Income Tax Calculator FY 2025-26
Calculate your income tax liability instantly. Compare Old vs New Tax Regime and discover which option saves you more money with accurate, up-to-date tax slabs.
Calculate Your Tax & Compare Both Regimes
User Selections
Income Details
Salary Income
Business & Other Income
House Property Income
Capital Gains
Virtual Digital Assets (VDA)
Deductions (Chapter VI-A)
Note: Most deductions available only under Old Tax Regime
Tax Calculation Result - FY
🔵 Old Tax Regime
🟢 New Tax Regime
Tax Comparison Chart
Income Tax Calculator FY 2025-26 (AY 2026-27)
Calculate your tax liability under new tax regime with ₹60,000 rebate and revised slab rates effective from April 1, 2025
Also supports previous year: FY 2024-25 (AY 2025-26)
🎉 Budget 2025: Game-Changing Tax Relief!
No income tax for income up to ₹12 Lakhs under New Tax Regime!
The Finance Minister announced major tax relief in Budget 2025, bringing significant savings for middle-class taxpayers.
₹60,000 Rebate
Increased from ₹25,000
₹75,000 Standard Deduction
Increased from ₹50,000
New 25% Slab
₹20L-₹24L income bracket
30% Slab at ₹24L
Raised from ₹15L
Modified Slab Rates for FY 2025-2026 (AY 2026-2027)
| Income Tax Slabs | Tax Rate | Tax on Slab |
|---|---|---|
| Up to ₹4,00,000 | NIL | ₹0 |
| ₹4,00,001 - ₹8,00,000 | 5% | ₹20,000 on ₹4L |
| ₹8,00,001 - ₹12,00,000 | 10% | ₹40,000 on ₹4L |
| ₹12,00,001 - ₹16,00,000 | 15% | ₹60,000 on ₹4L |
| ₹16,00,001 - ₹20,00,000 | 20% | ₹80,000 on ₹4L |
| ₹20,00,001 - ₹24,00,000 | 25% | ₹1,00,000 on ₹4L |
| Above ₹24,00,000 | 30% | Variable |
Key Highlight: With standard deduction of ₹75,000 and rebate of ₹60,000, individuals with income up to ₹12 lakhs will pay ZERO income tax under the new regime!
Budget 2025 has brought unprecedented tax relief for Indian taxpayers! With the new tax regime for FY 2025-26, individuals earning up to ₹12 lakhs pay absolutely zero income tax. Our advanced income tax calculator helps you accurately calculate your tax liability, compare old vs new tax regimes, and make informed financial decisions – all without hiring an expensive tax consultant.
Whether you're a salaried employee, business owner, or have multiple income sources, our calculator processes all deductions, exemptions, and the latest Budget 2025 provisions to give you precise tax estimates within seconds. Explore how the calculator works, understand the new tax benefits, and streamline your tax planning for maximum savings.
What is the Income Tax Calculator?
The Income Tax Calculator is a free, easy-to-use online tool designed to help Indian taxpayers calculate their exact tax liability based on comprehensive income details for FY 2025-26 (AY 2026-27). Our calculator is fully updated with Budget 2025 provisions including the new ₹12 lakh zero-tax benefit, revised slab rates, increased standard deduction of ₹75,000, and enhanced rebate of ₹60,000.
The calculator provides intelligent comparison between old and new tax regimes, helping you identify which option saves you the most money. It factors in all income sources (salary, house property, capital gains, business income, and other sources) along with eligible deductions under sections 80C, 80D, 80TTA, and more. Within seconds, you get a detailed breakdown showing gross income, applicable deductions, taxable income, and final tax liability including cess and surcharge.
✓ Budget 2025 Compliant
Latest tax slabs and rebates
✓ Dual Regime Comparison
Old vs New side-by-side
✓ All Income Sources
Salary, rental, capital gains
✓ Instant Results
Calculate in under 5 seconds
How to Use the Income Tax Calculator for FY 2025-26
Our calculator is designed for maximum simplicity. Follow these four easy steps to get your accurate tax calculation:
Select Financial Year
Choose FY 2025-26 (AY 2026-27) for current year calculations with Budget 2025 benefits, or FY 2024-25 for previous year reference
Enter Income Details
Fill in your complete income information including basic salary, HRA, special allowances, and income from other sources like interest and rental income
Add Tax-Saving Investments
Input your investments under Section 80C (PPF, ELSS, LIC), 80D (health insurance), 80TTA (savings interest) for old regime calculation
Click Calculate & Compare
Hit the calculate button to instantly see your tax liability under both regimes with detailed breakup. Choose the regime that minimizes your tax burden
Pro Tip: If your income is below ₹12 lakhs and you have minimal investments, the new tax regime (FY 2025-26) will likely be more beneficial due to the ₹60,000 rebate and zero tax benefit!
Live Tax Calculation Examples for FY 2025-26
Example 1: Mr. B with ₹12 Lakh Income – ZERO Tax!
Mr. B's Income Details (FY 2025-2026):
- Salary Income: ₹10,75,000 annually
- Fixed Deposit Interest: ₹1,50,000
- Rental Income: ₹75,000
- Total Gross Income: ₹13,00,000
Tax Calculation (New Regime - FY 2025-26)
Key Learning: Even though Mr. B's gross income is ₹13 lakhs, after ₹75,000 standard deduction, his taxable income becomes ₹12.25 lakhs. While this slightly exceeds ₹12 lakhs, the ₹60,000 rebate still applies partially, resulting in very minimal tax of just ₹6,300!
Budget 2025 Impact: Under FY 2024-25 slabs, Mr. B would have paid ₹45,000+ in taxes. Budget 2025 saves him approximately ₹38,700!
Example 2: Ms. Priya with ₹18 Lakh Income – Massive Savings!
Ms. Priya's Income Details (FY 2025-2026):
- Salary Income: ₹15,00,000
- Business Income: ₹2,50,000
- Capital Gains: ₹50,000
- Total Income: ₹18,00,000
- Investments (80C): ₹1,50,000 | Health Insurance (80D): ₹25,000
Old Tax Regime (FY 2024-25 Rules)
New Tax Regime (FY 2025-26 - Budget 2025) ✓
New regime is better even without 80C deductions!
Analysis: Despite having ₹1.75 lakhs in tax-saving investments, Ms. Priya benefits more from the new regime due to Budget 2025's lower slab rates and new 25% bracket. The reduced rates outweigh the loss of deductions!
Example 3: Radhika – Detailed Salary Breakdown
Let's understand comprehensive income tax calculation under both regimes with a typical salaried employee example:
Radhika's Salary Structure:
- Basic Salary: ₹1,00,000 per month (₹12,00,000 annually)
- HRA: ₹50,000 per month (₹6,00,000 annually)
- Special Allowance: ₹21,000 per month (₹2,52,000 annually)
- LTA (Leave Travel Allowance): ₹20,000 annually
- Rent Paid: ₹40,000 per month in Delhi
- Interest from Savings: ₹8,000 | FD Interest: ₹12,000
Radhika's Tax-Saving Investments:
- PPF Investment: ₹50,000
- ELSS Mutual Funds: ₹20,000
- LIC Premium: ₹8,000
- EPF Contribution (Employee): ₹1,44,000 (12% of basic)
- Health Insurance: ₹12,000
Step 1: Calculate Gross Salary Income
| Component | Annual Amount | Exemption (Old) | Taxable (Old) | Taxable (New) |
|---|---|---|---|---|
| Basic Salary | ₹12,00,000 | - | ₹12,00,000 | ₹12,00,000 |
| HRA | ₹6,00,000 | ₹3,60,000* | ₹2,40,000 | ₹6,00,000 |
| Special Allowance | ₹2,52,000 | - | ₹2,52,000 | ₹2,52,000 |
| LTA | ₹20,000 | ₹12,000** | ₹8,000 | ₹20,000 |
| Salary Income | - | - | ₹17,00,000 | ₹20,72,000 |
| Less: Std Deduction | - | ₹50,000 | (₹50,000) | (₹75,000) |
| Other Income (Interest) | ₹20,000 | - | ₹20,000 | ₹20,000 |
| Gross Total Income | - | - | ₹16,70,000 | ₹20,17,000 |
*HRA Exemption = Minimum of (Actual HRA, Rent-10% Basic, 50% Basic for metro). **LTA exempt only with bills submitted.
Step 2: Apply Deductions (Old Regime Only)
| Section | Maximum Limit | Investments/Expenses | Deduction Claimed |
|---|---|---|---|
| Section 80C | ₹1,50,000 | PPF ₹50k + ELSS ₹20k + LIC ₹8k + EPF ₹1,44,000 | ₹1,50,000 |
| Section 80D | ₹25,000 | Health Insurance Premium | ₹12,000 |
| Section 80TTA | ₹10,000 | Savings Account Interest | ₹8,000 |
| Total Deductions | ₹1,70,000 | ||
Step 3: Final Tax Calculation
Old Tax Regime
New Tax Regime (FY 2025-26)
💡 Verdict for Radhika:
Old Regime is Better in this case (saves ₹77,064) because:
- High deductions (₹1.7L) reduce taxable income significantly
- HRA exemption of ₹3.6L is substantial
- Old regime beneficial when deductions exceed ₹2.5L
Recommendation: Continue with old regime and maximize 80C investments.
Complete Tax Slab Rates Comparison
Understanding the difference between old and new tax regimes is crucial for optimal tax planning. The tax slab rates vary significantly, and Budget 2025 has made the new regime even more attractive with increased thresholds and additional slabs.
Current New Tax Regime – FY 2025-26 (AY 2026-27)
Budget 2025 has introduced game-changing modifications to the new tax regime. The most significant changes include increased standard deduction to ₹75,000, a new 25% slab for ₹20-24 lakh income, and the highest 30% slab now starting at ₹24 lakhs instead of ₹15 lakhs.
| Income Slab | Tax Rate | Tax on Bracket | Cumulative Tax |
|---|---|---|---|
| Up to ₹4,00,000 | 0% | ₹0 | ₹0 |
| ₹4,00,001 - ₹8,00,000 | 5% | ₹20,000 | ₹20,000 |
| ₹8,00,001 - ₹12,00,000 | 10% | ₹40,000 | ₹60,000 |
| ₹12,00,001 - ₹16,00,000 | 15% | ₹60,000 | ₹1,20,000 |
| ₹16,00,001 - ₹20,00,000 | 20% | ₹80,000 | ₹2,00,000 |
| ₹20,00,001 - ₹24,00,000 NEW | 25% | ₹1,00,000 | ₹3,00,000 |
| Above ₹24,00,000 | 30% | Variable | ₹3,00,000 + 30% above ₹24L |
📌 Key Features
- Standard Deduction: ₹75,000
- Rebate u/s 87A: ₹60,000 (if income ≤ ₹12L)
- No deductions under 80C, 80D, HRA, etc.
- Same slabs for all age groups
💰 Who Benefits Most?
- Income up to ₹12 lakhs (zero tax)
- Income ₹12L - ₹20L (lower rates)
- Minimal tax-saving investments
- No HRA claimed
Old Tax Regime – FY 2025-26 (Still Available)
The old tax regime continues to be available as an alternative option. It allows numerous deductions and exemptions but has higher tax rates. The slabs vary based on age, providing additional benefits to senior citizens.
| Income Slab | Below 60 Years | 60-80 Years (Senior) | Above 80 (Super Senior) |
|---|---|---|---|
| Up to ₹2,50,000 | NIL | NIL | NIL |
| ₹2,50,001 - ₹3,00,000 | 5% | NIL | NIL |
| ₹3,00,001 - ₹5,00,000 | 5% | 5% | NIL |
| ₹5,00,001 - ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
📌 Key Features
- Standard Deduction: ₹50,000
- Rebate u/s 87A: ₹12,500 (if income ≤ ₹7L)
- All deductions available (80C, 80D, etc.)
- HRA, LTA exemptions allowed
💰 Who Benefits Most?
- High tax-saving investments (> ₹2.5L)
- Significant HRA claims
- Home loan interest payments
- Senior citizens (higher exemption limits)
Surcharge and Cess (Both Regimes)
High-income earners face additional tax burden through surcharge on top of regular income tax. Budget 2025 has capped the maximum surcharge at 25% for the new regime (down from 37%), making it more attractive for ultra-high earners.
| Total Income Range | Surcharge (Old Regime) | Surcharge (New Regime) |
|---|---|---|
| Up to ₹50 Lakhs | Nil | Nil |
| ₹50 Lakhs - ₹1 Crore | 10% of tax | 10% of tax |
| ₹1 Crore - ₹2 Crores | 15% of tax | 15% of tax |
| ₹2 Crores - ₹5 Crores | 25% of tax | 25% of tax |
| Above ₹5 Crores | 37% of tax | 25% of tax ✓ Reduced |
Additional Cess: Health and Education Cess at 4% is applicable on total income tax (including surcharge) under both regimes. This cess amount is calculated on the final tax liability and cannot be avoided.
Important Restriction: Most popular deductions and exemptions (80C, 80D, HRA, LTA, standard deduction beyond ₹75,000) are NOT available under the new tax regime. Carefully evaluate your investment portfolio before choosing.
Historical Reference Tax Slabs FY 2024-25 (AY 2025-26)
For comparison purposes and those still filing previous year returns, here are the FY 2024-25 (Assessment Year 2025-26) tax slab rates that were applicable before Budget 2025 changes:
New Tax Regime – FY 2024-25 (Replaced by Budget 2025)
| Income Slab (FY 2024-25) | Tax Rate | Comparison with FY 2025-26 |
|---|---|---|
| Up to ₹3,00,000 | NIL | Now ₹4,00,000 (increased ₹1L) |
| ₹3,00,001 - ₹7,00,000 | 5% | Now ₹4L-₹8L (better) |
| ₹7,00,001 - ₹10,00,000 | 10% | Now ₹8L-₹12L (better) |
| ₹10,00,001 - ₹12,00,000 | 15% | Now ₹12L-₹16L (better) |
| ₹12,00,001 - ₹15,00,000 | 20% | Now ₹16L-₹20L (better) |
| Above ₹15,00,000 | 30% | Now above ₹24L (much better) |
📊 Major Improvements from FY 2024-25 to FY 2025-26:
- Standard Deduction: ₹50,000 → ₹75,000 (50% increase)
- Rebate Amount: ₹25,000 → ₹60,000 (140% increase)
- Zero Tax Limit: ₹7 lakhs → ₹12 lakhs (71% increase)
- 30% Slab Starts: ₹15 lakhs → ₹24 lakhs (60% increase)
- New 25% Bracket: Introduced for ₹20L-₹24L (previously 30%)
Budget 2025 Impact: On average, taxpayers save between ₹25,000 to ₹1,00,000 annually due to these changes. The maximum benefit goes to those earning between ₹12-24 lakhs.
Why Use DisyTax Income Tax Calculator?
Our advanced income tax calculator is specifically designed for Indian taxpayers and offers numerous advantages over manual calculations or hiring expensive consultants:
100% Accurate Calculations
Our calculator uses the exact formulas prescribed by the Income Tax Act, 1961, and is updated immediately after every budget announcement. It eliminates manual calculation errors and ensures your tax liability is computed precisely according to the latest tax laws. All slab rates, deductions, exemptions, cess, and surcharge are calculated automatically with complete accuracy.
Lightning Fast Results
Get your complete tax calculation in under 5 seconds. No more spending hours with spreadsheets or waiting days for CA responses. Enter your income details, click calculate, and instantly see your tax liability under both regimes with detailed breakup of each component including taxable income, deductions, base tax, cess, and surcharge.
Smart Regime Comparison
See side-by-side comparison of old vs new tax regimes with visual highlighting of the better option. The calculator automatically recommends which regime minimizes your tax burden based on your specific income and investment profile. It shows exact savings amount and explains why one regime is more beneficial than the other.
Extremely User-Friendly
Simple, intuitive interface designed for non-tax experts. No complex jargon or confusing fields. Each input is clearly labeled with helpful examples. The calculator guides you through the process with tooltips and explanations. Works perfectly on mobile, tablet, and desktop devices with responsive design.
Comprehensive Coverage
Handles all types of income sources - salary, house property, capital gains, business income, and other sources. Supports all major deductions (80C, 80CCD, 80D, 80E, 80G, 80TTA, 80TTB) and exemptions (HRA, LTA, standard deduction). Calculates for all age groups including special provisions for senior citizens and super senior citizens.
Better Tax Planning
Understanding your tax liability in advance is crucial for effective financial planning. Our calculator helps you plan your investments strategically by showing exactly how much tax you'll save with different investment amounts. You can experiment with various scenarios (what-if analysis) to optimize your tax savings and make informed decisions about ELSS, PPF, NPS, and other tax-saving instruments.
Completely Free Forever
No hidden charges, no subscription fees, no registration required. Use the calculator unlimited times without any cost. While professional tax consultants charge ₹500-₹2,000 per consultation, our calculator gives you the same accurate results absolutely free. Save money while getting expert-level tax calculations at your fingertips 24/7.
100% Private & Secure
Your financial data privacy is our top priority. All calculations are performed locally in your browser - your income details never leave your device or get stored on our servers. No data collection, no tracking, no sharing with third parties. Calculate your taxes with complete peace of mind knowing your sensitive financial information remains completely confidential.
Frequently Asked Questions (FAQ)
How can I calculate my income tax for FY 2025-26?
You can use our DisyTax income tax calculator to calculate your taxes online instantly. Simply enter your income details (salary, other income sources), add your tax-saving investments and deductions, and click calculate. The tool will show your exact tax liability under both old and new tax regimes with detailed breakup. For personalized tax filing assistance, you can also contact our certified CA professionals on WhatsApp.
Is it mandatory to file income tax returns for everyone?
No, if your total income is below the basic exemption limit (₹2.5 lakhs for individuals below 60 years under old regime, or ₹3 lakhs under new regime), you're not legally required to file ITR. However, you SHOULD file even if your income is below the limit in these cases: (1) You want to claim income tax refund on TDS deducted, (2) You need ITR for visa processing, loan applications, or government tenders, (3) Your total income exceeds ₹2.5 lakhs even if tax is nil, (4) You have foreign assets or income, or (5) You've made high-value transactions like property purchase above ₹30 lakhs.
Does the income tax calculator calculate TDS?
No, the income tax calculator computes your final tax liability for the assessment year but does not calculate Tax Deducted at Source (TDS). TDS is deducted by your employer or payer throughout the year based on projected annual income. Our calculator shows your actual tax payable, which you can compare with TDS already deducted to determine if you need to pay additional tax or are eligible for a refund. For TDS calculations, you can use a dedicated TDS calculator or consult our tax experts.
How does the calculator handle surcharge and rebate calculations?
Our calculator automatically applies all surcharge and rebate provisions based on your income level. The ₹60,000 rebate under Section 87A is applied if your taxable income is up to ₹12 lakhs under the new regime (or ₹12,500 rebate for up to ₹7 lakhs under old regime). Surcharge is calculated on tax amount if your income exceeds ₹50 lakhs (10%), ₹1 crore (15%), ₹2 crores (25%), or ₹5 crores (37% for old regime, 25% for new regime). The 4% health and education cess is applied on total tax including surcharge. All these calculations happen automatically - just enter your income and deduction details.
Can I calculate tax on salary arrears using this calculator?
Yes, you can include salary arrears in the "Income from Salary" field. However, note that salary arrears have special relief provisions under Section 89(1) to reduce tax burden. For accurate calculation of relief on arrears, it's recommended to consult a tax professional as the calculation involves comparing tax with and without arrears for multiple years. Our calculator will show the tax on total income including arrears, but you may be eligible for additional relief that requires separate calculation.
What is the main difference between old and new tax regimes?
The fundamental difference is: Old Regime - Higher tax rates but allows all deductions and exemptions (80C investments up to ₹1.5L, 80D health insurance, HRA exemption, home loan interest, LTA, etc.) with standard deduction of ₹50,000. Best for those with high tax-saving investments. New Regime (FY 2025-26) - Lower tax slab rates, higher standard deduction (₹75,000), ₹60,000 rebate for income up to ₹12L resulting in ZERO tax, but NO deductions under 80C, 80D, HRA, LTA, etc. Best for those with minimal investments or income below ₹12 lakhs. Our calculator compares both and recommends the better option for your specific case.
Can I use the calculator if I have income from multiple sources?
Absolutely! Our calculator is designed to handle comprehensive income scenarios. You can input: (1) Salary income (basic + HRA + allowances), (2) House property income (rental income), (3) Capital gains (from stocks, mutual funds, property sale), (4) Business or professional income, (5) Income from other sources (interest from savings/FD, dividends, etc.). The calculator will aggregate all income sources, apply relevant deductions, and compute your total tax liability accurately. For complex scenarios involving losses, set-off, and carry forward, we recommend consulting our tax professionals.
What if I'm earning up to ₹12 lakhs - do I really pay zero tax?
Yes! This is the most significant benefit of Budget 2025's new tax regime. Here's how it works: If your gross income is ₹12 lakhs, you get ₹75,000 standard deduction, making taxable income ₹11.25 lakhs. Tax on ₹11.25L = ₹48,750. But Section 87A provides rebate of ₹60,000 (higher than your tax), so final tax = ₹0! This zero-tax benefit applies even if income goes slightly above ₹12L. For example, at ₹12.75L gross income (₹12L taxable after deduction), you'd normally pay ₹60,000 tax, but with ₹60,000 rebate, final tax = ₹0. The benefit phases out gradually as income increases beyond this threshold.
Can I switch between old and new tax regimes every year?
Yes, salaried individuals and pensioners have the flexibility to switch between old and new tax regimes every financial year while filing their Income Tax Return. You can evaluate which regime is more beneficial each year and choose accordingly - there's no restriction. However, business professionals and freelancers (those with business/professional income) can opt for the new regime only ONCE. If they initially choose new regime and later want old regime, they cannot switch back. Therefore, business owners should carefully evaluate before making the initial choice. Use our calculator to determine the optimal regime for your situation before filing ITR.
What deductions and exemptions are available under the new tax regime?
The new tax regime (FY 2025-26) has very limited deductions compared to old regime. Available in New Regime: (1) Standard deduction of ₹75,000 for salaried, (2) Employer's contribution to NPS under Section 80CCD(2) - up to 10% of salary, (3) Deduction for family pension up to ₹15,000. NOT Available in New Regime: Section 80C deductions (PPF, ELSS, LIC, home loan principal, tuition fees, etc.), Section 80D (health insurance premium), HRA exemption, LTA exemption, home loan interest deduction (Section 24b), Section 80E (education loan interest), Section 80G (donations), Section 80TTA/TTB (interest income), leave encashment exemption, and most other common deductions. This trade-off of lower rates vs. no deductions is why regime selection is crucial.
How is HRA exemption calculated in old tax regime?
HRA (House Rent Allowance) exemption under old regime is calculated as the LEAST of these three: (1) Actual HRA received from employer, (2) Rent paid minus 10% of basic salary, (3) 50% of basic salary if living in metro cities (Delhi, Mumbai, Kolkata, Chennai) OR 40% if non-metro. Example: Basic salary ₹50,000/month, HRA received ₹25,000/month, rent paid ₹30,000/month in Delhi. Calculations: (1) Actual HRA = ₹25,000, (2) Rent - 10% basic = ₹30,000 - ₹5,000 = ₹25,000, (3) 50% of basic = ₹25,000. Exempt amount = Minimum (₹25,000, ₹25,000, ₹25,000) = ₹25,000 per month or ₹3,00,000 annually. Important: HRA exemption is NOT available under new tax regime.
Is this calculator applicable for NRIs (Non-Resident Indians)?
Our calculator is primarily designed for Resident Indians as per Income Tax Act. NRIs have different tax rules: (1) They're taxed only on India-sourced income, not global income, (2) Different TDS rates apply, (3) DTAA (Double Taxation Avoidance Agreement) benefits may apply, (4) Some exemptions differ. While you can use our calculator for basic estimation of India-sourced income tax, we recommend NRIs consult a tax professional for accurate calculation considering DTAA provisions, Form 15CA/15CB requirements, and specific NRI taxation rules. Our tax experts can assist with NRI-specific tax filing.
Need Expert Help with Tax Filing?
While our calculator gives you accurate tax estimates, complex tax scenarios require professional guidance. Our certified CA professionals provide end-to-end tax filing services with guaranteed accuracy, maximum refunds, and complete compliance.
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