Income Tax Calculator FY 2025-26
Calculate your income tax liability for Financial Year 2025-26 (Assessment Year 2025-26). Compare tax under old and new regimes with all deductions and exemptions.
Enter Your Income Details
Old Regime
New Regime
Tax Calculation Breakdown
| Income Slab | Tax Rate | Tax Amount |
|---|---|---|
| Total Tax | ₹78,600 | |
Tax Saving Recommendation
Based on your income, the New Tax Regime saves you ₹18,600 in taxes. Consider switching to the new regime if you don't have significant deductions.
Income Tax Slabs FY 2025-26
Old Tax Regime
| Income Slab | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 - ₹5,00,000 | 5% |
| ₹5,00,001 - ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
New Tax Regime
| Income Slab | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 - ₹6,00,000 | 5% |
| ₹6,00,001 - ₹9,00,000 | 10% |
| ₹9,00,001 - ₹12,00,000 | 15% |
| ₹12,00,001 - ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
About Income Tax Calculation
The Income Tax Calculator helps you estimate your tax liability for Financial Year 2025-26 (Assessment Year 2025-26). It considers both old and new tax regimes, including all applicable deductions, exemptions, and cess.
Key Changes for FY 2025-26
- New Regime is Default: From FY 2023-24, new tax regime is default; must opt-out for old regime
- Higher Standard Deduction: ₹50,000 standard deduction available in both regimes
- Rebate u/s 87A: Increased to ₹25,000 in new regime (income ≤ ₹7,00,000)
- Tax Slabs: New regime has 6 slabs with lower rates but fewer deductions
- Surcharge Reduced: Maximum surcharge reduced from 37% to 25% in new regime
Deductions Available
Section 80C
Investments up to ₹1.5 lakh in EPF, PPF, ELSS, Life Insurance, Home Loan Principal, etc.
Limit: ₹1,50,000Section 80D
Health insurance premium for self, spouse, children (₹25,000) and parents (₹50,000).
Limit: ₹75,000Section 80CCD(1B)
Additional deduction for NPS contributions over and above ₹1.5 lakh limit.
Limit: ₹50,000HRA Exemption
House Rent Allowance exemption based on salary, rent paid, and city of residence.
City based limitsWhich Regime to Choose?
Choose Old Regime If:
- You have home loan and claim HRA
- You invest heavily in tax-saving instruments
- You have significant insurance premiums
- You contribute to charitable donations (80G)
Choose New Regime If:
- You have minimal deductions
- You want simpler tax planning
- Your income is below ₹15 lakhs
- You don't have home loan/HRA benefits
Important Deadlines
Income Tax Calculator India – New vs Old Tax Regime Comparison
Our free Income Tax Calculator for India helps salaried employees, self-employed professionals, and business owners calculate their income tax liability under both the New Tax Regime and the Old Tax Regime for FY 2024-25 (AY 2025-26). Understanding your tax liability is the first step to effective tax planning and maximizing your take-home income.
New Tax Regime vs Old Tax Regime – Which is Better?
The biggest income tax decision for FY 2024-25 is choosing between the two regimes. The New Tax Regime offers lower slab rates but fewer deductions. It now includes a standard deduction of ₹75,000 (increased in Budget 2024). Tax slabs under new regime: 0% up to ₹3 lakh, 5% from ₹3–7 lakh, 10% from ₹7–10 lakh, 15% from ₹10–12 lakh, 20% from ₹12–15 lakh, and 30% above ₹15 lakh. The rebate under Section 87A provides zero tax on income up to ₹7 lakh under the new regime.
The Old Tax Regime has higher slab rates but allows you to claim deductions under Section 80C (up to ₹1.5 lakh), 80D (health insurance), HRA exemption, LTA exemption, home loan interest under Section 24(b), and many others. The old regime is generally better for those with significant investments, home loans, and HRA claims.
Key Income Tax Deductions Under Old Regime
To minimize tax under the old regime, you can claim: Section 80C — up to ₹1.5 lakh for investments in PPF, ELSS, EPF, NPS, life insurance premiums, home loan principal, and school tuition fees. Section 80D — up to ₹25,000 for health insurance premium (₹50,000 for senior citizens). Section 24(b) — up to ₹2 lakh for home loan interest on self-occupied property. Section 80CCD(1B) — additional ₹50,000 for NPS contributions over the 80C limit. HRA Exemption — for salaried employees paying house rent.
How to Use This Income Tax Calculator
Enter your annual gross salary or income, input your deductions under various sections (for old regime), select your age bracket (below 60, 60–80, or above 80 for senior citizen benefits), and choose your preferred tax regime. The calculator instantly shows your taxable income, tax liability under each regime, Health & Education Cess (4%), and net tax payable — helping you choose the more beneficial option.
Disclaimer: This calculator provides estimates based on standard tax rules. Tax laws change annually. Consult a Chartered Accountant for personalized tax advice and filing assistance.