Income Tax Calculator FY 2025-26

What is Income Tax Calculator FY 2025-26?

The Income Tax Calculator computes your total tax liability for FY 2025-26 under both old and new tax regimes. It factors in all major deductions and shows a slab-wise breakdown of your tax.

How to Calculate Income Tax

1. Enter your annual gross income from salary or business
2. Select your age group (below 60 / senior citizen / super senior citizen)
3. Enter deductions (80C investments, HRA, NPS, medical insurance premium)
4. Click Calculate to see taxable income, tax slab-wise breakdown, and total tax payable including cess

How Income Tax Calculator FY 2025-26 is Calculated

Tax is calculated by applying progressive slab rates to your taxable income (gross income minus eligible deductions). A 4% Health & Education Cess is added to the computed tax. Surcharge applies for income above ₹50 lakhs.

Worked Example

For annual income ₹15,00,000 under new regime (after ₹75,000 standard deduction, taxable income = ₹14,25,000): Up to ₹4L = ₹0, ₹4–8L = ₹20,000 (5%), ₹8–12L = ₹40,000 (10%), ₹12–14.25L = ₹33,750 (15%). Total tax = ₹93,750 + 4% cess = ₹97,500. Note: salaried individuals with gross income up to ₹12,75,000 pay zero tax under the new regime due to the Section 87A rebate.

Common Use Cases

• Annual tax liability estimation
• Salary restructuring for tax efficiency
• 80C investment planning
• Advance tax calculation

Common Mistakes to Avoid

• Confusing financial year with assessment year — FY 2025-26 (income earned) is assessed in AY 2026-27 (tax filed).
• Not claiming all eligible deductions under the old regime — many people miss NPS (80CCD), education loan interest (80E), or medical insurance (80D).
• Forgetting to add 4% Health & Education Cess on top of the calculated tax amount.
• Ignoring the Section 87A rebate — under the new regime, salaried individuals with gross income up to ₹12,75,000 (taxable income up to ₹12 lakhs after ₹75,000 standard deduction) pay zero tax.

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