Income Tax Calculator
Calculate tax for FY 2025-26 • Zero tax up to ₹12L (New Regime)
Income Details
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Tax Calculation
📊 Tax Breakdown
💡 Tax Tip
For income up to ₹7L in new regime, you get full rebate (zero tax) under section 87A!
❓ FAQs
Tax related questions FY 2025-26
New Regime FY 2025-26:
₹0 - ₹4L: 0%
₹4L - ₹8L: 5%
₹8L - ₹12L: 10%
₹12L - ₹16L: 15%
₹16L - ₹20L: 20%
₹20L - ₹24L: 25%
Above ₹24L: 30%
Yes! Under new tax regime FY 2025-26, income up to ₹12 Lakh is completely tax-free thanks to enhanced Section 87A rebate of ₹60,000.
For salaried individuals, this effective limit becomes ₹12.75 Lakh after standard deduction of ₹75,000.
Old Regime (Tax-free up to ₹7L with deductions):
• Higher rates but deductions allowed
• 80C (₹1.5L), 80D (Health Ins.), HRA, LTA, etc.
• Standard deduction ₹50,000
New Regime (Tax-free up to ₹12L):
• Lower rates, simpler structure
• Only standard deduction (₹75,000)
• Default option from FY 2023-24
New Regime: Rebate up to ₹60,000 for income up to ₹12L. Makes tax = ₹0
Old Regime: Rebate up to ₹12,500 for income up to ₹5L. Makes tax = ₹0
This means if your income is within these limits, you pay ZERO tax!
4% Cess is applied on the income tax amount. It funds health and education initiatives across India. Applicable in both old and new regimes.
Common deductions in Old Regime:
• 80C: Up to ₹1.5L (PPF, ELSS, LIC, Home loan principal)
• 80D: Health insurance (₹25K-₹1L)
• 80E: Education loan interest
• 80G: Donations
• HRA: House Rent Allowance
• LTA: Leave Travel Allowance
• Home loan interest up to ₹2L
Choose New Regime if:
• Income up to ₹12L (zero tax!)
• Few or no deductions to claim
• Want simple tax calculation
Choose Old Regime if:
• Have major deductions (₹2L+)
• Home loan, HRA, 80C investments
• Higher income with deductions