Income Tax Calculator FY 2025-26
🎉 Budget 2025 Update: Calculate your income tax for FY 2025-26 (AY 2026-27) with latest tax slabs.
₹12 lakh effectively tax-free in new regime! Standard deduction increased to ₹75,000.
Standard Deduction: ₹ 0✨ Increased to ₹75k in Budget 2025!
Taxable Income
₹ 0
Tax Calculated
₹ 0
Income Tax (After Rebate)
₹ 0
Health & Education Cess (4%)
₹ 0
Total Tax Payable
₹ 0
Effective Tax Rate: 0%
Take-Home Income: ₹ 10,00,000
🎉 Zero tax! Income up to ₹12 lakh is tax-free in the new regime (Budget 2025 - Section 87A enhanced rebate)
📊 Budget 2025 Highlights
Major Changes in FY 2025-26:
- ₹12 lakh tax-free in new regime (enhanced Section 87A rebate)
- Standard deduction increased from ₹50k to ₹75,000 in new regime
- New 25% tax bracket added (₹20-24 lakh)
- 7-slab structure in new regime (vs earlier 6 slabs)
New Tax Regime (FY 2025-26) - Default:
| Taxable Income | 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% (NEW!) |
| Above ₹24,00,000 | 30% |
- ₹75,000 standard deduction (for salaried individuals)
- Section 87A Rebate: Full tax rebate up to ₹12 lakh income (effectively tax-free!)
- No other deductions allowed (except employer NPS u/s 80CCD(2))
Old Tax Regime:
| Taxable Income | Tax Rate |
|---|---|
| Up to ₹2,50,000 (₹3L/₹5L for senior/super senior) | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
- ₹50,000 standard deduction
- All deductions available: 80C (₹1.5L), 80D (₹25k-₹1L), HRA, Home loan interest (₹2L)
- Better for those with high deductions (₹2L+ total)
Which regime should you choose?
- New Regime: Best for most salaried individuals with income up to ₹18-20 lakh and low deductions (<₹1.5L)
- Old Regime: Better if you have high deductions (₹2L+ from 80C, 80D, HRA, home loan interest combined)
- Use this calculator to test both regimes and choose the one with lower tax!
- Pro tip: With ₹12L tax-free in new regime, even middle-class earners benefit significantly