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Income Tax Calculator

FY 2025-26 (AY 2026-27)

Enter your salary and deductions — see your tax under both the new and old regime, side by side. Includes the new ₹12L rebate, marginal relief, surcharge slabs and the 4% health & education cess. Most online calculators get the marginal-relief step wrong; this one doesn't.

₹15,00,000
Old-regime deductions (used only for the old-regime column)
capped 150000
capped 25000
capped 0
capped 0
capped 0
capped 0

Old regime

Standard deduction₹50,000
Total deductions₹2,25,000
Taxable income₹12,75,000

Tax on slabs₹1,95,000
Add: cess (4%)₹7,800

Total tax payable₹2,02,800
Take-home₹12,97,200
Effective rate: 13.52%
Slab-wise breakdown
SlabRateTax
₹0₹2,50,0000%₹0
₹2,50,000₹5,00,0005%₹12,500
₹5,00,000₹10,00,00020%₹1,00,000
₹10,00,00030%₹82,500

New regime

Recommended
Standard deduction₹75,000
Total deductions₹75,000
Taxable income₹14,25,000

Tax on slabs₹93,750
Add: cess (4%)₹3,750

Total tax payable₹97,500
Take-home₹14,02,500
Effective rate: 6.50%
Slab-wise breakdown
SlabRateTax
₹0₹4,00,0000%₹0
₹4,00,000₹8,00,0005%₹20,000
₹8,00,000₹12,00,00010%₹40,000
₹12,00,000₹16,00,00015%₹33,750
Recommendation
New regime saves you ₹1,05,300/yr

You don’t have enough deductions to make the old regime worth it. Choose new at the start of the FY.

FY 2025-26 changes you need to know

  • Basic exemption raised to ₹4L in the new regime (was ₹3L).
  • Section 87A rebate now covers up to ₹12L of taxable income in the new regime — that means zero tax for most salaried earners up to a gross of ₹12.75L (after the ₹75,000 standard deduction).
  • Marginal relief applies between ₹12L and roughly ₹12.7L, so a ₹1 jump above ₹12L doesn't suddenly cost you ₹60,000.
  • Standard deduction is ₹75,000 (new regime) and ₹50,000 (old regime), available only to salaried individuals and pensioners.
  • The old regime survives — useful only if you have ₹3L+ of legitimate deductions (80C + 24b interest + HRA).

New regime slabs

Income (₹)Rate
0 – 4,00,0000%
4,00,001 – 8,00,0005%
8,00,001 – 12,00,00010%
12,00,001 – 16,00,00015%
16,00,001 – 20,00,00020%
20,00,001 – 24,00,00025%
Above 24,00,00030%

Old regime slabs

0% up to ₹2.5L (₹3L for ages 60–80, ₹5L for 80+), then 5% up to ₹5L, 20% up to ₹10L, 30% above. Rebate up to ₹12,500 if taxable income ≤ ₹5L.

Surcharge & cess

Surcharge kicks in above ₹50L of taxable income: 10% (50L–1Cr), 15% (1–2Cr), 25% (2–5Cr). The new regime caps surcharge at 25% even above ₹5Cr — the old regime keeps the 37% band there. Health & education cess of 4% is added on top.