Detailed Summary Breakdown
| Gross Total Income | ₹ 10,00,000 |
| Standard Deduction (New / Old) | ₹ 75,000 / ₹ 50,000 |
| Total Deductions Claimed (Old) | ₹ 3,95,000 |
| Taxable Income (New Regime) | ₹ 9,25,000 |
| Taxable Income (Old Regime) | ₹ 6,05,000 |
| Health & Education Cess (4%) | Included in total |
New vs Old Tax Regime Slabs Reference (FY 2025-26 & 2026-27)
Under the New Regime, income up to ₹7.75 Lakhs is completely tax-free after ₹75k Standard Deduction & Section 87A rebate.
| Income Slab | New Regime Tax Rate | Old Regime Tax Rate | Notes |
|---|---|---|---|
| ₹ 0 to ₹ 3,00,000 | NIL | NIL (Up to ₹2.5L) | Zero basic tax |
| ₹ 3,00,001 to ₹ 7,00,000 | 5% | 5% (₹2.5L to ₹5L) | Sec 87A full rebate in New Regime |
| ₹ 7,00,001 to ₹ 10,00,000 | 10% | 20% (₹5L to ₹10L) | Significant tax advantage in New Regime |
| ₹ 10,00,001 to ₹ 12,00,000 | 15% | 30% (Above ₹10L) | Flat 15% discount vs Old Regime |
| ₹ 12,00,001 to ₹ 15,00,000 | 20% | 30% | 10% lower tax in New Regime |
| Above ₹ 15,00,000 | 30% | 30% | Surcharge applies above ₹50 Lakhs |
Frequently Asked Questions
Clear answers on choosing the right income tax regime.
Income Tax Optimizer – Calculate Tax Savings for FY 2025-26 & 2026-27
Tooligen's Tax Optimizer is designed for Indian salaried professionals, freelancers, and business owners to instantly calculate their income tax liability under both the New Tax Regime and the Old Tax Regime. With the enhanced standard deduction of ₹75,000 and the Section 87A rebate, finding your optimal tax path has never been easier.
Popular Deductions in the Old Regime
• Section 80C: Up to ₹1,50,000 for EPF, PPF, ELSS mutual funds, and principal loan repayment.
• Section 80D: Up to ₹25,000 for self/family and up to ₹50,000 for senior citizen parents.
• Section 24(b): Up to ₹2,00,000 deduction on home loan interest for self-occupied properties.
• HRA Exemption: Exempted under Section 10(13A) based on actual rent paid.