Income Tax Calculator India FY 2025-26
Calculate your income tax liability for FY 2025-26 (AY 2026-27). Compare new vs old tax regime to save tax.
Income Tax Calculator FY 2025-26 (AY 2026-27)
Calculate your income tax under New or Old Tax Regime. Compare both to find the best option.
Income Tax Calculator FY 2025-26 (AY 2026-27)
Calculate your income tax under both New and Old Tax Regimes. Updated with latest Budget 2025 changes.
New Tax Regime Slabs (FY 2025-26)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Key Changes in Budget 2025
- • Basic exemption limit increased to ₹4,00,000
- • Standard Deduction of ₹75,000 for salaried employees
- • Section 87A rebate increased to ₹60,000
- • Tax exemption up to ₹12,75,000 for salaried employees
- • Family Pension Standard Deduction: ₹25,000
FY 2025-26 Changes
In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime. Under the new tax system, people will not have to pay income tax on annual earnings up to Rs 12,00,000.
- Slab Rates have been changed under the new tax regime
- Individuals with an annual income of up to ₹12 lakh will be exempt from income tax under the new tax regime
- For salaried workers, income up to Rs 12,75,000 will be tax-free
- The Section 87A rebate has been raised to Rs 60,000
Tax Savings Comparison
| Gross taxable income | Current tax payable | Proposed tax payable | Tax saved |
|---|---|---|---|
| ₹12,75,000 | ₹83,200 | 0 | ₹83,200 |
Frequently Asked Questions
What is the amount of standard deduction available under the new tax regime?
Standard deduction of Rs 75,000 is available to taxpayers having income from salary and pension income under the new tax regime.
Can a family pensioner claim standard deduction under the new tax regime?
Yes, a family pensioner can claim standard deduction of Rs 25,000 under the new tax regime.
What are the deductions that can be claimed under the new tax regime?
Currently, an individual can claim deduction under Section 80CCD (2) on employer's contribution to NPS account for up to 14% of basic salary. One can also claim standard deduction of Rs 75,000 from salary/pension income.
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Free Income Tax Calculator India 2025-26 | Compare New vs Old Tax Regime
Calculate your income tax for Financial Year 2025-26 (Assessment Year 2026-27) using our comprehensive tax calculator. Compare the new tax regime and old tax regime to determine which option results in lower tax liability. Our calculator is updated with the latest Budget 2025 changes as per the Income Tax Department of India.
Key Features of Our Income Tax Calculator
- Calculate tax under both new tax regime and old tax regime
- Automatic calculation of standard deduction (₹75,000 for new regime, ₹50,000 for old regime)
- Section 87A rebate calculation (₹60,000 for taxable income up to ₹12,00,000)
- Support for deductions under old regime (80C, 80D, HRA, home loan interest, etc.)
- Accurate surcharge and cess calculation as per Income Tax Act
- Compare tax savings between both regimes
- Calculate effective tax rate and take-home salary
New Tax Regime vs Old Tax Regime - Which is Better?
The new tax regime offers lower tax rates but restricts most deductions. The old tax regime has higher rates but allows various deductions like Section 80C (up to ₹1.5L), 80D (health insurance), HRA, home loan interest under Section 24(b), and more. Use our calculator to compare both regimes and choose the one that minimizes your tax liability.
Latest Tax Slabs for FY 2025-26
New Tax Regime: 0% up to ₹4,00,000, 5% for ₹4,00,001-₹8,00,000, 10% for ₹8,00,001-₹12,00,000, 15% for ₹12,00,001-₹16,00,000, 20% for ₹16,00,001-₹20,00,000, 25% for ₹20,00,001-₹24,00,000, and 30% above ₹24,00,000.
Old Tax Regime: 0% up to ₹2,50,000, 5% for ₹2,50,001-₹5,00,000, 20% for ₹5,00,001-₹10,00,000, and 30% above ₹10,00,000.
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