Income Tax Calculator FY 2025-26 (AY 2026-27)
Compare tax liability under Old and New regimes to maximize your take-home salary.
Total income before any deductions.
EPF, PPF, ELSS, LIC, Home Loan Principal, etc.
NPS (80CCD), Health Insurance (80D), HRA, Home Loan Interest, etc.
Slabs & rates: FY 2025-26 (AY 2026-27) · source · verified 2026-06-30
Recommendation
New Regime is better for you
You save ₹1,06,600 in tax by choosing the New Regime.
New Tax Regime
₹0
Old Tax Regime
₹1,06,600
How the Income Tax Calculator works
This calculator compares your income tax under the Old and New regimes for FY 2025-26 (AY 2026-27) so you can pick the one that leaves more money in your pocket. Enter your gross salary and deductions, and it computes taxable income, applies the relevant slab rates, the Section 87A rebate and 4% health & education cess.
Under the New regime (the default), a standard deduction of ₹75,000 applies and, thanks to the Section 87A rebate, taxable income up to ₹12 lakh attracts zero tax — effectively ₹12.75 lakh for salaried individuals. The Old regime lets you claim deductions like 80C, 80D and HRA but has higher slab rates and a smaller ₹50,000 standard deduction.
How tax is computed
Tax = Σ (income in each slab × that slab's rate) − 87A rebate + 4% cess
Slabs are applied marginally — each rate applies only to the income that falls within that slab.
Frequently asked questions
Is income up to ₹12 lakh really tax-free under the new regime?+
Yes. For FY 2025-26, the Section 87A rebate makes tax zero for taxable income up to ₹12 lakh under the new regime. For salaried people, the ₹75,000 standard deduction pushes this to about ₹12.75 lakh of gross salary.
Which regime should I choose — old or new?+
It depends on your deductions. If you claim large deductions (80C, home loan interest, HRA), the old regime can win. If you have few deductions, the new regime's lower rates usually leave more in hand. This calculator shows both and recommends the cheaper one.
What is the standard deduction for FY 2025-26?+
₹75,000 under the new regime and ₹50,000 under the old regime, available to salaried individuals and pensioners.
What is the health and education cess?+
A 4% cess is added on top of your income tax under both regimes. This calculator includes it in the total.
Does this calculator include surcharge for high incomes?+
It focuses on the common slab, rebate and cess calculation. Surcharge applies above ₹50 lakh of income and can change the final figure — treat the result as an estimate and consult a professional for very high incomes.