Income Tax Calculator (FY 2025-26)
This works out your income tax for FY 2025-26 (assessment year 2026-27) under both the new and old regimes, so you can see which one leaves you with more.
The new regime is the default. It has wider slabs, a ₹75,000 standard deduction for salaried people, and a full Section 87A rebate up to ₹12 lakh of taxable income — so a salaried person earning up to about ₹12.75 lakh pays no tax. The old regime keeps the higher deductions (80C, 80D, HRA) but narrower slabs and a rebate only up to ₹5 lakh.
Taxable income ₹11,25,000 is fully covered by the Section 87A rebate under the new regime — zero tax. FY 2025-26 (AY 2026-27).
How it works
- 01Your gross income minus the standard deduction (and, in the old regime, your other deductions) gives taxable income.
- 02Tax is charged slab by slab, then the Section 87A rebate zeroes it out if taxable income is within the limit (₹12L new / ₹5L old), with marginal relief just above the new-regime limit.
- 03Surcharge applies above ₹50 lakh, and a 4% health & education cess is added on top of tax plus surcharge.
Frequently asked
Which regime should I pick?+
Run both. If your deductions (80C, 80D, HRA, home-loan interest) are large, the old regime can still win. If they are modest, the new regime — with its wider slabs, ₹75,000 standard deduction and rebate up to ₹12 lakh — usually leaves more in hand. This calculator shows the tax for whichever you select.
Is income up to ₹12 lakh really tax-free now?+
Under the new regime for FY 2025-26, the Section 87A rebate covers tax on taxable income up to ₹12 lakh. For a salaried person the ₹75,000 standard deduction pushes the break-even gross to roughly ₹12.75 lakh. Above that, marginal relief prevents a small pay rise from creating a disproportionate tax jump.
Does this include surcharge and cess?+
Yes. A 4% health & education cess is always added. Surcharge kicks in above ₹50 lakh of taxable income (10/15/25%, capped at 25% in the new regime). These are included in the total shown.
Is this official tax advice?+
No — it is an estimate using the published FY 2025-26 slabs and rules, and it does not model every special case (capital-gains rates, business income nuances, complex surcharge marginal relief). Confirm against the Income Tax Department utility before filing.