Income Tax Calculator FY 2025-26
Calculate tax under Old and New Regime. Compare both to see which saves more.
Income Details
₹
Enter total CTC or gross annual salary
₹
HRA received – actual rent paid applicable
Standard Deduction (Old Regime): ₹50,000
Basic Exemption (New Regime): ₹4,00,000
Save ₹63,960 more
by choosing the New Tax Regime
New Regime Tax
₹62,400
Taxable Income
₹12,00,000
Income Tax
₹60,000
Health & Education Cess (4%)
₹2,400
Old Regime Tax
₹1,26,359
Taxable Income
₹10,30,000
Income Tax
₹1,21,499
Health & Education Cess (4%)
₹4,860
New Regime – Slab Breakdown FY 2025-26
| Income Slab | Rate | Taxable Amount | Tax |
|---|---|---|---|
| ₹0.0L – ₹4.0L | 0% | ₹4,00,000 | ₹0 |
| ₹4.0L – ₹8.0L | 5% | ₹3,99,999 | ₹20,000 |
| ₹8.0L – ₹12.0L | 10% | ₹3,99,999 | ₹40,000 |
| ₹12.0L – ₹16.0L | 15% | — | — |
| ₹16.0L – ₹20.0L | 20% | — | — |
| ₹20.0L – ₹24.0L | 25% | — | — |
| ₹24.0L – above | 30% | — | — |
About Income Tax in India
Old vs New Regime
India has two tax regimes since FY 2020-21. The Old Regime allows deductions (80C, HRA, home loan interest etc.). The New Regime has lower slab rates but removes most deductions. From FY 2023-24, the New Regime is the default, but you can opt for Old.
New Regime slabs (FY 2025-26)
₹0–3 lakh: 0%
₹3–7 lakh: 5%
₹7–10 lakh: 10%
₹10–12 lakh: 15%
₹12–15 lakh: 20%
Above ₹15 lakh: 30%
Rebate u/s 87A: nil tax if income ≤ ₹12 lakh (new regime)
Key deductions (Old Regime)
Section 80C: up to ₹1.5 lakh (PPF, ELSS, LIC, home loan principal)
Section 80D: health insurance premium up to ₹25,000/50,000
HRA: exempt based on actual rent, 50/40% of salary, and excess rent formula
Standard deduction: ₹75,000 for salaried (FY 2025-26)
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