Income Tax Calculator — FY 2025–26

Income Tax for FY 2025–26

Budget 2025 made the new regime even more attractive — the slabs were widened and the 87A rebate extended to ₹12,00,000 of total income, meaning a salaried person earning ₹12.75L pays zero tax under the new regime. This calculator runs both regimes side-by-side so you can pick the one that actually saves money for your unique mix of deductions.

New regime slabs (default)

• Up to ₹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%
• Plus 4% Health & Education Cess.
• Standard deduction ₹75,000 (salaried & pensioners).
• 87A rebate makes tax nil up to ₹12,00,000 taxable income.

Old regime slabs (opt-in)

• Up to ₹2,50,000 — Nil
• ₹2,50,001 – ₹5,00,000 — 5%
• ₹5,00,001 – ₹10,00,000 — 20%
• Above ₹10,00,000 — 30%
• Standard deduction ₹50,000.
• 87A rebate up to ₹5,00,000 taxable.
• Plus 4% cess.

Which regime should you pick?

Rule of thumb: the more deductions you actively use (80C maxed + 80D + home-loan interest + HRA), the stronger the old regime is. People with few deductions, single-earner salaries, or non-metro rent usually win under the new regime.

• If your total annual deductions exceed roughly ₹4.25 lakh, old regime usually wins.
• Below that, new regime usually wins.
• The break-even shifts with income — run both with your own numbers above.

Key old-regime deductions

• Section 80C (₹1.5L cap): EPF, PPF, ELSS, life insurance premium, 5-year tax-saver FD, tuition fees, home-loan principal.
• Section 80D: ₹25k (self+family) + ₹50k (senior parents). Includes preventive check-up ₹5k.
• Section 24(b): home-loan interest up to ₹2L on self-occupied house.
• Section 80CCD(1B): extra ₹50k for NPS contribution.
• HRA u/s 10(13A): see our HRA calculator.
• LTA, NPS employer (80CCD(2)), education-loan interest (80E), donations (80G).

FAQ