About Income Tax Calculator FY 2025-26
This free income tax calculator is updated with Budget 2025 tax slabs. Under the New Tax Regime (default from FY 2024-25), income up to โน12 lakh is effectively tax-free after the โน75,000 standard deduction and Section 87A rebate of โน60,000. The Old Regime allows deductions under 80C (โน1.5L), 80D (health insurance), HRA and many more.
New Regime slabs (FY 2025-26): 0% up to โน4L, 5% on โน4โ8L, 10% on โน8โ12L, 15% on โน12โ16L, 20% on โน16โ20L, 25% on โน20โ24L, 30% above โน24L. Plus 4% Health & Education Cess on tax.
Authority: incometax.gov.in ยท Updated: Budget 2025
Frequently Asked Questions
Which tax regime is better โ new or old?+
New regime is better if your total deductions under 80C, 80D, HRA etc. are less than โน3.75 lakh. Old regime is better if you have high deductions. Use our Compare mode to see which saves you more.
Is income up to โน12 lakh tax-free in 2025?+
Yes, under the New Regime. After โน75,000 standard deduction, taxable income is โน11.25L. The Section 87A rebate of โน60,000 makes the effective tax zero for income up to โน12.75L.
What is Section 87A rebate?+
Section 87A provides a tax rebate that reduces your total tax to zero if taxable income is within the threshold. For FY 2025-26, the rebate is โน60,000 under New Regime (applicable if taxable income โค โน12L).
What is the standard deduction for salaried employees?+
โน75,000 standard deduction is available to salaried employees under both New and Old regime for FY 2025-26, increased from โน50,000 in the previous year.
Is HRA exemption available under New Regime?+
No. HRA exemption is available only under the Old Tax Regime. Under the New Regime, no deductions or exemptions (except standard deduction) are allowed.