Income Tax Calculator FY 2025-26
Calculate your income tax under old and new regime. See slab-wise breakdown, cess, and effective tax rate.
Taxable Income
₹11,25,000
Total Tax
₹0
Effective Rate
0%
Tax Slab Breakdown (New Regime FY 2025-26)
| Slab | Rate | Taxable | Tax |
|---|---|---|---|
| ₹0.0L - ₹4.0L | 0% | ₹4,00,000 | ₹0 |
| ₹4.0L - ₹8.0L | 5% | ₹4,00,000 | ₹20,000 |
| ₹8.0L - ₹12.0L | 10% | ₹3,25,000 | ₹32,500 |
| Tax Before Cess | ₹0 | ||
| Cess (4%) | ₹0 | ||
| Total Tax | ₹0 | ||
Income Tax Slabs FY 2025-26 (New Regime)
| Income Slab | 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% |
Plus 4% Health & Education Cess on total tax. Standard deduction of ₹75,000 available under new regime.
New Regime Changes (Budget 2025)
The new tax regime is now the default regime. Key changes for FY 2025-26 include revised tax slabs with a higher basic exemption limit of ₹4 lakh, standard deduction of ₹75,000 for salaried individuals, and enhanced rebate under Section 87A making income up to ₹12 lakh effectively tax-free (₹12.75 lakh for salaried individuals after standard deduction).
How to Choose Between Old and New Regime
The new regime is better if you have fewer deductions and exemptions. The old regime may be better if you have significant deductions under 80C (₹1.5 lakh), 80D (health insurance), HRA exemption, home loan interest (Section 24), and NPS (80CCD). As a general rule:
- If total deductions exceed ₹3.75 lakh — old regime may save more tax
- If total deductions are below ₹3.75 lakh — new regime is usually better
- Use this calculator to compare both side-by-side for your exact numbers
FAQ: What is the Section 87A rebate?
Under the new regime for FY 2025-26, if your total taxable income does not exceed ₹12 lakh, you get a rebate under Section 87A that makes your entire tax liability nil. For salaried individuals, this effectively means income up to ₹12.75 lakh (₹12 lakh + ₹75,000 standard deduction) is tax-free under the new regime. Under the old regime, the 87A rebate applies for taxable income up to ₹5 lakh.
FAQ: Can I switch between old and new regime every year?
Salaried individuals (without business income) can switch between old and new regime every financial year while filing their return. Those with business income can switch only once — if they opt out of the new regime and choose old, they can switch back to new regime only once in their lifetime. The new regime is the default; you need to specifically opt for the old regime.
FAQ: What is the 4% Health and Education Cess?
A 4% cess is levied on the total income tax amount (including surcharge, if applicable). For example, if your tax is ₹1,00,000, the cess adds ₹4,000, making total tax ₹1,04,000. This cess is applicable under both old and new regimes and funds health and education initiatives.