Tax
Income Tax Calculator
Calculate India income tax under old and new regime FY 2025-26
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₹
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Results
Taxable Income—
Income Tax—
Cess (4%)—
Total Tax Payable—
Take Home
Tax
Example Calculations
Quick reference scenarios to validate your planning
| Scenario | Result |
|---|---|
| ₹12L income, New Regime | Tax: ₹83,200 (6.9%) |
| ₹12L income, Old Regime (full 80C) | Tax: ₹1,09,200 (9.1%) |
| ₹20L income, New Regime | Tax: ₹3,11,200 (15.6%) |
How It Works
Formula, methodology and key concepts explained
India has two income tax regimes for FY 2025-26. The New Regime (default) offers lower tax rates but fewer deductions. The Old Regime lets you claim deductions like 80C (₹1.5L), HRA, home loan interest, 80D (health insurance), etc.
New Regime Slabs (FY 2025-26)
- ₹0 – ₹3 lakh: NIL
- ₹3L – ₹7L: 5%
- ₹7L – ₹10L: 10%
- ₹10L – ₹12L: 15%
- ₹12L – ₹15L: 20%
- Above ₹15L: 30%
87A Rebate: If taxable income ≤ ₹12 lakh (new regime), full tax is waived. Effectively, income up to ₹12.75 lakh (with ₹75K std. deduction) is tax-free.
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Frequently Asked Questions
Common questions about Income Tax Calculator
- New regime is better if your total deductions (80C, HRA, 80D, etc.) are less than ₹3.75 lakh for incomes up to ₹15L. For people with home loans, large HRA, and max 80C investments, old regime may save more tax. Use this calculator to compare.
- ₹0–3L: 0%, ₹3–7L: 5%, ₹7–10L: 10%, ₹10–12L: 15%, ₹12–15L: 20%, above ₹15L: 30%. Income up to ₹12L is effectively tax-free with the ₹75K standard deduction and 87A rebate.
- Under the new regime, if your total income after deductions is ≤ ₹12 lakh, you get a rebate equal to the full tax amount (max ₹60,000). This makes income up to ₹12L completely tax-free in the new regime.
- 4% cess is levied on income tax + surcharge. It funds healthcare and education initiatives. This is mandatory and not deductible.
Key Numbers to Know
Benchmark figures for Tax planning in India
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Disclaimer: All calculations are estimates for planning purposes only. Results are based on the inputs you provide and assume constant rates. Actual returns may vary due to market conditions, inflation, tax law changes, and other factors. This is not financial advice. Consult a SEBI-registered investment advisor for personalised guidance. GST rates and income tax slabs are as per latest available information (FY 2025-26) and may change.
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