Income Tax Calculator
Calculate income tax for FY 2025-26 under old and new tax regimes. Compare both to find which saves more.
Income tax calculator computes your tax liability for FY 2025-26 under both the old and new tax regimes. Enter your annual income, age group, and deductions such as Section 80C, 80D, and HRA. The tool shows a slab-by-slab breakdown and Section 87A rebate. Final payable tax under each regime appears side by side.
Enter salary before standard deduction
Frequently Asked Questions
- Which tax regime is better for me, old or new?
- At ₹10 lakh income, the new regime saves more when deductions total below ₹3.75 lakh. Above that level, the old regime typically wins. Use the side-by-side comparison in this calculator to check your specific numbers.
- What are the income tax slabs for FY 2025-26 under the new regime?
- New regime slabs (FY 2025-26): 0% up to ₹4 lakh, 5% from ₹4–8 lakh, 10% from ₹8–12 lakh. Higher slabs: 15% for ₹12–16 lakh, 20% for ₹16–20 lakh, 25% for ₹20–24 lakh, and 30% above ₹24 lakh. Standard deduction of ₹75,000 applies. Income up to ₹12.75 lakh is effectively zero-tax after the Section 87A rebate.
- What is Section 87A rebate?
- Section 87A provides a rebate to reduce your final payable tax. Under the new regime for FY 2025-26, the rebate is ₹60,000 for total income up to ₹12 lakh. Under the old regime, the rebate is ₹12,500 for income up to ₹5 lakh. The rebate is applied after computing slab-wise tax and before adding education cess.
- What is education cess on income tax?
- Education cess is 4% charged on the total income tax after rebate. If your tax after rebate is ₹50,000, cess adds ₹2,000 for a total payable of ₹52,000.
- How much can I save under Section 80C?
- Section 80C allows deductions up to ₹1.5 lakh per year under the old regime. Eligible investments include EPF, PPF, ELSS, NSC, 5-year FD, and LIC premiums. Section 80C deductions are not available under the new regime.
- Are senior citizens taxed differently?
- Under the old regime, senior citizens (60–79) get a higher basic exemption of ₹3 lakh instead of ₹2.5 lakh. Super senior citizens (80+) get ₹5 lakh exemption. Under the new regime, slabs are the same for all age groups.
What is Income Tax Calculator India?
Income tax calculator India computes your tax liability for FY 2025-26 under the old and new tax regimes. India runs two parallel tax systems since FY 2020-21. The new regime offers lower slab rates with fewer deductions. The old regime keeps higher slab rates but allows deductions under 80C, 80D, HRA, and home loan interest. Choosing the right regime can save thousands of rupees annually.
The calculator shows a slab-by-slab breakdown for both regimes and highlights which saves more for your income and deductions.
How does it work?
Start with gross total income: salary, business income, rental income, interest, and capital gains. A standard deduction of ₹75,000 applies under the new regime and ₹50,000 under the old regime for salaried individuals.
Under the old regime, deductions from Section 80C, 80D, HRA, and home loan interest under Section 24(b) reduce taxable income. Under the new regime, most deductions are not allowed except the employer's NPS contribution under Section 80CCD(2).
Tax is computed slab-by-slab on taxable income. The Section 87A rebate then reduces the computed tax. Education cess at 4% is added to the post-rebate tax to arrive at the final payable amount.
Surcharge applies on income above ₹50 lakh. Rates: 10% for ₹50 lakh to ₹1 crore, 15% for ₹1–2 crore, and 25% above ₹2 crore. The calculator shows surcharge where applicable.
Income Tax Calculator in India
India's tax year runs from April 1 to March 31. The Union Budget, presented in February, sets the slabs and rates for the financial year starting the following April. FY 2025-26 runs from April 1, 2025 to March 31, 2026. Returns for this year are filed by July 31, 2026.
The new tax regime became the default from FY 2023-24. Salaried individuals no longer need to explicitly opt for it. Old regime preference must be declared with the employer at the start of the year for TDS.
Under the new regime, the ₹60,000 Section 87A rebate means individuals earning up to ₹12.75 lakh pay no income tax. At ₹12.75 lakh gross minus ₹75,000 standard deduction, taxable income is ₹12 lakh. The computed tax of ₹60,000 is fully offset by the rebate, giving a zero net payable amount.
Under the old regime, zero tax applies up to ₹5 lakh. The ₹12,500 rebate offsets the entire 5% slab tax. Above ₹5 lakh, the full slab tax applies with no rebate.
Tips to get the best results
- Enter gross salary before deductions. The calculator applies the standard deduction automatically. Do not subtract it manually before entering.
- HRA exemption depends on actual rent paid, salary structure, and city tier. Compute HRA exemption separately and enter only the exempt portion as a deduction.
- Section 80C has a ₹1.5 lakh ceiling across all eligible instruments combined. EPF employee contribution counts toward this limit.
- Above ₹15 lakh, the new regime almost always wins unless you have maximised 80C, 80D, and home loan interest. Run both regimes through the calculator before deciding.
Related tools
EMI Calculator
FinanceCalculate monthly EMI for home loans, car loans, and personal loans.
SIP Calculator
FinanceCalculate SIP maturity value, total invested amount, and estimated returns for any monthly SIP.
PAN Card Validator
IndiaVerify any PAN number format and decode entity type, name initial, and jurisdiction instantly.