Stax

Income Tax Calculator

Calculate India income tax for FY 2025-26 under New or Old Regime.

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Gross income before any deductions

Income Tax in India — FY 2025-26

Budget 2025 brought significant changes to the New Tax Regime, making it more attractive for most taxpayers. The nil-tax threshold effectively moved to ₹12 lakh under the New Regime, with a revised standard deduction of ₹75,000 for salaried individuals.

New Regime slabs (FY 2025-26)

  • ₹0 – ₹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%

When to choose the Old Regime

The Old Regime can still save tax if you have significant deductions: Section 80C investments (₹1.5L), HRA exemption, home loan interest (₹2L deduction), NPS contributions (Section 80CCD), and other allowances. If your total deductions exceed roughly ₹3–4 lakh, the Old Regime may result in lower tax.

Disclaimer

This calculator is for informational purposes only. It uses standard deductions and published slab rates. It does not account for all possible exemptions, investments, or individual circumstances. Consult a chartered accountant for exact tax planning.

Frequently asked questions

What is the New Tax Regime for FY 2025-26?
The New Regime introduced in Budget 2025 has revised slabs: 0% up to ₹4L, 5% from ₹4–8L, 10% from ₹8–12L, 15% from ₹12–16L, 20% from ₹16–20L, 25% from ₹20–24L, and 30% above ₹24L. A ₹75,000 standard deduction applies for salaried individuals. Effective nil tax for income up to ₹12L via Section 87A rebate.
Which regime is better — New or Old?
It depends on your deductions. The Old Regime benefits those with high deductions (80C, HRA, home loan interest, NPS). The New Regime is simpler and better for those with few deductions. This calculator shows both and highlights the saving.
What is the Section 87A rebate?
Under the New Regime for FY 2025-26, if your taxable income is ₹12 lakh or less, you get a full rebate — your tax liability is zero. Under the Old Regime, the rebate is ₹12,500 for income up to ₹5 lakh.
What is the standard deduction for FY 2025-26?
Salaried employees and pensioners get a standard deduction of ₹75,000 under the New Regime and ₹50,000 under the Old Regime. This is automatically subtracted from gross income before applying tax slabs.
Does this calculator include surcharge and cess?
Yes. Surcharge applies for incomes above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%). Health and Education Cess of 4% is applied on tax plus surcharge.

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