Calculate your tax liability under the Old and New tax slabs for FY 2025-26 (AY 2026-27). Plan your deductions, check Section 87A rebates, HRA exemptions, and marginal relief.
| Tax Slab | Rate | Taxable Income | Tax Amount |
|---|
| Tax Slab | Rate | Taxable Income | Tax Amount |
|---|
An Income Tax Calculator is a premium interactive online tool designed to estimate your tax liability based on the latest rules, rates, and exemptions introduced by the Ministry of Finance for the Financial Year 2025-26 (Assessment Year 2026-27). This utility calculates the taxable portion of your salary, capital gains, rental income, or interest, and details how much tax is payable under both the Old Tax Regime and the New Tax Regime.
The calculator uses dynamic formulas to evaluate your tax liabilities automatically as you enter your details:
For FY 2025-26, the tax brackets differ significantly. The New Tax Regime remains the default choice and offers lower tax slabs:
| Net Income Bracket | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Net Income Bracket | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Suppose you earn a gross salary of ₹12,50,000, have ₹1,50,000 in Section 80C investments, and ₹25,000 in Section 80D Health Insurance:
Suppose you earn ₹16,00,000, pay rent (HRA exemption ₹2,00,000), declare ₹1,50,000 (80C), ₹50,000 (80D), and ₹2,00,000 Home Loan Interest:
| Feature | Old Tax Regime | New Tax Regime (Default) |
|---|---|---|
| Standard Deduction | ₹50,000 | ₹75,000 |
| 87A Rebate Threshold | ₹5,00,000 (Net Income) | ₹12,00,000 (Net Income) |
| 87A Marginal Relief | No | Yes |
| HRA & 80C/80D Exemptions | Allowed | Not Allowed |
| Max Surcharge Rate | 37% (Over ₹5 Crore) | 25% (Over ₹2 Crore) |
Get personalized advice on how to structure your salary, maximize HRA, choose between regimes, or apply 80C/80D.
Topics this feature will cover:
Be first to access it when it launches.
We'll notify you the moment AI Advisor goes live. One email, no spam.
You're on the list!
For the Financial Year 2025-26, the standard deduction for salaried individuals and pensioners has been increased to ₹75,000 under the New Tax Regime. Under the Old Tax Regime, the standard deduction remains at ₹50,000.
The New Tax Regime is the default tax regime in India for FY 2025-26. If you wish to file your taxes under the Old Tax Regime, you must actively opt out of the New Regime when filing your income tax return.
Under the New Tax Regime for FY 2025-26, a tax rebate under Section 87A is available for resident individuals whose net taxable income does not exceed ₹12,000,000. This rebate is up to ₹60,000, making taxable income up to ₹12 lakh completely tax-free.
Marginal relief prevents a sudden increase in tax when taxable income marginally exceeds ₹12 Lakh. If your income is slightly above ₹12 Lakh, your tax is capped at the amount exceeding ₹12 Lakh. For example, if taxable income is ₹12,05,000, the tax is capped at ₹5,000 instead of the standard slab tax of ₹60,750.
Slabs under the New Tax Regime are: Up to ₹4 Lakh: Nil; ₹4 Lakh to ₹8 Lakh: 5%; ₹8 Lakh to ₹12 Lakh: 10%; ₹12 Lakh to ₹16 Lakh: 15%; ₹16 Lakh to ₹20 Lakh: 20%; ₹20 Lakh to ₹24 Lakh: 25%; Above ₹24 Lakh: 30%.
For individuals under 60 years under the Old Regime: Up to ₹2.5 Lakh: Nil; ₹2.5 Lakh to ₹5 Lakh: 5%; ₹5 Lakh to ₹10 Lakh: 20%; Above ₹10 Lakh: 30%. For Senior Citizens (60-80), exemption is up to ₹3 Lakh, and for Super Senior Citizens (80+), it is up to ₹5 Lakh.
The New Tax Regime allows very few deductions. Key eligible deductions include the Standard Deduction of ₹75,000 (for salaried/pensioners), employer contribution to NPS under Section 80CCD(2), and deduction for Agniveer Corpus Fund under Section 80CCH.
Under the Old Tax Regime, you can claim Section 80C (up to ₹1.5 Lakh for PPF, EPF, ELSS, LIC, Home Loan Principal), Section 80D (Health Insurance up to ₹1 Lakh depending on age), HRA exemption, LTA exemption, and Section 24b (Home Loan Interest up to ₹2 Lakh).
HRA tax exemption is the minimum of three values: (1) Actual HRA received, (2) Rent paid minus 10% of basic salary + DA, or (3) 50% of basic salary for metro cities (40% for non-metro cities). HRA exemption is only available under the Old Tax Regime.
Yes, under the New Tax Regime, the maximum surcharge rate is capped at 25% for taxable incomes exceeding ₹2 Crore (including above ₹5 Crore). In the Old Tax Regime, the surcharge is up to 37% for incomes exceeding ₹5 Crore.
A Health and Education Cess of 4% is applied to the sum of your income tax liability and any applicable surcharge. This cess is collected to fund national health and education programs and applies under both regimes.
It depends on your deductions. If you have significant investments under Section 80C, high rent (HRA), health insurance, and home loan interest, the Old Tax Regime may yield lower tax. If you have few or no investments, the New Tax Regime, with its lower tax slabs and higher ₹12 Lakh rebate threshold, is usually better.
Read our in-depth articles and guides related to this tool to help you make smarter decisions.
Most Indians accept an EMI figure from their bank without questioning it. This guide explains exactly how Indian banks calculate EMI — the reducing balance method, how RBI repo rate changes flow through to your loan, and what you can do to pay off your home loan years early.
Finance
Understand the math behind monthly mortgage payments. Learn how to calculate Principal and Interest (P&I) manually, evaluate the costs of PMI, estimate escrow expenses, and discover strategies to save over $200,000 in lifetime interest.
Compound interest is the single most powerful force in personal finance. Understand the formula, see how small differences in rate and time create massive differences in outcome, and learn how to use it to your advantage.
Estimate compounding interest rates, model returns by interval, calculate future maturity dates, and receive AI-powered wealth tips instantly.
Convert any baseline salary metric instantly across multiple frequencies. Factor in working times, holidays, and unpaid vacations to reveal your effective time value with intelligent AI diagnostics.
Easily add or subtract GST taxes with customizable percentages. Designed with large touch interfaces optimized specifically for mobile-first tax management.
See how systematic small savings grow into monumental long-term fortunes. Compute compound schedules instantly with zero registration required.
Calculate your House Rent Allowance (HRA) tax exemption and taxable HRA for FY 2025-26 (AY 2026-27) under Section 10(13A).
Estimate mortgages, personal credit, or car finance costs. Sync simple numeric sliders with your screen, designed with large mobile thumb friendly mechanics.
Settle your loan targets transparently. Map Home, Car, or Personal Loan schedules. Switch timelines between Years & Months, and build optimized payoff pipelines with smart AI insights.
See how systematic small savings grow into monumental long-term fortunes. Compute compound schedules instantly with zero registration required.
Convert any baseline salary metric instantly across multiple frequencies. Factor in working times, holidays, and unpaid vacations to reveal your effective time value with intelligent AI diagnostics.
Unleash the mathematical force of compounding. Model initial capital, recurring contributions, variable compound intervals, and analyze exponential progress instantly.
Easily add or subtract GST taxes with customizable percentages. Designed with large touch interfaces optimized specifically for mobile-first tax management.
Add the Income Tax Calculator to blogs, websites, documentation, tutorials, and online resources using a simple responsive iframe. The embed is free, mobile-friendly, and links back to the full EasyToolio tool page for users who want the complete experience.
Yes, this tool can be embedded using our free iframe embed code. Copy the code below and paste it into your HTML, CMS block, article, documentation page, or tutorial.
Check out our other financial tools to plan your taxes, calculate interest returns, or track billing amounts.
