Income Tax Calculator FY 2026-27 & FY 2025-26
100% Local Browser ProcessingFinance Suite1. Annual Income Details
2. Deductions u/s 80C, 80D, HRA & NPS (Old Regime)
Total: ₹2,85,000New Tax Regime saves you ₹14,560!
Lower slab rates & ₹75k Standard Deduction under Budget 2024 give you maximum tax savings.
Detailed New vs Old Tax Regime Computation Table
Complete line-by-line comparison of Standard Deduction, Section 87A Rebate, Cess, and Final Tax
How to Calculate Income Tax & Compare Regimes
Compare New Tax Regime vs Old Tax Regime, compute Section 87A rebate, standard deduction, and tax savings in seconds directly inside your browser.
Enter Gross Salary & Income
Input your annual salary, interest income from savings/FDs, rental income, and choose your Financial Year (FY 2024-25 or FY 2023-24).
Add Tax Exemptions & Deductions
Enter Section 80C (PPF, ELSS up to ₹1.5L), 80D (Health Insurance), HRA u/s 10(13A), 80CCD(1B) NPS, and u/s 24(b) Home Loan Interest.
Compare Regimes & Export Report
Instantly see side-by-side New vs Old Regime tax payable, Section 87A rebate, tax-saving winner, and download a complete CSV report.
New Tax Regime vs Old Tax Regime Slab Comparison (FY 2026-27)
Understand how income tax rates apply across different salary brackets under the Budget 2024 revised tax structure.
| Net Taxable Income Bracket | New Tax Regime Rate (Budget 2024) | Old Tax Regime Rate | Tax Savings Insight |
|---|---|---|---|
| Up to ₹3,00,000 | 0% (Nil) | 0% (Nil up to ₹2.5L) | Zero tax liability under both tax regimes for basic exemption threshold. |
| ₹3,00,001 to ₹5,00,000 | 5% | 5% (Full u/s 87A Rebate -> 0 Tax) | Zero tax payable under Old Regime due to u/s 87A rebate. |
| ₹5,00,001 to ₹7,00,000 | 5% (Full u/s 87A Rebate -> 0 Tax) | 20% | Zero tax payable under New Regime for taxable income up to ₹7 Lakhs! |
| ₹7,00,001 to ₹10,00,000 | 10% (₹7L-₹10L) / 15% (₹10L-₹12L) | 20% | New Regime offers 50% lower slab rates compared to Old Regime's 20% slab. |
| ₹10,00,001 to ₹15,00,000 | 15% (₹10L-₹12L) / 20% (₹12L-₹15L) | 30% | New Regime provides concessional 15%-20% slabs vs Old Regime's top 30% slab. |
| Above ₹15,00,000 | 30% | 30% | Both regimes apply peak 30% slab, but New Regime provides ₹75,000 Standard Deduction. |
Why Use Meema Tools Income Tax Calculator?
Built for 100% financial privacy, real-time side-by-side tax regime comparison, and instant CSV tax report exports.
New vs Old Regime Side-by-Side
Simultaneously calculate and compare tax liability under both tax regimes in real time.
Smart Tax Saver Recommendation
Automatically badges which regime saves more money and calculates your break-even deduction limit.
Comprehensive Deductions Engine
Includes Section 80C, 80D, 80CCD(1B) NPS, HRA u/s 10(13A), 80CCD(2), and u/s 24(b) Home Loan Interest.
100% In-Browser Privacy
Zero cloud uploads. Confidential income figures stay 100% safe in local browser memory.
Frequently Asked Questions
About Income Tax (FY 2024-25)
Everything you need to know about New vs Old Tax Regimes, Section 87A rebate, standard deduction, and deductions u/s 80C, 80D, and HRA.
100% Confidentiality
All salary figures, income details, and tax calculations are processed locally inside your browser. Zero confidential data leaves your computer.
The New Tax Regime offers lower concessional tax slab rates and a higher Standard Deduction of ₹75,000, but disallows most exemptions like 80C, 80D, and HRA. The Old Tax Regime has higher tax slab rates but allows full tax deductions under Section 80C (up to ₹1.5L), 80D, 80CCD(1B), and u/s 24(b) Home Loan interest.
Under the New Tax Regime (FY 2024-25), individuals with taxable income up to ₹7,00,000 pay ZERO tax (full rebate up to ₹25,000). Under the Old Tax Regime, the u/s 87A rebate applies to taxable income up to ₹5,00,000 (full rebate up to ₹12,500).
Under Budget 2024, the Standard Deduction for salaried individuals and pensioners under the New Tax Regime is ₹75,000 (increased from ₹50,000). Under the Old Tax Regime, it remains ₹50,000.
Our calculator automatically computes the exact minimum deductions you need under the Old Tax Regime to pay less tax than the New Tax Regime. If your actual deductions exceed this threshold, the Old Regime saves you money!
Yes! Select your age category (Below 60 Years, 60-79 Years Senior Citizens, or 80+ Years Super Senior Citizens) to automatically apply higher basic exemption limits and 80TTB savings interest deductions.
Yes, 100% private! All income figures, salary details, deductions, and tax computations run strictly inside your browser's local JavaScript memory. Zero financial data is sent to external servers.
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