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Income Tax Calculator (Old vs New Regime)

Compare Old vs New Tax Regime for AY 2024-25, 2025-26, 2026-27, and 2027-28 with standard deductions, 87A rebates, and dynamic slab breakdown.

Select Assessment Year
Tax Rules Versioning

Income & Deductions

Old Regime Deductions (Chapter VI-A)
Section 80C (PPF, EPF, ELSS, Life Ins)Max ₹1.5L
Section 80D (Health Insurance)Max ₹25k-₹75k
Section 80CCD(1B) (NPS Extra)Max ₹50k
Section 24(b) (Home Loan Interest)Max ₹2.0L
Tax Recommendation for AY 2025-26
New Tax Regime is Better

New Tax Regime saves you ₹29,900 in tax compared to Old Regime.

New Regimeu/s 115BAC
₹71,500
Effective Tax: 5.96%
Standard Deduction:₹75,000
Net Taxable Income:₹11,25,000
87A Rebate:-₹0
4% Health Cess:+₹2,750
Old RegimeWith Exemptions
₹1,01,400
Effective Tax: 8.45%
Standard Deduction:₹50,000
Total Exemptions:₹2,25,000
Net Taxable Income:₹9,25,000
87A Rebate:-₹0
4% Health Cess:+₹3,900
AI Tax Analysis & Plain-English Breakdown
Burnjet provides general informational estimates based on official statutory tax slabs. Tax rules can change by assessment year. Verify applicable rules and consult a qualified Chartered Accountant (CA) for filing.

Quick Reference & Instructions

Simple steps, pro tips, and execution details

1

Provide Inputs

Type, paste, or select your values in the form fields below.

2

Instant Live Analysis

Calculations and formatting happen automatically with zero delay as you type.

3

Copy or Use Output

Copy results or apply the clean output directly to your projects.

How It Works

Applies verified statutory tax slabs for your chosen Assessment Year, factors in standard deductions and Chapter VI-A investments, and computes exact tax liabilities.

Formula & Logic

Tax=∑(Slab Taxable×Rate)−Rebate87A−Marginal Relief+4% Cess\text{Tax} = \sum (\text{Slab Taxable} \times \text{Rate}) - \text{Rebate}_{87A} - \text{Marginal Relief} + 4\%\text{ Cess}
Example: A salaried taxpayer earning ₹12,00,000 in AY 2025-26 pays ₹78,000 under the New Regime (after ₹75,000 standard deduction and 4% cess).

Frequently Asked Questions

Common questions about calculations, assumptions, and edge cases.

The New Tax Regime is generally more beneficial unless your total eligible deductions under Section 80C, 80D, 24(b), and HRA exceed ₹3,75,000 to ₹4,25,000.

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