Tax Calculator
Income Tax Calculator
Estimate your income tax liability under the old and new tax regimes for FY 2025-26.
Formula
Tax = Slab-based (New Regime FY 2025-26)
Annual Income (New Regime)
Results
Enter values above to see results
Tax = Slab-based (New Regime FY 2025-26)
Under the New Tax Regime FY 2025-26, income tax is calculated using revised slab rates without exemptions. For income up to ₹4 lakh: nil, ₹4-8 lakh: 5%, ₹8-12 lakh: 10%, ₹12-16 lakh: 15%, ₹16-20 lakh: 20%, ₹20-24 lakh: 25%, above ₹24 lakh: 30%. Rebate 87A applies for taxable income up to ₹5 lakh.
Taxable income of ₹12,00,000 under New Tax Regime FY 2025-26
Input Values
Calculation
Applying the formula with the input values above:
Results
Tax Payable
₹55,000.00
Effective Tax Rate (%)
4.58%
Rebate 87A Eligible
0 (Not Eligible)
- 1Enter your gross total income from all sources (salary, business, house property, capital gains).
- 2Subtract all eligible deductions under Old Regime (80C, 80D, 80CCD, HRA, etc.).
- 3Or select the New Tax Regime and claim only standard deduction of ₹75,000.
- 4The calculator will compute tax based on the applicable slab rates.
- 5Use tax-saving investments strategically; New Regime may not need investments.
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