Income Tax Calculator FY 2025‑26 (India)

Calculate accurate income tax for FY 2025‑26 (AY 2026‑27) under the new and old regime with this online income tax calculator for India, featuring updated slab rates, Section 87A rebate up to ₹12 lakh, the standard deduction of ₹75,000, and an easy comparison of both regimes. Use this income tax calculator India tool to estimate taxes for salary, pension, house property, capital gains, and other income with the latest Finance Act 2025 changes reflected in the new regime slabs.

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This page targets high‑volume queries such as “income tax calculator,” “income tax calculator India,” “income tax calculator FY 2025‑26,” “new tax regime calculator,” “old vs new tax regime,” “income tax slabs 2025‑26,” “Section 87A rebate,” “standard deduction 75,000,” and “tax calculator AY 2026‑27,” ensuring discoverability for salaried employees, freelancers, pensioners, and NRIs filing in India. The content is aligned with the new tax regime updates for FY 2025‑26 and follows authoritative guidance for slabs, rebate rules, default regime behavior, and allowed deductions.

Key updates for FY 2025‑26

• New tax regime slab rates now start with a ₹0–₹4,00,000 NIL slab, extend to 5% for ₹4–8 lakh, 10% for ₹8–12 lakh, 15% for ₹12–16 lakh, 20% for ₹16–20 lakh, 25% for ₹20–24 lakh, and 30% above ₹24 lakh.
• Section 87A rebate under the new regime has been expanded to eliminate tax on taxable income up to ₹12 lakh, effectively making incomes up to ₹12 lakh NIL tax in most cases under the new regime.
• The standard deduction under the new regime for salaried/pensioners is ₹75,000, improving net take‑home and simplifying planning.
• The new regime remains the default, with limited deductions compared to the old regime, though select benefits like employer’s NPS contributions under 80CCD(2) continue.

How to use the calculator

• Enter annual salary income, allowances, perquisites, and applicable standard deduction for the chosen regime.
• Add other income such as interest, rental income, capital gains (STCG/LTCG as applicable), and any business income if relevant.
• Specify deductions where permitted: under the old regime include 80C, 80D, 80G, 80E, etc.; under the new regime only limited deductions apply like employer NPS under 80CCD(2).
• Choose new vs old regime to compare tax liability instantly for FY 2025‑26 (AY 2026‑27), including cess and applicable surcharge levels.
• Review a break‑up of slabs applied, total tax payable, and potential savings from switching regimes for better planning.

New regime slab rates (FY 2025‑26)

| Taxable slab (₹) | Rate |
| — | — |
| 0–4,00,000 | 0%  |
| 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%  |
| 24,00,001 and above | 30%  |

These revised slabs apply from FY 2025‑26 and are designed to make the new regime more attractive versus the old regime by broadening the NIL and lower‑rate brackets and shifting the 30% bracket to above ₹24 lakh.

Old vs new regime (which to choose)

• New regime: Lower rates, broader NIL slab, rebate up to ₹12 lakh, standard deduction ₹75,000, and limited deductions/exemptions; suitable for those without large deductions or complex allowances.
• Old regime: Higher rates but allows traditional deductions and exemptions such as 80C, 80D, HRA, LTA, and home loan interest, which can reduce taxable income significantly when claims are substantial.
• Since the new regime is default, switching to the old regime is possible when beneficial, though business income taxpayers must follow formal option rules.

What this calculator covers

• Salary income, pension, and the standard deduction behavior under both regimes with FY 2025‑26 rules.
• House property income, including rental income and interest rules that differ by regime.
• Other sources such as savings interest and fixed deposit interest, with optional entry of capital gains as per classification.
• Cess and surcharge calculations aligned with the current structure and Finance Act 2025 updates.

Benefits of using an online calculator

• Fast and accurate comparisons between new and old regime for FY 2025‑26 (AY 2026‑27), incorporating the latest slab changes and rebates.
• Clear, actionable visibility into tax liability, making it easy to plan investments and deductions where they still apply.
• Immediate scenario testing for salary changes, bonuses, rent variations (HRA), and NPS contributions to optimize annual tax planning.