Income Tax Calculator
Estimate your income tax liability for FY 2025-26 under both New and Old regimes.
Includes 80C, 80D, HRA etc. (Old Regime only)
Tax Calculation Details
How This is Calculated (Formula Transparency)
Tax is calculated by applying progressive slab rates to taxable income (Gross Income minus eligible deductions). Health & Education Cess of 4% is added to the calculated tax.
Worked Example Case Study
Scenario: Salaried individual with ₹12,00,000 annual gross income and ₹1,50,000 investment under 80C.
Detailed Calculation: In New regime, taxable income = ₹12L - ₹75k standard deduction = ₹11.25L. Slabs: 0-3L (0%), 3-7L (5% = ₹20k), 7-10L (10% = ₹30k), 10-11.25L (15% = ₹18.75k). Total = ₹68,750 + 4% cess.
Assumptions & Rules
- Standard deduction of ₹75,000 (New regime) or ₹50,000 (Old regime) is automatically applied for salaried individuals.
- Slab rates reflect FY 2025-26 budget amendments.
- Rebate under Sec 87A is applied (Tax-free taxable income up to ₹7 Lakhs in New Regime).
- Calculations are compliant with laws and rates as of FY 2025-26 (AY 2026-27).
Talk to a Tax Expert / CA Secure
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