Income Tax Calculator India
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Quick Summary
- See your exact tax liability under both regimes for FY 2025-26 and FY 2026-27, and find out which one actually saves you more money. Free, instant.
- For example, Gross salary ₹8,00,000, new regime works out to Tax payable ≈ ₹0 (rebate covers it).
- Built for salaried and self-employed taxpayers comparing old vs new income tax regime liability
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Salary & Other Income (Annual, FY 2025-26)
Employer's NPS contribution (80CCD(2), capped 10% of basic) is added as salary and deducted right back in both regimes — tax-neutral, but real CTC. Only your own NPS contribution deductions (80C / 80CCD(1B)) actually cut tax.
HRA Exemption — Rent Paid (Old Regime)
Deductions (Old Regime Only)
80TTA (below 60 — savings account interest only, up to ₹10K) / 80TTB (60+ — savings + FD interest, up to ₹50K) applied automatically. If you pay rent but your salary has no HRA component, leave HRA Received at ₹0 — 80GG kicks in automatically instead. 80G assumes you enter the already-eligible deduction amount (usually 50% of the donation for most funds).
Capital Gains — Equity / Equity MF (Taxed Separately, Both Regimes)
LTCG exempt up to ₹1.25L/year, taxed at 12.5% above. STCG taxed flat at 20%. Debt fund gains are taxed at slab rate — include those in "Rental / Other Income" above instead.
Old Regime Tax
₹0
0% effective
New Regime Tax
₹0
0% effective
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Smart Tax-Saving Suggestions
Breakdown
New Regime (2025-26): 0% up to ₹3L · 5% (₹3-7L) · 10% (₹7-10L) · 15% (₹10-12L) · 20% (₹12-15L) · 30% above ₹15L. ₹12L income = zero tax (rebate u/s 87A, with marginal relief up to ~₹12.75L). Only standard deduction (₹75K) + employer NPS apply — 80C/80D/HRA are not available in the new regime.
Not covered (rare enough to skip): business/professional income, multiple house properties, foreign income, agricultural income, 80DD/80U disability deductions, and surcharge marginal relief. Covers the realistic case of salaried income with capital gains.
How the Income Tax Calculator India Works
You enter your income and deductions, and the calculator applies both the new regime slabs (with the Section 87A rebate) and the old regime slabs (after standard deductions, 80C, HRA, home loan interest) side by side, so you can directly compare your final tax liability under each.
Example Scenarios
| Scenario | Result |
|---|---|
| Gross salary ₹8,00,000, new regime | Tax payable ≈ ₹0 (rebate covers it) |
| Gross salary ₹15,00,000, new regime | Tax payable ≈ ₹1,30,000 |
| Gross salary ₹20,00,000, new regime | Tax payable ≈ ₹2,78,200 |
* Illustrative estimates assuming constant annual returns. Actual results vary with market conditions.
Frequently Asked Questions
Under the new regime for FY 2025-26: 0% up to ₹3 lakh, 5% on ₹3-7 lakh, 10% on ₹7-10 lakh, 15% on ₹10-12 lakh, 20% on ₹12-15 lakh, and 30% above ₹15 lakh. Income up to ₹12 lakh effectively pays zero tax due to the Section 87A rebate, with marginal relief extending benefit up to roughly ₹12.75 lakh for salaried taxpayers.
The new regime generally suits taxpayers with few deductions (no HRA, 80C investments, or home loan interest to claim), while the old regime benefits those who can claim significant deductions like 80C (₹1.5L), HRA, and home loan interest. Compare both using an income tax calculator with your actual numbers before deciding.
The old regime allows 80C (₹1.5L for PPF/ELSS/insurance), 80D (health insurance), HRA exemption, home loan interest (Section 24), and 80CCD(1B) additional NPS deduction (₹50K). The new regime only allows a standard deduction (₹75,000) and employer NPS contribution.
Common Mistakes to Avoid
- Not comparing both regimes with your actual numbers before choosing — the better regime depends entirely on your deductions.
- Forgetting that most old-regime deductions (80C, HRA, home loan interest) aren't available under the new regime.
- Missing the Section 87A rebate calculation, which can bring tax to zero up to ₹12 lakh under the new regime.
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* Calculations assume constant annual returns. Actual mutual fund returns vary. Past performance is not indicative of future results. FD comparison uses 7% p.a. SIP returns are compounded monthly.
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