Income Tax Calculator
FY 2025-26 new-regime tax on your income.
Total tax payable
₹97,500
New tax regime, FY 2025-26 (AY 2026-27): ₹75,000 standard deduction for salaried and §87A rebate making income up to ₹12L effectively tax-free. Marginal relief near ₹12L and old-regime deductions are not modelled.
FY 2025-26 new regime slabs
Income up to ₹4L: nil · ₹4–8L: 5% · ₹8–12L: 10% · ₹12–16L: 15% · ₹16–20L: 20% · ₹20–24L: 25% · above ₹24L: 30%, plus 4% cess. With the ₹75,000 standard deduction and the §87A rebate, salaried income up to ₹12.75 lakh pays zero tax.
New regime vs old regime
The old regime survives only for taxpayers with heavy deductions — large home-loan interest, HRA and 80C combined typically need to exceed ₹4–5L before it wins. For most salaried filers the new regime now nets more in hand.
Frequently asked questions
Is income up to ₹12 lakh really tax-free?
For taxable income up to ₹12L, the §87A rebate cancels the computed tax — so yes, effectively zero. Add the ₹75k standard deduction and a salaried person grossing ₹12.75L pays nothing. Above that, normal slab tax applies with marginal relief just past the threshold.
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