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Income Tax Calculator (Old vs New Regime)
Detailed Indian Income Tax calculator for FY 2024-25 & 2025-26: side-by-side comparison of Old vs New Tax Regimes (Section 115BAC), Section 87A rebate, Cess, and monthly take-home breakdown.
✓ Budget 2024 revised New Tax Regime slabs & ₹75,000 standard deduction✓ Side-by-side Old vs New Regime tax liability comparison & savings advice✓ Section 80C, 80D, 80CCD(1B) NPS, and HRA exemption computation✓ Exact monthly take-home salary and annual tax liability breakdown✓ Printable tax computation sheet & 1-click clipboard summary
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Statement Details (Optional for Print)
Form 16 AnnexureAnnual Income (FY 2024-25 / AY 2025-26)
Old Regime Deductions & Exemptions
Not in New RegimeSection 80C (EPF, PPF, ELSS, Life Ins)Max ₹1.5L
Section 80D (Health Insurance Self/Parents)Max ₹1L
Section 80CCD(1B) (National Pension Scheme)Max ₹50K
Home Loan Interest Section 24(b)Max ₹2L
Tax Recommendation Engine
New Tax Regime is more beneficial!
You will save ₹17,420 per year by opting for the New Tax Regime.
Breakeven Deduction:₹4,20,000
New Tax Regime (Default)RECOMMENDED
Gross Income:₹12,00,000
Std. Deduction (Budget 2024):-₹75,000
Net Taxable Income:₹11,25,000
Total Tax Payable:₹71,500
Estimated Monthly In-Hand:
₹94,042 / month
Old Tax Regime
Gross Income:₹12,00,000
Total Deductions:-₹3,35,000
Net Taxable Income:₹8,65,000
Total Tax Payable:₹88,920
Estimated Monthly In-Hand:
₹92,590 / month
Budget 2024-25 New Tax Regime Slabs
| Income Slab | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil (0%) |
| ₹3,00,001 to ₹7,00,000 | 5% (Full 87A rebate up to ₹7L) |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
HRHACKERRECON FINANCIAL & TAX ADVISORY
Income Tax Computation & Regime Comparison
Comprehensive Comparative Statement under the Income-tax Act, 1961 (Amended as per Union Budget 2024)
AY 2025-26 | FY 2024-25
Date: 12 Oct 2026
Doc Ref: HR-TAX-1200
Assessee NameIndividual Assessee
Permanent Account Number (PAN)NOT PROVIDED
Residential Status / AgeResident Individual (< 60 Yrs)
Default Regime StatusSection 115BAC (Revised)
EXECUTIVE TAX VERDICT: OPT FOR NEW TAX REGIME
Net Annual Tax Saving: ₹17,420
Choosing the New Tax Regime is more beneficial by ₹17,420 per annum due to lower tax slab rates and an enhanced Standard Deduction of ₹75,000 under Budget 2024.
Breakeven Deductions Required₹4,20,000
| Computation Head / Particulars | Old Tax Regime (₹) | New Tax Regime (₹) | Statutory Provisions & Notes |
|---|---|---|---|
| PART A: GROSS TOTAL INCOME (SALARY & OTHER SOURCES) | |||
| 1. Gross Annual Salary / CTC | ₹12,00,000 | ₹12,00,000 | Form 16 Part B / Salaried CTC |
| GROSS TOTAL INCOME (GTI) | ₹12,00,000 | ₹12,00,000 | Total taxable receipts before deductions |
| PART B: DEDUCTIONS & EXEMPTIONS CLAIMED (CHAPTER VI-A / SEC 16) | |||
| Standard Deduction u/s 16(ia) | ₹50,000 | ₹75,000 | Enhanced to ₹75k in Budget 2024 (New) |
| Section 80C (EPF, PPF, ELSS, Life Insurance) | ₹1,50,000 | Nil | Statutory cap ₹1,50,000 (Old only) |
| Section 80D (Mediclaim / Health Insurance) | ₹25,000 | Nil | Self + Family + Parents (Old only) |
| Section 80CCD(1B) (National Pension Scheme) | ₹50,000 | Nil | Additional NPS Tier-1 cap ₹50k |
| HRA Exemption u/s 10(13A) (Rent Paid) | ₹60,000 | Nil | Actual rent allowance deduction |
| TOTAL EXEMPTIONS & DEDUCTIONS | ₹3,35,000 | ₹75,000 | Deductions reducing gross taxable base |
| PART C: NET TAXABLE INCOME & TAX LIABILITY COMPUTATION | |||
| NET TAXABLE INCOME (ROUNDED) | ₹8,65,000 | ₹11,25,000 | Gross Total Income minus Deductions |
| Basic Slab Tax on Taxable Income | ₹85,500 | ₹68,750 | Before Section 87A rebate & cess |
| Less: Tax Rebate u/s 87A | Nil | Nil | Rebate for income ≤ ₹7L (New) / ≤ ₹5L (Old) |
| Add: Health & Education Cess @ 4% | ₹3,420 | ₹2,750 | 4% statutory cess on net income tax |
| TOTAL NET TAX PAYABLE (A) | ₹88,920 | ₹71,500 | Final tax liability payable to Govt |
| PART D: CASH FLOW & TAKE-HOME SALARY IMPACT | |||
| Annual Net In-Hand Income | ₹11,11,080 | ₹11,28,500 | Gross Income minus Total Tax |
| ESTIMATED MONTHLY IN-HAND SALARY | ₹92,590 | ₹94,042 | Monthly take-home after statutory TDS |
| Effective Tax Rate on Gross Income | 7.4% | 6.0% | Total Tax / Gross Total Income |
Budget 2024 New Regime Slabs (Default):
Up to ₹3,00,000: Nil
₹3,00,001 to ₹7,00,000: 5% (87A rebate)
₹7,00,001 to ₹10,00,000: 10%
₹10,00,001 to ₹12,00,000: 15%
₹12,00,001 to ₹15,00,000: 20%
Above ₹15,00,000: 30%
Old Tax Regime Slabs (Normal Provisions):
Up to ₹2,50,000: Nil
₹2,50,001 to ₹5,00,000: 5% (87A rebate)
₹5,00,001 to ₹10,00,000: 20%
Above ₹10,00,000: 30%
Standard Deduction: ₹50,000
Chapter VI-A: Eligible
Assessee Declaration: I hereby declare that the particulars of income, exemptions, and deductions stated above are computed strictly according to the provisions of the Income-tax Act, 1961 for Assessment Year 2025-26. Generated for personal and organizational financial advisory.
Date: 12 Oct 2026
Place: India
Generated via Hackerrecon Secure Direct Tax Engine
Authorized Signatory
Assessee / Taxpayer SignatureHackerrecon Financial Advisory · 100% Client-Side PrivacyZero-Telemetry Direct Tax Engine · Confidential
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