Income Tax Calculator for ₹7 Lakh Salary
Calculate your tax liability under both old and new tax regimes for FY 2025-26. See exactly how much you can save with your deductions.
Your Salary Details
₹
₹
₹
₹
Deductions (Old Regime)
₹
₹
₹
₹
₹
New Regime Tax
₹0
Lower slabs + ₹75k standard deduction
Old Regime Tax
₹44,200
With all deductions
Tax Savings
₹44,200
Save 100% with new
Better Regime
new
Based on your deductions
Detailed Breakdown
New Tax Regime
Gross Salary: ₹7,00,000
Standard Deduction: ₹75,000
Taxable Income: ₹6,25,000
Tax: ₹0
Cess (4%): ₹0
Total Tax: ₹0
Old Tax Regime
Gross Salary: ₹7,00,000
HRA Exemption: ₹0
Standard Deduction: ₹50,000
Total Deductions: ₹50,000
Taxable Income: ₹6,50,000
Total Tax: ₹44,200
How to Use This Calculator
- 1. Your gross salary of ₹7,00,000 is pre-filled for quick calculation.
- 2. The New Regime automatically applies the ₹75,000 standard deduction.
- 3. Add your deductions (80C, 80D, NPS, home loan interest) for Old Regime comparison.
- 4. See instant comparison showing which regime saves you more money.
Frequently Asked Questions
Updated: April 2026