Income Tax Calculator FY 2025-26 (AY 2026-27)
Calculate your income tax free. Instantly compare Old vs New Tax Regime, see take-home salary & slab-wise tax. Updated for Union Budget 2025.
Financial Year
Age Group
Below 60
General
60 – 80 yrs
Senior
80+ yrs
Super Senior
Salary & Employment
Before deductions
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Enter your CTC or gross salary before any deductions.
Old Regime only
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Other Income Sources
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New Regime: Only ₹75,000 standard deduction applies. All deductions below (80C, HRA, etc.) are for Old Regime only.
Section 80 Deductions (Old Regime)
Max ₹1.5L
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Self + Parents
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Max ₹25,000 (self) + ₹25,000 parents. Senior citizen parents: up to ₹50,000.
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Max ₹2L
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Max ₹50K
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Max ₹10K
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Income Tax Calculator India FY 2025-26 – Complete Guide
Our free Income Tax Calculator for India is updated for FY 2025-26 (AY 2026-27) with all Union Budget 2025 changes. Compare the Old Tax Regime vs New Tax Regime instantly and see which saves you more money.
New Tax Regime Slab Rates FY 2025-26
| Income Tax Slab | Tax Rate | Tax on Slab |
|---|---|---|
| Up to ₹4,00,000 | Nil | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹1,00,000 |
| Above ₹24,00,000 | 30% | On balance |
Zero Tax up to ₹12.75 Lakh: Under New Tax Regime, income up to ₹12L is tax-free via 87A rebate (₹60,000). Salaried employees with ₹75,000 standard deduction pay zero tax up to ₹12.75L gross salary.
Old Tax Regime Slabs FY 2025-26
| Income Slab | Below 60 | Senior (60–80) | Super Senior (80+) |
|---|---|---|---|
| Up to ₹2.5L | Nil | Nil | Nil |
| ₹2.5L – ₹3L | 5% | Nil | Nil |
| ₹3L – ₹5L | 5% | 5% | Nil |
| ₹5L – ₹10L | 20% | 20% | 20% |
| Above ₹10L | 30% | 30% | 30% |
Income-wise Tax Comparison: Old vs New Regime
| Gross Salary | New Regime Tax | Old Regime Tax | You Save (New) |
|---|---|---|---|
| ₹5 Lakh | ₹0 | ₹0 | — |
| ₹7.5 Lakh | ₹0 | ₹46,800 | ₹46,800 |
| ₹10 Lakh | ₹0 | ₹1,17,000 | ₹1,17,000 |
| ₹12.75 Lakh | ₹0 | ₹1,79,400 | ₹1,79,400 |
| ₹15 Lakh | ₹1,09,200 | ₹2,52,000 | ₹1,42,800 |
| ₹20 Lakh | ₹2,08,000 | ₹4,05,600 | ₹1,97,600 |
| ₹30 Lakh | ₹5,20,000 | ₹7,41,000 | ₹2,21,000 |
*Includes 4% cess. Old Regime assumes no deductions. Actual tax depends on deductions claimed.
New vs Old Tax Regime — Which is Better for You?
Choose New Tax Regime if:
- Your gross salary is below ₹12.75 lakh — zero tax either way
- You have minimal deductions (investments under ₹1.5L, no HRA or home loan)
- You prefer simpler tax filing without investment proofs
Choose Old Tax Regime if:
- You pay house rent and claim HRA (₹1 lakh+ per year)
- You have a home loan and claim Section 24 interest (up to ₹2L)
- You invest ₹1.5 lakh under 80C (LIC, PPF, ELSS, PF)
- Total deductions exceed ₹3.75 lakh (break-even threshold)
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Pro Tip: Use the calculator above with your exact deductions to find your answer. For most people earning under ₹15 lakh, the New Regime saves more money.
How to Use This Income Tax Calculator
- Step 1 – Basic Info: Select your Financial Year and age group.
- Step 2 – Income: Enter your gross salary and other income sources.
- Step 3 – Deductions: Enter 80C, 80D, HRA, home loan interest (Old Regime only).
- Calculate: Click “Calculate Tax” to see both regimes side by side with monthly take-home salary.
What is Section 87A Rebate?
| Regime | Income Limit | Max Rebate | Result |
|---|---|---|---|
| New Tax Regime | Up to ₹12,00,000 | ₹60,000 | Zero Tax |
| Old Tax Regime | Up to ₹5,00,000 | ₹12,500 | Zero Tax |
📝 Example: Salary ₹12.75 Lakh — New Regime
| Gross Salary | ₹12,75,000 |
| Less: Standard Deduction | − ₹75,000 |
| Taxable Income | ₹12,00,000 |
| Tax on ₹4L–₹8L @ 5% | ₹20,000 |
| Tax on ₹8L–₹12L @ 10% | ₹40,000 |
| Less: 87A Rebate | − ₹60,000 |
| Net Tax Payable | ₹0 (Zero!) |
Frequently Asked Questions (FAQ)
Is income up to ₹12 lakh completely tax-free in FY 2025-26?
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Yes! Under New Tax Regime, income up to ₹12 lakh is tax-free via Section 87A rebate of ₹60,000. For salaried employees, the ₹75,000 standard deduction means zero tax up to ₹12.75 lakh gross salary.
Which tax regime should I choose in FY 2025-26?
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Use our calculator above to compare both regimes with your exact numbers. Generally, New Regime is better for income under ₹15L with few deductions. Old Regime is better if your total deductions (HRA + 80C + 80D + home loan) exceed ₹3.75 lakh.
What is the standard deduction for salaried employees in FY 2025-26?
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₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime for FY 2025-26 (AY 2026-27). No bills or proofs are required — it is applied automatically.
How is Health and Education Cess calculated?
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4% cess is charged on total income tax including surcharge. For example: Tax = ₹1,00,000 + Surcharge ₹10,000 → Cess = 4% × ₹1,10,000 = ₹4,400. Total = ₹1,14,400. Our calculator computes this automatically.
Can I switch between Old and New Tax Regime every year?
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Salaried employees (without business income) can switch every year when filing ITR. Individuals with business income can switch only once from Old to New Regime and cannot switch back easily.
What is the last date to file ITR for FY 2025-26?
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31st July 2026 for individuals (non-audit). 31st October 2026 for audit cases. Late filing attracts a fee of ₹5,000 (₹1,000 for income below ₹5 lakh) under Section 234F.
How is surcharge calculated?
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Surcharge applies when taxable income exceeds ₹50 lakh: 10% (₹50L–₹1Cr), 15% (₹1Cr–₹2Cr), 25% (₹2Cr–₹5Cr), 37% (above ₹5Cr under Old Regime). New Regime caps surcharge at 25%. Our calculator handles this automatically.
⚠️ Disclaimer: This Income Tax Calculator is for informational and planning purposes only. Results are estimates based on Income Tax Act provisions for FY 2025-26 (Budget 2025). Consult a qualified CA for professional advice. Not affiliated with the Government of India or the Income Tax Department.
Yuvraj Vihol is a professional accountant based in Ahmedabad, Gujarat, India, with more than 2 years ofhands-on experience in GST compliance, ITR filing,TDS/TCS management, and business accounting.
He founded Finance and Tax Guide to simplify complex tax and accounting topics for Indian small businesses, entrepreneurs, and individual taxpayers.
His expertise includes:
• GST Registration and Return Filing
• Income Tax Return (ITR) Filing
• TDS and TCS Compliance
• Business Bookkeeping
• Financial Accounting
• Tax Planning for Small Businesses
Every article published on Finance and Tax Guideis based on practical accounting experience and current Indian tax laws to provide accurate,
easy-to-understand financial guidance.
He founded Finance and Tax Guide to simplify complex tax and accounting topics for Indian small businesses, entrepreneurs, and individual taxpayers.
His expertise includes:
• GST Registration and Return Filing
• Income Tax Return (ITR) Filing
• TDS and TCS Compliance
• Business Bookkeeping
• Financial Accounting
• Tax Planning for Small Businesses
Every article published on Finance and Tax Guideis based on practical accounting experience and current Indian tax laws to provide accurate,
easy-to-understand financial guidance.
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