Income Tax Calculator

Calculate your income tax for FY 2025-26 and compare the new and old regimes side by side. See the slab tax, Section 87A rebate, cess and which regime saves you more.

โ‚น
โ‚น1,00,000โ‚น5,00,00,000
Fifteen Lakh Rupees

Income Type

Salaried taxpayers get a standard deduction of Rs 75,000 (new regime) or Rs 50,000 (old regime).

โ‚น
โ‚น0โ‚น5,00,000
Two Lakh Rupees

Total exemptions and deductions you can claim under the old regime. The new regime does not allow most of these.

New Tax Regime

Lower Tax

โ‚น97,500

Total tax payable

Taxable incomeโ‚น14,25,000
Tax before rebateโ‚น93,750
Health and education cessโ‚น3,750
Effective tax rate6.50%

Old Tax Regime

โ‚น1.95 L

Total tax payable

Taxable incomeโ‚น12,50,000
Tax before rebateโ‚น1,87,500
Health and education cessโ‚น7,500
Effective tax rate13.00%

The New Tax Regime is better for you, saving โ‚น97,500 in tax. The new regime is the default; you can opt for the old regime if it works out cheaper.

Annual Take-Home (after tax)

โ‚น14.03 L

Gross income minus the lower tax

Calculated for FY 2025-26 (AY 2026-27) using current slab rates, the Section 87A rebate, surcharge and 4% health and education cess. This is an estimate; consult a tax adviser for filing. Surcharge and marginal relief apply only at higher incomes.

Frequently Asked Questions

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