{"id":25450,"date":"2026-06-23T11:53:49","date_gmt":"2026-06-23T06:23:49","guid":{"rendered":"https:\/\/banitoday.com\/itr-filing-fy-2025-26-how-to-calculate-taxes-under-old-income-tax-regime-explained\/"},"modified":"2026-06-23T11:53:49","modified_gmt":"2026-06-23T06:23:49","slug":"itr-filing-fy-2025-26-how-to-calculate-taxes-under-old-income-tax-regime-explained","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/itr-filing-fy-2025-26-how-to-calculate-taxes-under-old-income-tax-regime-explained\/","title":{"rendered":"ITR filing FY 2025-26: How to calculate taxes under old income tax regime – explained"},"content":{"rendered":"


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Taxpayers should carefully evaluate their eligible deductions before deciding which tax regime to opt for. (AI image)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

ITR filing AY 2026-2027: Do you plan to file income tax returns under the old tax regime? The first thing to know is that your ITR must be filed within the July 31, 2026 deadline, otherwise you will automatically be switched to the new income tax regime, which is the default regime. For many people the old income tax regime continues to be attractive despite the new regime offering higher basic exemption and standard deduction, rebate limits and lower tax rates. This is because the number of deductions and exemptions under the old regime can make it a compelling choice for those who can claim higher amounts of these.<\/p>\n

Income Tax Slabs FY 2025-26 under the old tax regime<\/h2>\n<\/p>\n

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\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
Income Tax Slab<\/td>\nIncome Tax Rate<\/td>\n<\/tr>\n
0-2.5 lakh<\/td>\nNil<\/td>\n<\/tr>\n
2.5-5 lakh<\/td>\n5%<\/td>\n<\/tr>\n
5-10 lakh<\/td>\n20%<\/td>\n<\/tr>\n
Above 10 lakh<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n\n\n\n\n<\/table>\n<\/div>\n

The above are applicable for resident individuals up to the age of 60.<\/span>As you sit to file your income tax return, it\u2019s important to understand how to calculate your tax outgo under the old tax regime.Also Read | ITR filing: Switched jobs? How to file tax return and mistakes to avoid<\/a><\/p>\n

How to calculate taxes under old income tax regime
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While the tax slab rates are less beneficial compared to the new regime, the availability of deductions under various provisions can substantially reduce the taxable income and overall tax liability under the old tax regime, notes Archit Gupta, Founder and CEO, ClearTax. Therefore, taxpayers should carefully evaluate their eligible deductions before deciding which tax regime to opt for. He explains how a salaried taxpayer can calculate tax liability:<\/p>\n

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