Calculate Indian income tax for FY 2025-26 (AY 2026-27) under old or new regime with updated Budget 2025 slabs, rebate u/s 87A, surcharge, and 4% cess.
Calculate Indian income tax for FY 2025-26 (AY 2026-27) under old or new regime with updated Budget 2025 slabs, rebate u/s 87A, surcharge, and 4% cess.
FY 2025-26 new regime (Budget 2025). Rebate u/s 87A gives zero tax up to ₹12L taxable income. Standard deduction of ₹75,000 is available.
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Budget 2025 slabs: ₹0–4L = Nil, ₹4–8L = 5%, ₹8–12L = 10%, ₹12–16L = 15%, ₹16–20L = 20%, ₹20–24L = 25%, above ₹24L = 30%.
New regime: full tax rebate for taxable income up to ₹12,00,000. Old regime: up to ₹12,500 rebate for income up to ₹5,00,000.
New regime allows ₹75,000 standard deduction. Old regime allows ₹50,000. Enter your net taxable income after standard deduction in the deductions field.
Yes. Surcharge is applied: 10% (₹50L–1Cr), 15% (₹1–2Cr), 25% (above ₹2Cr) for new regime. Old regime has an additional 37% slab above ₹5Cr.
This is for planning and estimation. Verify with your CA or the Income Tax Department portal before filing.
This calculator reflects the tax rates and statutory slabs announced in the Union Budget 2025 for Financial Year 2025-26 (Assessment Year 2026-27), comparing the New Tax Regime (default) against the Old Tax Regime.
New Tax Regime (Default): Features restructured slabs: Income up to ₹4,00,000 is tax-free (Nil); ₹4L–₹8L is taxed at 5%; ₹8L–₹12L at 10%; ₹12L–₹16L at 15%; ₹16L–₹20L at 20%; ₹20L–₹24L at 25%; and income exceeding ₹24,00,000 at 30%. Individuals with taxable income up to ₹12,00,000 receive a full tax rebate under Section 87A, resulting in zero net tax payable.
Old Tax Regime (Optional): Preserves conventional slabs: Up to ₹2,50,000 (Nil); ₹2.5L–₹5L (5%); ₹5L–₹10L (20%); and above ₹10,00,000 (30%). Section 87A rebate of up to ₹12,500 applies for taxable income up to ₹5,00,000.
Health & Education Cess: A statutory 4% cess is levied across both regimes on cumulative base tax plus applicable surcharge.
Surcharge Rates: High-net-worth individuals are subject to graduated surcharge tiers starting at 10% for income above ₹50 lakh, 15% above ₹1 crore, and 25% above ₹2 crore (with a 37% tier retained under the old regime above ₹5 crore).
Planning Assumptions: The calculator models tax liability based on the net income and deduction figures entered. It serves as an informative estimation tool for comparing regimes and should be cross-checked against official CBDT e-filing utilities prior to statutory tax returns.