Income Tax Calculator FY 2025-26
Calculate your income tax for FY 2025-26 (AY 2026-27) under New and Old Regime. Includes HRA, 80C, 80D, NPS, home loan, rebate 87A, surcharge, and cess.
Tax Regime
Age Group (affects Old Regime slabs)
₹
₹ 0
Effective rate: 0.00%
| Gross Income | ₹ 10,00,000 |
| Standard Deduction | − ₹ 75,000 |
| Taxable Income | ₹ 9,25,000 |
| Slab Tax | ₹ 32,500 |
| Rebate u/s 87A | − ₹ 32,500 |
| Health & Education Cess (4%) | ₹ 0 |
| Total Tax Liability | ₹ 0 |
| Refund | ₹ 0 |
Estimate for information only, not financial, tax or investment advice. Rates and rules change, so check anything important with a qualified professional or the official source. Terms
How India's Income Tax is Calculated
India uses a slab-based tax system. Your income is taxed at progressively higher rates as it crosses each slab threshold. Only the income within each slab is taxed at that rate — not your entire income.
New Regime Slabs (FY 2025-26)
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Section 87A Rebate
Under the New Regime, if your taxable income is ₹12 lakh or less, a full rebate makes your tax liability zero — even though you technically fall in a taxable slab. This effectively means no tax up to ₹12.75 lakh (₹12L + ₹75K standard deduction).
Under the Old Regime, the rebate of up to ₹12,500 applies when income is ≤ ₹5 lakh.
Key Deductions (Old Regime Only)
- Section 80C: PPF, ELSS, LIC, EPF, home loan principal, tuition fees — capped at ₹1.5 lakh
- Section 80CCD(1B): Extra NPS contribution — up to ₹50,000 over the 80C limit
- Section 80D: Health insurance — ₹25K self/family (₹50K if senior), ₹25K parents (₹50K if senior parents)
- Section 24(b): Home loan interest — up to ₹2 lakh for self-occupied property
- Section 80E: Education loan interest — no monetary cap, available 8 years
- HRA Exemption: Least of actual HRA, rent paid minus 10% of basic, or 50%/40% of basic (metro/non-metro)
Example
A salaried individual earning ₹12,00,000/year under the New Regime pays tax only on income above the relevant slabs, with a Section 87A rebate potentially reducing the effective liability further — enter your exact income and regime here to see the precise breakdown.
Common Use Cases
- Comparing Old Regime vs. New Regime tax liability before choosing.
- Estimating take-home salary after tax for budgeting.
- Planning Section 80C/80D investments to reduce Old Regime tax.
FAQs
Which regime should I choose?
The New Regime generally suits those with few deductions/investments, since it offers lower slab rates but no exemptions. The Old Regime can work out better if you have significant 80C, 80D, HRA, or home loan deductions — compare both here to see which is lower for your numbers.