Income Tax Calculator FY 2025-26 (AY 2026-27)
Compare your income tax under the New and Old regimes side by side, including standard deduction, Section 87A rebate and 4% cess — updated for the Budget 2025 slabs.
New Regime (default)
Better for you- Taxable income
- ₹13,25,000
- Income tax
- ₹78,750
- Health & education cess (4%)
- ₹3,150
Total tax: ₹81,900
Old Regime
- Taxable income
- ₹12,00,000
- Income tax
- ₹1,72,500
- Health & education cess (4%)
- ₹6,900
Total tax: ₹1,79,400
The New Regime saves you ₹97,500 this year. Standard deduction applied: ₹75,000 (new) / ₹50,000 (old) for salaried. Surcharge on income above ₹50 lakh is not included. This is an estimate for FY 2025-26 (AY 2026-27), not tax advice.
How to use
- 1Enter your annual gross income.
- 2If you are considering the old regime, enter your 80C, 80D and HRA deductions.
- 3Compare the two regimes side by side — the better one for you is marked.
- 4Read your taxable income, the tax, and the 4% health and education cess.
Frequently Asked Questions
Is income up to ₹12 lakh really tax-free in the new regime?
Yes — for FY 2025-26 the Section 87A rebate makes tax zero when taxable income is up to ₹12 lakh in the new regime. For salaried taxpayers, the ₹75,000 standard deduction means salary income up to ₹12.75 lakh is effectively tax-free. Above that, marginal relief prevents a sudden jump in tax.
Which regime should I choose?
The new regime is now the default and is better for most people with few deductions. The old regime can still win if you claim large deductions — home loan interest, HRA, 80C, 80D and NPS together exceeding roughly ₹4–5 lakh. Enter your deductions above to compare.
What are the FY 2025-26 new regime slabs?
0–4 lakh: nil; 4–8 lakh: 5%; 8–12 lakh: 10%; 12–16 lakh: 15%; 16–20 lakh: 20%; 20–24 lakh: 25%; above 24 lakh: 30%. Plus 4% health and education cess on the tax.
Does this calculator include surcharge?
No — surcharge applies on total income above ₹50 lakh and is not included here. For high incomes, consult a CA for the exact figure.