Income Tax Calculator

This Income Tax Calculator is a free tool to calculate taxes on your income using the most up-to-date tax brackets for FY 2025-26. It helps you understand your tax liability under the new tax regime.

Simply enter your annual income in lakhs (e.g., enter 12.75 for ₹12,75,000) and specify if you're a salaried employee. Your tax calculation will update automatically as you make changes.

India offers two primary tax regimes for individuals:

• Old Regime: Higher tax rates but offers numerous deductions and exemptions (e.g., 80C, 80D, HRA)
• New Regime: Lower tax rates with fewer deductions, designed to simplify tax filing

This calculator allows you to compare both regimes to determine which is more beneficial for your situation.

The tax slabs vary by regime and financial year. For FY 2025-26:

New Regime FY 2025-26:

• ₹0 to ₹4,00,000: 0%
• ₹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%

A rebate of up to ₹60,000 under Section 87A is available if your net taxable income is up to ₹12,00,000.

Old Regime FY 2025-26:

• ₹0 to ₹2,50,000: 0%
• ₹2,50,001 to ₹5,00,000: 5%
• ₹5,00,001 to ₹10,00,000: 20%
• Above ₹10,00,000: 30%

A rebate of up to ₹12,500 under Section 87A is available if your net taxable income is up to ₹5,00,000.

The calculator automatically applies the appropriate slabs based on your selected regime and financial year.

The new tax regime allows the following deductions:

• Standard Deduction: ₹75,000 for salaried employees
• Family Pension Deduction: Up to ₹25,000 or 1/3 of the family pension, whichever is less
• Interest on Education Loan (Section 80E): No upper limit on interest paid for higher education loans
• Employer Contribution to Recognized Funds: Up to 10% of salary for employer contributions to PF, NPS, and other approved pension funds

Common deductions like those under Section 80C (PPF, life insurance) and Section 80D (health insurance) are not available under the new tax regime.

The standard deduction for salaried individuals under the new tax regime for FY 2025-26 is ₹75,000. This amount is automatically deducted from your taxable income if you are a salaried employee.

Yes! After calculating your tax, you'll see a "Share Result" button below the calculation. Click it to copy a link that you can share with others. When they open the link, they'll see the same tax calculation with your income and settings.