Income Tax Calculator
Compute tax under New and Old regime — FY 2025-26 (AY 2026-27).
Compute income-tax liability for FY 2025-26 (AY 2026-27). The tool supports both the New Regime (default) and Old Regime, including standard deduction of ₹75,000, Section 87A rebate of up to ₹60,000, surcharge and 4% cess.
Deductions (Old Regime only)
These reduce taxable income under the Old Regime; ignored under New Regime.
New Regime (Default)
Taxable Income₹ 0
Tax on slabs₹ 0
Less: 87A Rebate₹ 0
Surcharge₹ 0
Health & Edu Cess (4%)₹ 0
Total Tax (New)₹ 0
Old Regime
Taxable Income₹ 0
Tax on slabs₹ 0
Less: 87A Rebate₹ 0
Surcharge₹ 0
Health & Edu Cess (4%)₹ 0
Total Tax (Old)₹ 0
Enter your income to see comparison.
FY 2025-26 rates. Excludes special income (capital gains, lottery), capital gains tax rates, and foreign income provisions.
Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.
Frequently Asked Questions
Which income tax law applies for the return being filed in 2026?
Returns filed during 2026 for AY 2026-27 relate to income of FY 2025-26 and are governed by the Income-tax Act 1961. The new Income-tax Act 2025 came into force on 1 April 2026 and applies from Tax Year 2026-27 onwards — that is, to income earned from 1 April 2026, for which returns will be filed in 2027.
What are the new regime slab rates for FY 2025-26 (AY 2026-27)?
Under the new regime for FY 2025-26, income up to ₹4 lakh is nil, then 5% up to ₹8 lakh, 10% up to ₹12 lakh, 15% up to ₹16 lakh, 20% up to ₹20 lakh, 25% up to ₹24 lakh, and 30% above ₹24 lakh. Health and education cess of 4% applies on the tax, and surcharge applies at higher income levels.
Up to what income is tax zero under the new regime?
For FY 2025-26, the Section 87A rebate makes tax nil for resident individuals with total income up to ₹12 lakh under the new regime — effectively ₹12.75 lakh for salaried taxpayers after the ₹75,000 standard deduction. Income taxed at special rates, such as certain capital gains, is generally not covered by the rebate.
What is the standard deduction on salary?
Salaried individuals and pensioners get a standard deduction of ₹75,000 under the new tax regime and ₹50,000 under the old regime for FY 2025-26. It is allowed automatically against salary or pension income without any proof of expenditure. Family pension attracts a separate, smaller deduction under its own provision.