 for New Tax Regime and ₹50,000 for Old Tax Regime. It is deducted from gross salary before tax calculation. Pensioners also get this benefit.
The due date for ITR filing for individuals (non-audit) is 31 July 2026. Belated return can be filed till 31 December 2026 with a late fee of ₹1,000 (below ₹5L income) or ₹5,000 (above ₹5L income).