Income Tax Calculator India FY2025-26

Free Income Tax Calculator for FY2025-26 with Old vs New Regime Comparison

Calculate your income tax liability in India for Financial Year 2025-26 with latest tax slabs and deductions

Tax Details

₹
years
₹

Tax Calculation

Gross Annual Income
₹12,00,000
Total Deductions
₹50,000
Taxable Income
₹11,50,000
Income Tax
₹72,500
Health & Education Cess (4%)
₹2,900
Total Tax Liability
₹75,400
Net Take-Home Income
₹11,24,600
Effective Tax Rate
6.28%

Regime Comparison

Old Regime Tax₹24,440
New Regime Tax₹75,400
You Save₹0

New Tax Regime Slabs (FY2025-26)

₹0 - ₹3,00,0000%
₹3,00,001 - ₹7,00,0005%
₹7,00,001 - ₹10,00,00010%
₹10,00,001 - ₹12,00,00015%
₹12,00,001 - ₹15,00,00020%
Above ₹15,00,00030%

Old Tax Regime Slabs (FY2025-26)

₹0 - ₹2,50,0000%
₹2,50,001 - ₹5,00,0005%
₹5,00,001 - ₹10,00,00020%
Above ₹10,00,00030%

Available Deductions

• 80C: ₹1,50,000 (PF, ELSS, Insurance)
• 80D: ₹25,000 (Health Insurance)
• HRA: As per rules
• 80E: Education loan interest
• 80G: Donations

Surcharge Rates

₹50 lakh - ₹1 crore10%
₹1 crore - ₹2 crore15%
₹2 crore - ₹5 crore25%
Above ₹5 crore37%

Additional Information

Health & Education Cess

4% on (Income Tax + Surcharge)

Senior Citizens

60-80 years: ₹3 lakh exemption

Above 80 years: ₹5 lakh exemption

Standard Deduction

₹50,000 for salaried individuals

Tax Saving Tips for FY2025-26

  • • Compare both tax regimes annually
  • • Maximize 80C deductions (₹1.5 lakh limit)
  • • Claim health insurance under 80D
  • • Optimize HRA exemption if applicable
  • • Consider NPS for additional 80CCD(1B) benefit
  • • Plan investments for tax efficiency
  • • Keep all investment proofs ready
  • • File returns before due date
  • • Use tax-saving FDs for short-term goals
  • • Consider ELSS for long-term wealth creation