Income Tax Calculator

Calculate your income tax liability for FY 2025-26 (AY 2026-27)

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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.