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Income Tax Calculator FY 2025-26 (AY 2026-27)
Compare the New and Old tax regimes in seconds. Includes standard deduction, rebate under section 87A with marginal relief, surcharge and 4% health & education cess. Rules are stored per financial year and sourced from official publications.
How the tax is computed
- Gross income = salary/pension + other income.
- Less deductions allowed in the chosen regime (standard deduction is automatic).
- Taxable income is rounded to the nearest ₹10 and taxed at slab rates.
- Rebate u/s 87A for residents (New regime: income up to ₹12 lakh, with marginal relief just above it; Old regime: up to ₹5 lakh).
- Surcharge above ₹50 lakh with marginal relief; then 4% health & education cess.
Slab rates for FY 2025-26
| New regime | Rate | Old regime (below 60) | Rate |
|---|---|---|---|
| Up to ₹4,00,000 | Nil | Up to ₹2,50,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹2,50,001 – ₹5,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 1% | ₹5,00,001 – ₹10,00,000 | 2% |
| ₹12,00,001 – ₹16,00,000 | 15% | Above ₹10,00,000 | 3% |
| ₹16,00,001 – ₹20,00,000 | 2% | ||
| ₹20,00,001 – ₹24,00,000 | 25% | ||
| Above ₹24,00,000 | 3% |
Old-regime basic exemption: ₹3 lakh for resident senior citizens (60–79) and ₹5 lakh for super senior citizens (80+).
Sources & disclaimer
This calculator is for general guidance for individual taxpayers and does not cover every provision (e.g. special-rate incomes, set-off of losses, relief u/s 89, AMT). It is not professional advice. For a filed return you can rely on, talk to PADM India.
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