Income tax calculator
Enter your income heads and deductions. The calculator works out tax under both regimes side by side, including the section 87A rebate, surcharge and 4% cess, and tells you which one is cheaper.
Deductions — these only reduce tax in the old regime
New regime
₹0
total tax on ₹11,25,000 taxable income · effective 0.00%
Cheaper for you
- Deductions allowed
- ₹75,000
- Slab tax
- ₹52,500
- Surcharge + cess
- ₹0
- Rebate 87A
- ₹52,500
- Take-home
- ₹12,00,000
Old regime
₹1,01,400
total tax on ₹9,25,000 taxable income · effective 8.45%
- Deductions allowed
- ₹2,75,000
- Slab tax
- ₹97,500
- Surcharge + cess
- ₹3,900
- Rebate 87A
- Nil
- Take-home
- ₹10,98,600
The new regime works out cheaper for you — a saving of ₹1,01,400. Slabs in use: FY 2025-26.
New regime — full computation
| Step | Amount |
|---|---|
| Gross total income | ₹12,00,000 |
| − Standard deduction | ₹75,000 |
| Taxable income | ₹11,25,000 |
| Slab · ₹0 – ₹4,00,000 @ 0% | ₹0 |
| Slab · ₹4,00,000 – ₹8,00,000 @ 5% | ₹20,000 |
| Slab · ₹8,00,000 – ₹12,00,000 @ 10% | ₹32,500 |
| Tax before surcharge | ₹52,500 |
| Surcharge | ₹0 |
| Rebate under section 87A | - ₹52,500 |
| Health & education cess @ 4% | ₹0 |
| Total tax payable | ₹0 |
| Effective tax rate | 0.00% |
| Take-home income | ₹12,00,000 |
This is an estimate for the financial year shown above. It ignores marginal relief, TDS already deducted and advance-tax interest — confirm the final figure from your Form 16 or with a tax adviser.
How to use this calculator
Enter your income heads and deductions. The calculator works out tax under both regimes side by side, including the section 87A rebate, surcharge and 4% cess, and tells you which one is cheaper.
Free income tax calculator for FY 2025-26 in India. Compare the new and old regimes with salary, business and other income, section 80C/80D deductions, rebate, surcharge and cess.
Frequently asked questions
Which tax regime should I choose?+
The new regime is usually cheaper up to about ₹17-20 lakh of income unless you use the full ₹1.5 lakh 80C, NPS, health insurance and HRA exemptions. Fill both columns here and compare the final number.
What is the section 87A rebate?+
Under the new regime, taxable income up to ₹12 lakh attracts a rebate of up to ₹60,000, which can make the tax nil. The old regime gives a rebate of up to ₹12,500 on income up to ₹5 lakh.
Does this calculator include TDS?+
No. It computes the tax liability for the year. Subtract the TDS already deducted in your Form 26AS to see the refund due or the balance payable.