Income Tax Calculator FY 2025-26
Compare old and new tax regimes with salary, deductions, Section 87A rebate, marginal relief, surcharge and cess shown in one calculation.
Enter income once and compare both tax regimes
This estimate covers an individual taxpayer's ordinary income taxed at slab rates. Enter only eligible exemptions and deductions after checking their conditions and limits.
Your tax comparison
FY 2025-26 | AY 2026-27
INR 2,10,600
INR 17,550 average per month
INR 97,500
INR 8,125 average per month
This estimate covers ordinary slab-rate income and rounds the final tax to the nearest INR 10. Verify exemptions, deduction limits, TDS credit and return-form rules before filing.
On this page
How the FY 2025-26 income tax calculator works
The calculator builds two separate taxable-income figures because exemptions and deductions available under the old regime are not automatically available under the new regime.
It starts with gross salary or pension and other ordinary income. The old-regime calculation subtracts eligible salary exemptions, professional tax, standard deduction, self-occupied housing-loan interest and entered Chapter VI-A deductions. The new-regime calculation generally uses the INR 75,000 standard deduction and eligible employer NPS contribution entered by the user.
Add income
Combine salary, pension and other income taxable at normal slab rates.
Apply regime rules
Build different deduction totals for old and new regimes.
Calculate tax
Apply slabs, resident rebate, marginal relief and surcharge.
Add cess
Add 4% health and education cess and compare taxes already paid.
Interest under sections 234A, 234B or 234C, late fees, relief under sections 89 or 90, special-rate income, loss set-off, AMT and return-specific adjustments are outside this calculator.
FY 2025-26 and AY 2026-27 mean different periods
Financial Year 2025-26 is when income is earned, from 1 April 2025 to 31 March 2026. Assessment Year 2026-27 is when that income is reported and assessed.
FY 2025-26
Salary, interest, rent, business income, capital gains, deductions, TDS and advance tax belong to this earning period.
AY 2026-27
The corresponding income-tax return, tax reconciliation, processing and assessment use this assessment year.
Choosing the wrong year can load different slab rates or rebate limits. For income earned between April 2025 and March 2026, use the FY 2025-26 and AY 2026-27 rules shown on this page.
New tax regime slabs for FY 2025-26
The new regime is the default regime. It uses wider slabs and limited deductions, with the same slab structure for individual age groups.
| Taxable income | Rate | Tax within the slab |
|---|---|---|
| Up to INR 4,00,000 | Nil | Nil |
| INR 4,00,001 to INR 8,00,000 | 5% | Up to INR 20,000 |
| INR 8,00,001 to INR 12,00,000 | 10% | Up to INR 40,000 |
| INR 12,00,001 to INR 16,00,000 | 15% | Up to INR 60,000 |
| INR 16,00,001 to INR 20,00,000 | 20% | Up to INR 80,000 |
| INR 20,00,001 to INR 24,00,000 | 25% | Up to INR 1,00,000 |
| Above INR 24,00,000 | 30% | 30% of the excess |
Where the INR 75,000 standard deduction is available and no other taxable income exists, taxable income becomes INR 12 lakh. An eligible resident individual can then receive a rebate of up to INR 60,000.
Old tax regime slabs for FY 2025-26
Old-regime slabs depend on age for resident individuals. Non-residents do not receive the higher senior-citizen basic exemption limits.
| Taxable income | Below 60 / non-resident | Resident age 60-79 | Resident age 80+ |
|---|---|---|---|
| Up to INR 2.5 lakh | Nil | Nil | Nil |
| INR 2.5 lakh to INR 3 lakh | 5% | Nil | Nil |
| INR 3 lakh to INR 5 lakh | 5% | 5% | Nil |
| INR 5 lakh to INR 10 lakh | 20% | 20% | 20% |
| Above INR 10 lakh | 30% | 30% | 30% |
The old regime may become competitive where valid HRA, home-loan interest, Section 80C, medical-insurance, NPS and other deductions materially reduce taxable income. A deduction is useful only when its legal conditions and supporting evidence are satisfied.
Old vs new tax regime: how to choose
Do not choose from gross salary alone. Compare taxable income and final tax after every exemption, deduction, rebate, surcharge and cess that actually applies.
| Point | Old regime | New regime |
|---|---|---|
| Default status | Must be validly chosen | Default regime |
| Standard deduction | Up to INR 50,000 | Up to INR 75,000 |
| Section 80C | Generally available up to INR 1.5 lakh | Generally not available |
| HRA and LTA | Available when conditions are met | Generally not available |
| Self-occupied home-loan interest | Generally up to INR 2 lakh under Section 24(b) | Not available in the same manner |
| Section 80D | Available within applicable limits | Generally not available |
| Employer NPS contribution | Available subject to applicable limit | Available subject to applicable limit |
| Section 87A rebate | Up to INR 12,500 where eligible income does not exceed INR 5 lakh | Up to INR 60,000 where eligible income does not exceed INR 12 lakh |
A taxpayer with business or professional income should review Form 10-IEA, due-date and re-entry restrictions before treating the regime choice as an annual switch.
Section 87A rebate and marginal relief above INR 12 lakh
The new-regime rebate is available to an eligible resident individual with qualifying total income up to INR 12 lakh, subject to a maximum of INR 60,000.
The calculator first computes normal slab tax. If taxable income does not exceed INR 12 lakh, it subtracts the eligible rebate. If taxable income is only slightly above INR 12 lakh, marginal relief can restrict the normal tax increase so it does not exceed the income above INR 12 lakh.
Taxable income INR 12 lakh
Normal slab tax is INR 60,000. Eligible Section 87A rebate can reduce this tax to nil before cess.
Taxable income INR 12.10 lakh
Normal slab tax is INR 61,500. Marginal relief can restrict the tax to approximately the INR 10,000 income exceeding INR 12 lakh, before cess.
The increased new-regime rebate does not simply erase tax on capital gains, lottery, gaming, virtual digital assets or other income taxed at special rates. This calculator excludes those amounts.
Deductions included in the calculator
Enter the amount that is legally eligible, not merely the amount paid or invested.
- Standard deduction is automatically limited to salary or pension entered.
- Section 80C is capped at INR 1.5 lakh in the calculator.
- Additional self-contribution to NPS under Section 80CCD(1B) is capped at INR 50,000.
- Self-occupied home-loan interest is capped at INR 2 lakh for the old-regime estimate.
- Section 80D should be entered after applying the relevant self, family, parent and age limits.
- Employer NPS contribution should be the eligible Section 80CCD(2) amount from payroll records.
- Other deductions must not duplicate amounts entered elsewhere.
Maintain proof such as rent records, landlord PAN where required, insurance receipts, loan certificate, donation evidence, NPS statement and investment documents. Employer payroll acceptance does not by itself settle final tax-law eligibility.
Income tax examples for FY 2025-26
These examples assume a resident individual below 60, ordinary slab-rate income, no surcharge and 4% cess. Actual tax changes with deductions and income type.
| Taxable income | New-regime tax | Old-regime tax | Lower result |
|---|---|---|---|
| INR 8 lakh | Nil after eligible rebate | INR 75,400 | New regime by INR 75,400 |
| INR 10 lakh | Nil after eligible rebate | INR 1,17,000 | New regime by INR 1,17,000 |
| INR 12 lakh | Nil after eligible rebate | INR 1,79,400 | New regime by INR 1,79,400 |
| INR 13 lakh | INR 78,000 | INR 2,10,600 | New regime by INR 1,32,600 |
| INR 15 lakh | INR 1,09,200 | INR 2,73,000 | New regime by INR 1,63,800 |
| INR 20 lakh | INR 2,08,000 | INR 4,29,000 | New regime by INR 2,21,000 |
| INR 25 lakh | INR 3,43,200 | INR 5,85,000 | New regime by INR 2,41,800 |
Taxable-income examples do not subtract standard deduction or other deductions again.
Potential zero tax
New-regime standard deduction can reduce taxable salary to INR 12 lakh, allowing an eligible rebate on ordinary income.
Run both calculations
HRA, home interest and Chapter VI-A deductions can narrow or reverse the new-regime advantage.
Use a detailed computation
Capital gains or gaming income cannot be safely compared through ordinary slabs alone.
Capital gains, crypto, lottery and gaming income
Some income is taxed at special rates instead of being absorbed into the ordinary slab calculation.
| Income type | Why the simple calculator is insufficient | Records to prepare |
|---|---|---|
| Listed-equity capital gains | Holding period, transaction date, section 111A or 112A rate, exemption threshold and acquisition cost matter | Broker capital-gains report, contract notes and cost records |
| Property or other capital assets | Holding period, indexation rules where applicable, stamp value, cost and exemptions can change tax | Purchase and sale deeds, improvement proof and exemption investment |
| Virtual digital assets | Specific rate, restricted deductions, loss treatment and TDS reconciliation apply | Exchange ledger, wallets, INR values and TDS records |
| Lottery, betting and online gaming | Special rates and restricted deductions apply | Platform statements, TDS certificates and withdrawal records |
| Dividend income | Usually included in total income, but surcharge caps and related expense rules can matter | Company statements, AIS and Form 26AS |
Doing so can calculate the wrong slab tax, rebate and surcharge. Prepare a head-wise computation and then combine tax according to the return rules.
TDS, TCS, advance tax and expected refund
Tax liability and tax already paid are different numbers. The calculator subtracts the entered TDS, TCS and advance tax only after calculating total tax.
Check Form 16 and 16A
Match salary and non-salary TDS certificates with the corresponding gross receipts.
Review Form 26AS
Confirm deposited TDS, TCS, tax payments and other reported entries.
Review AIS and TIS
Reconcile interest, securities, property, foreign remittance and other information with records.
Pay remaining tax
Consider advance-tax instalments and self-assessment tax with applicable interest before filing.
A negative balance in the calculator indicates a possible refund, not an approved refund. Credit mismatch, outstanding demand, bank validation or return processing can change or delay the amount. CompanyJi's ITR filing services for AY 2026-27 can help reconcile the computation with the return data.
Surcharge and 4% health and education cess
Surcharge is calculated on income tax when total income crosses prescribed thresholds. Cess is then calculated at 4% on tax plus surcharge after applicable relief.
| Total income | New-regime surcharge | Old-regime surcharge |
|---|---|---|
| Up to INR 50 lakh | Nil | Nil |
| Above INR 50 lakh up to INR 1 crore | 10% | 10% |
| Above INR 1 crore up to INR 2 crore | 15% | 15% |
| Above INR 2 crore up to INR 5 crore | 25% | 25% |
| Above INR 5 crore | 25% | 37% |
Marginal relief can cap the jump in tax plus surcharge immediately above a surcharge threshold. Special-rate capital gains and dividend income can have surcharge caps, which this ordinary-income calculator does not model.
A better way to select the tax regime
Choose with final-year evidence, not only with the declaration submitted to payroll at the start of the year.
- Project full-year salary, bonus, interest, rent and business or professional income.
- Separate ordinary income from capital gains and other special-rate income.
- Calculate valid HRA, home-loan and Chapter VI-A claims from documents.
- Check whether business-income regime restrictions and Form 10-IEA apply.
- Compare final tax, not only taxable income or slab rate.
- Recheck after a job change, bonus, property sale or large investment income.
- File the return within the applicable due date where the regime option depends on timely filing.
Payroll tax is only a running estimate
The return must combine income from every employer and source, then reconcile all credits.
Common income tax calculation mistakes
Using AY 2025-26 slabs
Income earned in FY 2025-26 belongs to AY 2026-27 and uses the updated new-regime slabs.
Calling gross salary tax-free up to INR 12 lakh
The rebate test is based on eligible total income and does not automatically cover special-rate income.
Claiming old-regime deductions in new regime
Most familiar HRA, 80C and 80D benefits are not available in the same way.
Ignoring other income
Interest, dividends, rent and prior-employer salary can increase both taxable income and tax.
Using senior slabs for an NRI
Higher old-regime age-based exemption limits generally require resident status.
Mixing capital gains into salary
Special rates, exemptions and rebate rules require a separate computation.
Subtracting TDS from income
TDS is tax already paid, not a deduction from taxable income.
Choosing from payroll alone
The final return must include all income, deductions, losses and tax credits.
Frequently asked questions about FY 2025-26 income tax
What are the new-regime slabs for FY 2025-26?
Nil up to INR 4 lakh, then 5%, 10%, 15%, 20%, 25% and 30% across successive INR 4 lakh slabs, with 30% above INR 24 lakh.
Is tax zero up to INR 12 lakh?
An eligible resident individual can receive a rebate of up to INR 60,000 where qualifying total income under the new regime does not exceed INR 12 lakh. Special-rate income needs separate treatment.
Why is INR 12.75 lakh salary often described as tax-free?
For eligible salary income, the INR 75,000 new-regime standard deduction can reduce INR 12.75 lakh gross salary to INR 12 lakh taxable income, where the resident rebate may apply.
What is the assessment year for FY 2025-26?
The corresponding assessment year is AY 2026-27.
Is the new regime compulsory?
It is the default, but eligible taxpayers can choose the old regime subject to the applicable method, due date and business-income restrictions.
What is the standard deduction?
For eligible salary or pension income, it is generally up to INR 50,000 in the old regime and INR 75,000 in the new regime for FY 2025-26.
Can I claim Section 80C in the new regime?
Most Section 80C deductions are generally unavailable under the new regime. Confirm any specific exception before claiming it.
Can I claim HRA in the new regime?
HRA exemption is generally not available under the new regime, while it can be available under the old regime when conditions and calculation requirements are met.
Can I claim home-loan interest?
Old-regime deduction for self-occupied property may be available up to INR 2 lakh under Section 24(b), subject to conditions. New-regime treatment differs.
Is employer NPS contribution allowed in both regimes?
Eligible employer contribution under Section 80CCD(2) can be available in both regimes, but the percentage and salary-base limits must be checked.
How does marginal relief above INR 12 lakh work?
For eligible normal income only slightly above INR 12 lakh, it can limit tax so the increase does not exceed the income above INR 12 lakh, before cess.
Does the INR 60,000 rebate apply to capital gains?
Do not assume it does. Special-rate income has separate rebate treatment and should be calculated head by head.
Does age change new-regime slabs?
No. The FY 2025-26 new-regime slabs used here are the same across individual age groups.
Does age change old-regime slabs?
Yes, resident senior and super senior citizens have higher basic exemption limits under the old regime.
Can an NRI use senior-citizen old-regime slabs?
Generally no. The age-based higher basic exemption limits are for resident senior and super senior individuals.
What is health and education cess?
It is charged at 4% on income tax plus surcharge after applicable relief.
When does surcharge apply?
It begins when total income exceeds INR 50 lakh, with higher rates above INR 1 crore and INR 2 crore. The old regime can reach 37% above INR 5 crore.
Does the calculator include surcharge marginal relief?
Yes, for ordinary slab-rate income at the standard surcharge thresholds. Special-rate surcharge caps are outside the tool.
Why does my Form 16 show different tax?
Your employer may use different declarations, payroll timing or only employer-known income. Reconcile final evidence and all income in the ITR.
Is TDS a deduction?
No. TDS is tax credit already deposited. It reduces balance payable after tax is calculated, not taxable income.
Can the calculator estimate a refund?
Yes, by comparing estimated tax with entered TDS, TCS and advance tax. The actual refund depends on valid credit and return processing.
Does the calculator include Section 234 interest?
No. Interest for delay or advance-tax shortfall requires dates and instalment-level facts.
Can a freelancer use this calculator?
Yes for a rough ordinary-income comparison, but business expenses, presumptive tax, books, tax audit and Form 10-IEA can require a detailed computation.
When should I get professional help?
Seek review for capital gains, foreign assets or income, multiple properties, business income, losses, high-income surcharge, regime-option questions or tax-credit mismatch.
Sources used for FY 2025-26 rules
The slabs, rebate, surcharge and cess were checked against Government material for AY 2026-27. Verify live portal guidance and return validations before filing.
Turn the estimate into an accurate tax return
Share your salary, other income, deductions, capital gains and tax-credit records. CompanyJi can help compare regimes, reconcile AIS and Form 26AS, and prepare the correct return.