Income Tax Calculator
FY 2025-26 (AY 2026-27) ā New Regime vs Old Regime comparison.
Max ā¹1.5L under Section 80C. Old regime also gives ā¹50,000 standard deduction.
FY 2025-26 New Regime slabs:
ā¹0ā3L: Nil Ā· ā¹3ā7L: 5% Ā· ā¹7ā10L: 10% Ā· ā¹10ā12L: 15% Ā· ā¹12ā15L: 20% Ā· Above ā¹15L: 30%
Rebate u/s 87A: Zero tax if net income ā¤ ā¹12L (New) / ā¹5L (Old)
India's income tax system offers two regimes: the new regime (lower rates, no exemptions) and the old regime (higher rates, multiple deductions). Choosing the right regime can save you thousands of rupees annually. This income tax calculator for FY 2025-26 instantly computes your tax liability under both regimes and tells you which one is better for your situation.
š How to Use This Calculator
Enter your annual gross income (salary, business income, or other sources). Under the old regime, also enter key deductions ā Section 80C investments (PF, PPF, ELSS, LIC, etc. up to ā¹1.5L), HRA exemption, home loan interest (Section 24b up to ā¹2L), and health insurance premium (Section 80D). The calculator shows your taxable income, tax breakdown by slab, surcharge, cess, and total tax payable under both regimes ā with a clear "Better For You" recommendation.
š” Key Facts & Information
New Regime Tax Slabs FY 2025-26: ā¹0ā3L: nil; ā¹3Lā7L: 5%; ā¹7Lā10L: 10%; ā¹10Lā12L: 15%; ā¹12Lā15L: 20%; above ā¹15L: 30%. Key benefit: income up to ā¹12 lakh is effectively tax-free due to rebate under Section 87A. Old Regime Slabs: ā¹0ā2.5L: nil; ā¹2.5Lā5L: 5%; ā¹5Lā10L: 20%; above ā¹10L: 30%. A 4% Health & Education Cess applies to tax in both regimes. Surcharge applies for income above ā¹50L. The new regime is now the default ā you must specifically opt for the old regime when filing returns. Salaried employees can switch regime every year.