Income Tax (ITR) Calculator FY 2025-26 (AY 2026-27)
Comprehensive tax liability comparison between New Tax Regime (Section 115BAC) and Old Tax Regime with standard deductions, 80C, 80D, and HRA.
D BIZ Income Tax (ITR) Calculator
Compare New Tax Regime (Budget 2026 with ₹75k Standard Deduction) vs Old Tax Regime.
Income & Deductions
Tax Regime ComparisonSave ₹29,900 with New Tax Regime
By choosing the New Tax Regime, you reduce your tax liability by ₹29,900 for this financial year.
Note on Budget 2026 Provisions:
The standard deduction for salaried employees under the new tax regime is ₹75,000, and income up to ₹7,75,000 is effectively tax-free after the standard deduction and Sec 87A rebate!
Tax Slabs for FY 2025-26 / AY 2026-27 (New Regime)
As of September 30, 2026, the New Tax Regime is the default tax regime under Section 115BAC of the Income Tax Act. Taxpayers wishing to utilize the Old Regime with Section 80C, 80D, 24(b) home loan interest, and HRA exemptions must explicitly exercise their option in Form 10-IEA prior to filing their ITR.
Under the New Tax Regime (Section 115BAC), individuals with taxable income up to ₹7,00,000 receive full tax rebate under Section 87A. With the ₹75,000 standard deduction, a salaried employee earning up to ₹7,75,000 pays zero income tax.
How to Use the Income Tax (ITR) Calculator FY 2025-26 (AY 2026-27)
Enter Gross Annual Income
Input your total annual earnings from salary, business profits, interest, or house property.
Provide Deductions & Exemptions
Enter your Section 80C investments (EPF, PPF, ELSS up to ₹1.5L), 80D health insurance, HRA, and home loan interest.
Analyze Comparative Output
Review net tax payable under both regimes, including 4% cess and Section 87A rebates.
Download Tax Summary & File ITR
Save your tax calculation breakdown and book a 1-on-1 ITR consultation with D BIZ Chartered Accountants.
Key Highlights & Capabilities
Frequently Asked Questions (FAQs)
What is the standard deduction for salaried employees for FY 2025-26 (AY 2026-27)?
Under the New Tax Regime, the standard deduction is ₹75,000 for salaried employees and pensioners. Under the Old Tax Regime, the standard deduction remains ₹50,000.
Up to what income is tax zero under the New Regime for AY 2026-27?
For salaried employees, income up to ₹7,75,000 attracts zero tax liability (₹75,000 standard deduction leaves taxable income at ₹7,00,000, which receives 100% rebate under Section 87A).
Can I switch between Old and New Tax Regimes every year?
Salaried individuals without business or professional income can switch between the Old and New regimes every year at the time of filing their ITR under Section 139(1). However, individuals with business or professional income (PGBP) can only switch back to the Old Regime once in a lifetime.
Which regime is better if I have high 80C and home loan interest deductions?
Generally, if your total deductions under Chapter VI-A (80C, 80D, 80CCD), HRA, and Section 24(b) home loan interest exceed ₹3.75 Lakhs to ₹4 Lakhs, the Old Tax Regime may yield lower tax; otherwise, the New Tax Regime with lower slab rates is typically more beneficial.
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