Income Tax Calculator
Calculate your tax liability for the current financial year
Taxpayer Information
Tax Calculation Results
Tax Breakdown
Regime Comparison
| Parameter | Old Regime | New Regime |
|---|---|---|
| Taxable Income | ₹0 | ₹0 |
| Tax Liability | ₹0 | ₹0 |
| Effective Tax Rate | 0% | 0% |
| Recommended Regime | - | |
Recommended ITR Form
Table of Contents
How to Use the Income Tax India Calculator FY 2025-26
1. Enter Your Income Details for Income Tax India
Gross Annual Income:
For salaried individuals: Enter your CTC (Cost to Company) or gross salary before deductions when filing your ITR Return.
For self-employed/freelancers: Include profits from business/profession after expenses to accurately calculate your Income Tax liability.
Pensioners: Add pension income under “Income from Salaries” for seamless ITR Return filing.
Financial Year Selection:
Ensure you select FY 2025-26 (AY 2026-27) for Income Tax India calculations as per the latest tax laws.
Pro Tip: If you have income from multiple sources, note them separately for better tracking and using the Income Tax Calculator FY 2025-26.
2. Choose Your Tax Regime
Old Tax Regime (With Deductions):
Best for taxpayers with:
Home loan (Section 24)
Investments (80C, 80D, 80G)
HRA exemption
Who should avoid? Those with minimal investments (tax liability may be higher under Income Tax India rules).
New Tax Regime (Lower Rates, Fewer Deductions):
Default for FY 2025-26 (unless you opt out while filing your ITR Return).
Best for those who:
Don’t have major deductions
Prefer simpler Income Tax filing
Key Change: New slabs offer 5%–30% rates (vs. old regime’s 5%–30% with deductions).
You Will Find More Useful Calculators Here
3. Add Deductions & Exemptions (Old Regime Only, Also Check Tax Saving )
Section 80C (₹1.5L):
Common Investments:
EPF/VPF
PPF, SSY, NSC
ELSS (Tax-saving mutual funds)
Life insurance premiums (for self/spouse/children)
Principal repayment of home loan
Section 80D (Health Insurance):
Self/Family: ₹25,000 (₹50,000 for senior citizens)
Parents: ₹25,000 (₹50,000 if seniors)
HRA Exemption:
Provide rent paid, landlord PAN (if rent > ₹1L/year), and actual HRA received for Income Tax benefits.
Other Deductions:
Section 80G: Donations to charities (50%–100% deduction)
Section 24(b): Home loan interest (up to ₹2L/year)
4. Include Additional Income (If Applicable)
Interest Income:
Savings account (tax-free up to ₹10,000 under Section 80TTA)
Fixed deposits (taxable; add under “Income from Other Sources” in your ITR Return)
Capital Gains:
Short-term (STCG): Stocks (<12 months) — 15% tax
Long-term (LTCG): Stocks (>12 months) — 10% tax over ₹1L
Property/mutual funds: Different rates apply under Income Tax India rules
Rental Income:
After deducting municipal taxes + 30% standard deduction
5. View & Compare Tax Liability
Instant Tax Breakdown:
Total taxable income
Tax payable (after rebates)
Cess (4% health & education)
Regime Comparison:
Side-by-side view of tax outgo in old vs new regimes
Example: If your income is ₹12L, the Income Tax India calculator may show ₹1L savings in the new regime.
Rebate 87A:
If taxable income ≤ ₹7L (new regime), you pay zero tax. The Income Tax India Calculator FY 2025-26 will provide tips on other rebates too.
6. Download/Share & Optimize
Save as PDF: For offline reference or sharing with a CA while filing your ITR Return.
Adjust Inputs: Experiment with:
Increasing 80C investments to reduce Income Tax liability
Switching regimes to see which saves more
Tax-Saving Tips:
Invest in NPS (extra ₹50K deduction under 80CCD(1B))
Claim LTA (if provided by employer)
The Income Tax India Calculator FY 2025-26 will help you find your tax liability.
Income Tax India – Complete Guide, Slabs, Calculator & Filing
What is Income Tax in India?
Income tax India refers to the direct tax imposed by the Government of India on income earned by individuals, HUFs, companies, and other entities during a financial year. Income tax India is governed by the Income-tax Act and administered by the Income Tax Department.
Under income tax India rules, tax liability depends on:
- Residential status
- Nature of income
- Applicable tax slabs
- Chosen tax regime
Understanding income tax India is essential for proper tax planning, accurate filing, and avoiding penalties.
Income Tax Slabs in India (FY 2025–26)
| Income Range | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹6,00,000 | 5% |
| ₹6,00,001 – ₹9,00,000 | 10% |
| ₹9,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Income Tax Slabs – Old Tax Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Old vs New Tax Regime – Which is Better?
Choosing between regimes under income tax India depends on your deductions and income structure.
Choose New Regime if:
- You have minimal deductions
- You prefer simple income tax India calculation
Choose Old Regime if:
- You invest under 80C
- You claim HRA, LTA, or home loan benefits
- You want lower income tax India liability through deductions
Always compare both regimes using an income tax India calculator before filing.
Heads of Income under Income Tax India
Income tax India classifies income into five heads:
- Income from Salary – wages, pension, allowances ( Also Check TDS Calculator )
- Income from House Property – rental income
- Profits and Gains of Business or Profession
- Capital Gains – sale of property, shares, crypto
- Income from Other Sources – interest, dividends
Deductions and Exemptions in Income Tax India
Some popular deductions under income tax India include:
- Section 80C – PPF, ELSS, LIC (up to ₹1.5 lakh)
- Section 80D – Health insurance premiums
- Standard Deduction – ₹50,000 (old regime)
- HRA Exemption – For salaried taxpayers
These deductions significantly reduce income tax India payable under the old regime.
Common ITR Forms:
- ITR-1 – Salaried individuals
- ITR-2 – Capital gains
- ITR-3 – Business income
- ITR-4 – Presumptive income
Timely filing ensures compliance with income tax India laws and avoids penalties.
Old vs New Tax Regime Comparison
| Particulars | Old Tax Regime (Income Tax India) | New Tax Regime (Income Tax India) |
|---|---|---|
| Tax Slab Rates | Higher slab rates | Lower slab rates |
| Deductions Allowed | Yes (80C, 80D, HRA, LTA, etc.) | No major deductions |
| Standard Deduction | ₹50,000 allowed | Not allowed |
| Rebate (87A) | Up to ₹5 lakh income | Up to ₹7 lakh income |
| Complexity | Higher (planning required) | Simple & clean |
| Best For | Tax-saving investors | Salary earners with no deductions |
Income Tax Slab Comparison Table
| Income Range | Old Regime Tax | New Regime Tax |
|---|---|---|
| Up to ₹2.5L | Nil | Nil |
| ₹2.5L – ₹3L | 5% | Nil |
| ₹3L – ₹5L | 5% | 5% |
| ₹5L – ₹6L | 20% | 5% |
| ₹6L – ₹9L | 20% | 10% |
| ₹9L – ₹12L | 30% | 15% |
| ₹12L – ₹15L | 30% | 20% |
| Above ₹15L | 30% | 30% |
Deductions Under Income Tax India – Regime Comparison
| Deduction Type | Old Regime | New Regime |
|---|---|---|
| Section 80C | ✅ Allowed | ❌ Not allowed |
| Section 80D | ✅ Allowed | ❌ Not allowed |
| HRA | ✅ Allowed | ❌ Not allowed |
| LTA | ✅ Allowed | ❌ Not allowed |
| Home Loan Interest | ✅ Allowed | ❌ Not allowed |
| Standard Deduction | ✅ Allowed | ❌ Not allowed |
Who Should Choose Which Regime?
| Taxpayer Type | Recommended Regime |
|---|---|
| Salaried with no investments | New Regime |
| Salaried with 80C + HRA | Old Regime |
| Freelancers | Depends on deductions |
| High-income earners | Compare both |
| First-time taxpayers | New Regime |
Why Use This Income Tax India Calculator FY 2025-26?
✅ 100% Free — No hidden charges, updated with latest Income Tax India rules
✅ Best for Salaried & Freelancers — Supports multiple income sources for ITR Return filing
✅ Tax-Saving Tips — Suggests deductions to reduce liability
✅ Mobile-Friendly — Works smoothly on all devices
Plan smarter with the most reliable Income Tax India Calculator FY 2025-26!
FAQs
1. How to calculate income tax for FY 2025-26?
You can use AllTaxCalculator’s Income Tax Calculator FY 2025-26 by entering your annual income, selecting the tax regime (old or new), and adding deductions (if applicable). The tool instantly computes your tax liability with accuracy.
2. Which tax regime is better for FY 2025-26 – old or new?
The new tax regime (FY 2025-26) offers lower tax rates but fewer deductions, making it beneficial for those with minimal investments. The old regime is better if you claim exemptions (HRA, 80C, 80D, etc.). Use our calculator to compare both.
3. What deductions can I claim under the old tax regime?
Under the old regime, you can claim:
Section 80C (₹1.5L): EPF, PPF, LIC, ELSS, home loan principal
Section 80D: Health insurance premiums
HRA: For salaried employees
Section 24(b): Home loan interest (up to ₹2L)
4. Is the new tax regime compulsory in FY 2025-26?
No, the new tax regime is optional. Salaried employees can choose between old and new regimes. However, the government has made the new regime more attractive with revised tax slabs.
5. How do I calculate tax if I have income from salary and freelancing?
Enter your total income (salary + freelancing) in the Income Tax Calculator FY 2025-26, select the applicable regime, and add deductions (if any). The tool will compute tax liability, including advance tax if freelancing income exceeds ₹10,000/year.
6. What is the income tax slab for FY 2025-26?
New Regime Slabs (FY 2025-26):
Up to ₹3L: Nil
₹3L–6L: 5%
₹6L–9L: 10%
₹9L–12L: 15%
₹12L–15L: 20%
Above ₹15L: 30%
7. Can I switch between old and new tax regimes every year?
Yes, salaried employees can switch yearly, but business/professionals must stick to one regime for the entire financial year.
8. How much tax can I save under Section 80C in FY 2025-26?
Under Section 80C, you can save up to ₹1.5 lakh by investing in PPF, ELSS, NSC, or paying life insurance premiums.