Income Tax Calculator

Under the new regime (FY 2025-26 / AY 2026-27): nil up to ₹4,00,000; 5% from ₹4,00,001-8,00,000; 10% from ₹8,00,001-12,00,000; 15% from ₹12,00,001-16,00,000; 20% from ₹16,00,001-20,00,000; 25% from ₹20,00,001-24,00,000; and 30% above ₹24,00,000. Tax slabs change with each Union Budget, so confirm against the latest official notification before relying on this for filing.

It's a rebate that brings tax liability to zero for taxpayers under a certain taxable income threshold. Under the new regime for FY 2025-26, the rebate generally applies up to ₹12,00,000 taxable income, with marginal relief tapering it just above that threshold. This calculator applies a simplified version and doesn't model every marginal-relief edge case.

It depends on how much you claim in deductions — HRA, 80C investments, home loan interest, and so on. If your eligible deductions are large, the old regime often works out cheaper; if you claim few deductions, the new regime's lower slab rates usually win. Compare both using this calculator with your actual numbers.

No. This is a simplified estimate for planning purposes only — it excludes surcharge, cess nuances for some cases, and several itemised deductions. For your actual tax filing or a regime decision with real money at stake, verify the latest slabs and consult a qualified chartered accountant.

Yes. It subtracts ₹75,000 from your gross income for the new regime and ₹50,000 for the old regime before applying the slabs, so enter your income before the standard deduction. That is why a salary of up to ₹12,75,000 shows zero tax under the new regime. Under the law, the standard deduction is available only on salary and pension income.

It adds 4% health and education cess to the tax under both regimes, so the figures shown already include cess. It does not add surcharge, which applies only when income is above ₹50 lakh. If your income is in that range, your actual tax will be higher than the estimate shown here.

Not exactly. The calculator uses the general old-regime slabs, with no tax on the first ₹2,50,000. Under the old regime, residents aged 60 to 79 have a basic exemption of ₹3,00,000 and those aged 80 or above ₹5,00,000, so the old-regime figure may be higher than they actually owe. New regime slabs are the same at every age, so that figure is unaffected.

You can, but enter your taxable profit, not turnover, and expect the result to be low. The calculator always subtracts the ₹75,000 standard deduction, which the law allows only on salary and pension. Near the ₹12 lakh mark the gap is large: ₹12,50,000 of business profit shows nil tax, though about ₹52,000 is due under the new regime. People with business income also face limits on switching regimes, so confirm your choice with a CA.