Income Tax Calculator FY 2025-26

Under the new tax regime (FY 2025-26): 0% up to ₹4L, 5% ₹4–8L, 10% ₹8–12L, 15% ₹12–16L, 20% ₹16–20L, 25% ₹20–24L, 30% above ₹24L. Standard deduction of ₹75,000 is available. Resident taxpayers get nil tax up to ₹12L taxable income because of Section 87A rebate and marginal relief.

New regime is better if your deductions are under ~₹3.75L. Old regime is better if you have high deductions (80C, HRA, home loan interest, etc.). Use this calculator to compare both and choose the one with lower tax liability.

Under the new regime (FY 2025-26), resident individuals with taxable income up to ₹12 lakhs get a rebate under Section 87A. For salaried taxpayers, the standard deduction of ₹75,000 means income up to ₹12.75 lakhs can still result in nil tax, subject to marginal relief rules.

Key deductions: 80C (₹1.5L: PPF, ELSS, LIC, tuition fees), 80D (₹25K–50K health insurance), HRA (rent exemption), Standard Deduction ₹50K, Home Loan Interest ₹2L (Sec 24b), 80CCD(1B) NPS ₹50K.

Surcharge on income tax: 10% for income ₹50L–₹1Cr, 15% for ₹1–2Cr, 25% for ₹2–5Cr, 37% for above ₹5Cr (old regime). Under new regime, max surcharge capped at 25%.

The due date for filing Income Tax Return for FY 2025-26 (AY 2026-27) is 31st July 2026 for individuals and HUFs not requiring audit. Late filing attracts a penalty of ₹1,000–₹5,000 under Section 234F.