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 ₹12 lakh is effectively tax-free after the ₹75,000 standard deduction and Section 87A rebate of ₹60,000. The Old Regime allows deductions under 80C (₹1.5L), 80D (health insurance), HRA and many more.
New Regime slabs (FY 2025-26): 0% up to ₹4L, 5% on ₹4–8L, 10% on ₹8–12L, 15% on ₹12–16L, 20% on ₹16–20L, 25% on ₹20–24L, 30% above ₹24L. Plus 4% Health & Education Cess on tax.
Authority: incometax.gov.in · Updated: Budget 2025
Frequently Asked Questions
Which tax regime is better — new or old?+
New regime is better if your total deductions under 80C, 80D, HRA etc. are less than ₹3.75 lakh. Old regime is better if you have high deductions. Use our Compare mode to see which saves you more.
Is income up to ₹12 lakh tax-free in 2025?+
Yes, under the New Regime. After ₹75,000 standard deduction, taxable income is ₹11.25L. The Section 87A rebate of ₹60,000 makes the effective tax zero for income up to ₹12.75L.
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 ₹60,000 under New Regime (applicable if taxable income ≤ ₹12L).
What is the standard deduction for salaried employees?+
₹75,000 standard deduction is available to salaried employees under both New and Old regime for FY 2025-26, increased from ₹50,000 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.