Income Tax Calculator India – FY 2025-26 (AY 2026-27)
Instant, accurate calculation under Old & New Regime. Compare and save.
India Tax Calculator
New vs Old Tax Regime Calculator 2024-2026
Enter Your Details
Deductions (Old Regime)
2025 Tax Results (New Regime)
Regime Comparison
2025 Tax Rules (New Regime)
New Regime Tax Slabs 2025-26
| Income Slab | Tax Rate |
|---|
📌 What is Income Tax in India?
Income tax is a direct tax levied by the Government of India on the income earned by individuals, Hindu Undivided Families (HUFs), companies, and other entities during a financial year. The tax is calculated based on slab rates that vary depending on your age, income level, and the tax regime you choose.
For the financial year 2025-26 (Assessment Year 2026-27), taxpayers have the option to choose between the old tax regime (with deductions) and the new tax regime (with lower rates but fewer exemptions). Using an income tax calculator fy 2025-26 helps you determine which regime benefits you the most.
🧮 How to Use the Income Tax Calculator India
Our income tax calculator India is designed for simplicity and accuracy. Follow these steps to calculate your tax in seconds:
Step 1 – Select Financial Year
Choose FY 2025-26 from the dropdown menu. The calculator automatically updates slabs based on the selected year.
Step 2 – Choose Your Age Group
Select your age category: Below 60 years, 60 to 80 years (Senior Citizen), or Above 80 years (Super Senior Citizen). Note: Tax exemption limits vary by age under the old regime.
Step 3 – Enter Your Income
Input your annual income from all sources including salary, interest from savings accounts and fixed deposits, rental income, and other sources (dividends, freelance income, etc.).
Step 4 – Add Deductions (For Old Regime)
If you’re comparing the old regime, enter your eligible deductions: Section 80C investments (PPF, ELSS, LIC, etc.) – up to ₹1.5 lakhs; Section 80D health insurance premiums; HRA exemption (if applicable).
Step 5 – Click Calculate
Press the calculate button to see your tax liability under both regimes. The new vs old tax regime calculator India feature shows you which option saves you more money.
📊 Income Tax Slabs for FY 2025-26 (AY 2026-27)
The Union Budget 2026 introduced revised tax slabs under the new regime. Here’s a complete breakdown:
New Tax Regime Slabs – FY 2025-26
| Income Slab (₹) | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Important: Under the new regime, individuals with income up to ₹12 lakhs get full rebate u/s 87A, making their tax liability zero.
Old Tax Regime Slabs – FY 2025-26
| 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% |
Age-wise Exemption Limits (Old Regime): Below 60 years: ₹2.5 lakhs; 60-80 years: ₹3 lakhs; Above 80 years: ₹5 lakhs.
⚖️ Old vs New Tax Regime Comparison
Choosing between the old and new tax regime is one of the most important decisions for tax planning. Here’s a detailed comparison:
| Feature | Old Tax Regime | New Tax Regime |
|---|---|---|
| Tax Slabs | Higher rates | Lower rates |
| Section 80C Deductions | ✓ Available (up to ₹1.5L) | ✗ Not available |
| Section 80D (Health Insurance) | ✓ Available | ✗ Not available |
| HRA Exemption | ✓ Available | ✗ Not available |
| Standard Deduction | ₹50,000 | ₹75,000 |
| Home Loan Interest (Sec 24b) | ✓ Available | ✗ Not available |
| Rebate u/s 87A | Up to ₹5L income | Up to ₹12L income |
| Best For | Those with investments & loans | Those with minimal deductions |
Simply enter your details in the income tax calculator India above. The tool automatically compares both regimes and tells you which one results in lower tax liability.
📝 Income Tax Calculation Example
Let’s understand how the calculate income tax india online tool works with a practical example:
Scenario – Neha’s Income Details: Age 30, Annual Salary ₹15,00,000, Other Income ₹50,000, Section 80C Investments ₹1,50,000, Section 80D Health Insurance ₹20,000, HRA Exemption ₹40,000.
Old Regime Calculation
Gross Total Income: ₹15,50,000
Less: Std Deduction ₹50,000
Less: HRA ₹40,000
Less: 80C ₹1,50,000
Less: 80D ₹20,000
Taxable Income: ₹12,90,000
Tax: ₹2,500 + ₹1,00,000 + ₹87,000 = ₹1,89,500
Cess 4% = ₹7,580
Total Tax: ₹1,97,080
New Regime Calculation
Gross Total Income: ₹15,50,000
Less: Std Deduction ₹75,000
Taxable Income: ₹14,75,000
Tax: ₹20,000 + ₹40,000 + ₹41,250 = ₹1,01,250
Cess 4% = ₹4,050
Total Tax: ₹1,05,300
✅ Neha saves ₹91,780 by choosing the new tax regime. Use our salary tax calculator India to check your own numbers!
📋 Key Deductions and Exemptions for FY 2025-26
| Section | Description | Maximum Limit (₹) |
|---|---|---|
| 80C | PPF, ELSS, LIC, EPF, NSC, Tuition Fees | 1,50,000 |
| 80CCC | Pension Fund Contributions | 1,50,000 (within 80C) |
| 80CCD(1B) | Additional NPS Contribution | 50,000 |
| 80D | Health Insurance Premium | 25,000 (self) + 50,000 (parents) |
| 80E | Interest on Education Loan | No upper limit |
| 80G | Donations to Charitable Funds | 50% or 100% of donation |
| 80TTA | Interest on Savings Account | 10,000 |
| 80TTB | Interest for Senior Citizens | 50,000 |
| 24(b) | Interest on Home Loan (Self-Occupied) | 2,00,000 |
| 24(b) | Interest on Home Loan (Let-Out) | No limit |
| 80EE | First-Time Home Buyers | 50,000 |
| 80EEA | Affordable Housing Loan | 1,50,000 |
| HRA | House Rent Allowance | Based on salary & rent |
| LTA | Leave Travel Allowance | Actual fare (as per rules) |
✅ Benefits of Using Our Income Tax Calculator India
- 100% Accuracy: Our income tax calculator India is programmed with the latest tax rules, slab rates, and exemption limits as per the Income Tax Act 1961 and Union Budget 2026 updates. No manual errors.
- Instant Regime Comparison: The new vs old tax regime calculator India feature shows you side-by-side comparison, helping you make an informed decision within seconds.
- Free and Unlimited Use: Calculate your taxes as many times as you want. Adjust your income, add different deductions, and see how each change affects your tax liability.
- Mobile-Friendly Design: Access the salary tax calculator India from any device – desktop, tablet, or mobile. The responsive design ensures smooth experience everywhere.
- Detailed Breakdown: Get a complete breakdown including gross income, taxable income, tax before cess, cess amount, and net income after tax.
- Copy Results Feature: Easily copy your calculation results with one click.
👥 Who Should Use This Income Tax Calculator India?
- Salaried Employees: To estimate tax on salary and plan investments.
- Freelancers & Self-Employed: To compute advance tax liability.
- Senior Citizens: To understand tax benefits available for age 60+.
- Investors: To plan tax-saving investments under Section 80C, 80D, etc.
- Home Loan Borrowers: To calculate tax benefits on home loan interest.
- Anyone filing ITR: To verify tax payable before filing returns.
❓ Frequently Asked Questions
How to calculate income tax on salary?
To calculate income tax on salary, compute your gross income, subtract eligible deductions (80C, 80D, HRA, standard deduction), apply the tax slab rates (old or new), and add 4% cess. Use our income tax calculator India for instant results.
Which tax regime is better: old or new?
It depends on your deductions. If you have significant deductions (like 80C, HRA, home loan interest), the old regime may be better. If you have few deductions, the new regime with lower rates is beneficial. Use our new vs old tax regime calculator India to compare instantly.
What is the income tax rebate u/s 87A for FY 2025-26?
Under the new regime, rebate u/s 87A is available if total income ≤ ₹12 lakhs, making tax liability zero. Under old regime, rebate is for income ≤ ₹5 lakhs (max ₹12,500).
What are the income tax slabs for FY 2025-26 under new regime?
Up to ₹4L: nil; ₹4-8L: 5%; ₹8-12L: 10%; ₹12-16L: 15%; ₹16-20L: 20%; ₹20-24L: 25%; above ₹24L: 30%.
How much standard deduction is allowed?
Under the old regime, standard deduction is ₹50,000. Under the new regime, it is ₹75,000 for FY 2025-26.
Can I switch between tax regimes every year?
Yes, salaried individuals can switch between regimes annually when filing ITR. However, those with business income have limited switching options.
What is the surcharge on income tax?
Surcharge is applicable if total income exceeds ₹50 lakhs. Rates: 10% for ₹50L–₹1Cr, 15% for ₹1Cr–₹2Cr, 25% for ₹2Cr–₹5Cr, and 37% for above ₹5Cr (reduced to 25% under new regime).
Is there any tax on income from digital assets?
Yes, income from cryptocurrencies and other digital assets is taxed at 30% under Section 115BBH, with no deduction allowed except cost of acquisition.