India Income Tax Calculator
FY 2025-26
New regime vs old regime comparison, slab-wise breakdown, effective tax rate, and in-hand salary — updated for Budget 2025.
Income Details
New Regime — Deductions
| Income Slab | Rate | Taxable in Slab | Tax |
|---|
| Component | New Regime | Old Regime |
|---|
Key Info — FY 2025-26
₹8–12L: 10% | ₹12–16L: 15%
₹16–20L: 20% | ₹20–24L: 25%
Above ₹24L: 30%
Rebate 87A: Full rebate ≤ ₹12L
New Regime vs Old Regime — Which is Better?
The Indian government offers two tax regimes: the New Tax Regime (introduced in FY 2020-21 and made the default from FY 2023-24) and the Old Tax Regime. The new regime offers lower slab rates but removes most deductions. The old regime has higher rates but lets you reduce taxable income via 80C, HRA, home loan interest, and other deductions.
As a general thumb rule: if your total deductions exceed ₹3.75 lakh (for those in the ₹15L+ bracket), the old regime may save more tax. For most salaried employees with only standard deduction and basic 80C investments, the new regime is typically better for incomes up to ₹12 lakh (which gets full rebate under 87A).
New Regime Pros
Lower tax rates, simpler filing, no need to track investments, standard deduction of ₹75,000 for salaried, full rebate up to ₹12L income.
Old Regime Pros
Incentivises savings via 80C (₹1.5L), health insurance 80D, HRA exemption, home loan interest 24(b) — can significantly reduce tax for high deduction claimers.
Break-even Point
Old regime wins when total deductions (excluding standard deduction) exceed roughly ₹1.5–3.75 lakh depending on your income bracket. Use this calculator to compare.
Standard Deduction — What is it?
The standard deduction is a flat deduction from gross salary income — no bills or receipts required. In FY 2025-26 under the new regime, the standard deduction is ₹75,000 (increased from ₹50,000 in Budget 2024). Under the old regime, it remains ₹50,000. It is automatically available to salaried employees and pensioners.
Section 80C — Full List of Investments
Under the old regime, you can claim up to ₹1,50,000 under Section 80C. This covers a wide variety of tax-saving instruments:
New Regime Tax Slabs — FY 2025-26 (Budget 2025)
| Income Range | Tax Rate | Rebate / Note |
|---|---|---|
| ₹0 – ₹4,00,000 | 0% | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% | — |
| ₹8,00,001 – ₹12,00,000 | 10% | Full rebate 87A if taxable income ≤ ₹12L |
| ₹12,00,001 – ₹16,00,000 | 15% | — |
| ₹16,00,001 – ₹20,00,000 | 20% | — |
| ₹20,00,001 – ₹24,00,000 | 25% | — |
| Above ₹24,00,000 | 30% | Surcharge applies above ₹50L |
Surcharge & Health and Education Cess
A surcharge is levied on the tax amount (not income) when income exceeds ₹50 lakh. The Health and Education Cess of 4% is levied on (tax + surcharge) for everyone — there is no minimum income exemption from cess.
| Gross Income | Surcharge Rate | Note |
|---|---|---|
| Up to ₹50 lakh | Nil | — |
| ₹50L – ₹1 Crore | 10% | Both regimes |
| ₹1Cr – ₹2 Crore | 15% | Both regimes |
| ₹2Cr – ₹5 Crore | 25% | Both regimes |
| Above ₹5 Crore | 37% (old) / 25% (new) | New regime caps at 25% |
Important Tax Deadlines FY 2025-26
- Jul 31, 2026 ITR filing deadline for individuals (non-audit cases)
- Oct 31, 2026 ITR filing for audit cases
- Mar 15, 2026 Last advance tax instalment (100% of tax liability)
- Dec 15, 2025 3rd advance tax instalment (75% cumulative)
- Sep 15, 2025 2nd advance tax instalment (45% cumulative)
- Jun 15, 2025 1st advance tax instalment (15% of estimated tax)