Income Tax Calculator FY 2025-26
Calculate your income tax for FY 2025-26 (AY 2026-27). Compare old vs new tax regime side by side. Includes Section 80C, 80D, HRA, home loan interest, and standard deduction.
Your Income
New regime allows only Standard Deduction of ₹75,000 (FY 2025-26). No 80C, 80D, HRA, or home loan interest deductions apply.
Tax Calculation — New Regime
Slab-wise Breakdown
New vs Old Regime — Comparison
New Tax Regime FY 2025-26 (Default)
Under Budget 2025, the new tax regime became significantly more attractive. The basic exemption increased to ₹4 Lakh, and the Section 87A rebate was raised — making income up to ₹12 Lakh effectively tax-free for those choosing the new regime.
The new regime offers a flat standard deduction of ₹75,000 but disallows most other deductions (no 80C, no 80D, no HRA, no home loan interest). The trade-off: simpler taxes with lower rates, but you can't claim investment-based deductions.
Slabs under new regime: 0% up to ₹4L, 5% (₹4-8L), 10% (₹8-12L), 15% (₹12-16L), 20% (₹16-20L), 25% (₹20-24L), 30% above ₹24L.
Old Tax Regime — When It Still Wins
The old regime is better if you have substantial deductions: max 80C investments (₹1.5L), home loan interest (₹2L), HRA exemption (varies by city and rent), 80D health insurance (up to ₹1L), and NPS contribution (additional ₹50K under 80CCD-1B).
Old regime slabs: 0% up to ₹2.5L (₹3L for 60-80 age, ₹5L for 80+), 5% (₹2.5-5L), 20% (₹5-10L), 30% above ₹10L.
Rule of thumb: if your total deductions exceed ₹4 Lakh annually, the old regime usually wins. If you don't invest much in 80C, don't pay rent (HRA), and don't have a home loan, the new regime is almost always better.
Section 87A Rebate Explained
Section 87A is a tax rebate that effectively makes lower-income individuals tax-free even if their slab calculation shows tax. Under FY 2025-26:
- New regime: Full rebate up to taxable income of ₹12 Lakh — meaning zero tax
- Old regime: Full rebate up to taxable income of ₹5 Lakh
This is why a salary of ₹12.5 Lakh under the new regime actually pays minimal tax (only on the ₹50K above ₹12L).
Health & Education Cess
4% cess applies to your tax liability under both regimes. So if your tax (after rebate) is ₹50,000, the cess adds ₹2,000 — bringing total tax to ₹52,000.
This cess funds primary education and basic healthcare initiatives by the government.
Important: Tax Filing Tip
This calculator gives you an instant estimate. For final tax filing, use the official Income Tax Department portal at incometax.gov.in. The portal pre-fills your salary data via Form 26AS and AIS — making filing 10x easier than manual calculation.
Final advice: don't wait until July 31. File by June to avoid the rush, get refunds faster, and have time to fix errors if any.