Income Tax Calculator FY 2025-26

Under the new tax regime (FY 2025-26): 0% up to ₹3L, 5% ₹3–7L, 10% ₹7–10L, 15% ₹10–12L, 20% ₹12–15L, 30% above ₹15L. Standard deduction of ₹75,000 available. Rebate u/s 87A: nil tax up to ₹12L income.

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), if your total taxable income is ≤ ₹12 lakhs, you get a full tax rebate under Section 87A — you pay zero income tax. This does not apply to special rate income like capital gains.

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.