ApnaSalary

Income tax calculator — FY 2025-26

Compare the new and old tax regimes side by side with a full slab-wise breakdown, Section 87A rebate, surcharge and cess. Updated for FY 2025-26 (AY 2026-27).

New regime

Saves ₹1,17,000
Gross income₹12,00,000
Standard deduction− ₹75,000
Taxable income₹11,25,000
Tax as per slabs₹52,500
Rebate u/s 87A− ₹52,500
Health & education cess (4%)₹0
Total tax₹0

Effective rate: 0.0% · Monthly TDS ≈ ₹0

Old regime

Gross income₹12,00,000
Standard deduction− ₹50,000
Other deductions− ₹1,50,000
Taxable income₹10,00,000
Tax as per slabs₹1,12,500
Health & education cess (4%)₹4,500
Total tax₹1,17,000

Effective rate: 9.8% · Monthly TDS ≈ ₹9,750

Slab-wise breakdown — new regime (FY 2025-26)

₹0 – ₹4,00,000 @ 0%₹0
₹4,00,000 – ₹8,00,000 @ 5%₹20,000
₹8,00,000 – ₹12,00,000 @ 10%₹32,500

Frequently asked questions

What are the income tax slabs for FY 2025-26 under the new regime?

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%. A standard deduction of ₹75,000 applies for salaried taxpayers, and the Section 87A rebate makes income up to ₹12 lakh effectively tax-free.

Is income up to ₹12 lakh really tax-free in the new regime?

For salaried taxpayers, yes — taxable income up to ₹12 lakh gets a rebate under Section 87A (up to ₹60,000), bringing tax to zero. With the ₹75,000 standard deduction, salary up to ₹12.75 lakh can be effectively tax-free. Income above the threshold is taxed normally per slabs, with marginal relief near the limit.

Which is better — new regime or old regime?

The new regime is better for most salaried people unless you have large deductions. Rough rule: if your combined deductions (80C, 80D, HRA exemption, home loan interest) exceed roughly ₹4–4.5 lakh on higher incomes, the old regime can win. This calculator shows both side by side, so check your own numbers.

What deductions are allowed in the new regime?

Very few: the ₹75,000 standard deduction, employer NPS contribution under 80CCD(2), and a handful of others. 80C investments, 80D health insurance, HRA and LTA exemptions are not available in the new regime.

What is the ITR filing deadline for FY 2025-26?

For most salaried taxpayers (no audit), the due date for filing the return for FY 2025-26 (AY 2026-27) falls in the July–September 2026 window as notified by the CBDT. File early — refunds process faster and you avoid last-minute portal load.

Does this calculator store my salary details?

No. It runs entirely in your browser. Nothing you type is uploaded, stored or shared.

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