Income Tax Calculator – FY 2025-2026
Income Tax Calculator
FY 2025-2026 (AY 2026-2027)
Budget 2025 Updates Applied
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Basic Information
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Income Details
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Deductions & Exemptions
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Tax Calculation Summary
New Tax Regime
Recommended
Gross Income
₹12,75,000
Standard Deduction
– ₹75,000
Taxable Income
₹12,00,000
Up to ₹4,00,000
0%
₹0
₹4,00,001 – ₹8,00,000
5%
₹20,000
₹8,00,001 – ₹12,00,000
10%
₹40,000
Subtotal
₹60,000
Rebate u/s 87A
– ₹60,000
Health & Education Cess (4%)
₹0
Total Tax Payable
₹0
Old Tax Regime
Gross Income
₹12,75,000
Total Deductions
– ₹3,25,000
Taxable Income
₹9,50,000
Up to ₹2,50,000
0%
₹0
₹2,50,001 – ₹5,00,000
5%
₹12,500
₹5,00,001 – ₹10,00,000
20%
₹90,000
Subtotal
₹1,02,500
Rebate u/s 87A
– ₹12,500
Health & Education Cess (4%)
₹3,600
Total Tax Payable
₹93,600
You save ₹93,600 by choosing the New Regime
ITR filing deadline: July 31, 2026 (unless extended)
