Income Tax Calculator India 2025-2026
Calculate your income tax liability for FY 2025-2026 using our free online income tax calculator. Compare old vs new tax regime and optimize your tax savings with the latest Budget 2025 updates.
What is Income Tax Calculator?
An Income Tax Calculator is a user-friendly online tool that helps you calculate your income tax liability based on your income, deductions, and applicable tax slabs. Our calculator is updated with the latest Budget 2025 tax rates and helps you compare between old and new tax regimes.
Latest Tax Updates from Budget 2025
Key Changes
- • Zero tax up to ₹12 lakh income under new tax regime
- • Standard deduction of ₹75,000 for salaried individuals
- • New 25% tax slab for income between ₹20-24 lakh
- • 30% tax rate now applies only above ₹24 lakh
- • Employer's NPS contribution (up to 14% of basic) allowed as deduction
New Tax Regime Slabs (2025-26)
| Income Slab | Tax Rate |
|---|---|
| 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% |
Frequently Asked Questions
How can I calculate my income tax?
- Enter your total annual income (salary, investments, etc.)
- Select your applicable tax regime (old or new)
- Choose your age category
- Add eligible deductions (for old regime)
- View your calculated tax liability
How is income up to ₹12 lakh tax-free?
Under the new tax regime announced in Budget 2025:
- Basic exemption up to ₹4 lakh
- Concessional rates up to ₹12 lakh
- Standard deduction of ₹75,000 for salaried individuals
- Tax rebate under Section 87A
What are the major changes in Budget 2025?
- Enhanced basic exemption limit
- Introduction of new 25% tax slab
- Revised 30% tax threshold
- Standard deduction benefits
- NPS contribution benefits
Income Tax Calculator: Old vs New Regime
Compare both tax regimes to make an informed decision. The new regime offers lower tax rates but without most deductions, while the old regime allows various deductions and exemptions. Use our calculator to determine which regime is more beneficial for you based on the latest Budget 2025 changes.