Financial Tools

Income Tax Calculator
FY 2025-26

Compare your estimated tax liabilities between the Old and New tax regimes based on the latest Union Budget 2025 tax slabs.

Hemant Mehta

Hemant Mehta

Founder & Tax Consultant Professional Tax Assistance
Salaried Individual / Pensioner

Checking this auto-applies the Standard Deduction (₹75k New / ₹50k Old)

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Note: These deductions apply only to the Old Tax Regime. The New Tax Regime offers lower rates in exchange for removing these exemptions.

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Particulars New Regime Old Regime
Gross Total Income ₹0 ₹0
Less: Standard Deduction ₹0 ₹0
Less: Other Deductions Not Allowed ₹0
Net Taxable Income ₹0 ₹0
Tax Slabs Output ₹0 ₹0
Rebate u/s 87A ₹0 ₹0
Surcharge ₹0 ₹0
Health & Education Cess (4%) ₹0 ₹0
Net Tax Payable ₹0 ₹0

Calculations Pending

Fill in your income sources to compare regimes.

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Enter Details
New Regime
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Old Regime
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Visual Comparison Relative Tax Value
New Tax Regime 0%
New
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Old Tax Regime 0%
Old
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Key Differences

Old vs New Tax Regime Comparison

Feature Old Tax Regime New Tax Regime
Standard Deduction ₹50,000 ₹75,000
Section 80C (PPF, LIC, ELSS) Up to ₹1.5 Lakh ✅ Not Allowed ❌
Section 80D (Health Insurance) Up to ₹25k / ₹50k ✅ Not Allowed ❌
HRA Exemption Available ✅ Not Available ❌
Home Loan Interest (Sec 24b) Up to ₹2 Lakh ✅ Not Available ❌
NPS 80CCD(1B) Up to ₹50,000 ✅ Not Allowed ❌
Tax Rebate u/s 87A Up to ₹5L income Up to ₹12L income
Tax Slabs Higher rates, fewer slabs Lower rates, more slabs
Best For Heavy deductions (80C, 80D, HRA, loan) Fewer or no deductions
Decision Compare carefully before filing. Do not select blindly only because it is simpler.

Not sure which regime to select?

Share your income and deduction details for a professional review before final ITR filing.

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Tax Rates

Income Tax Slabs FY 2025-26

Income tax slabs should be checked carefully before filing ITR because rates, rebate, and rules may change through Finance Act or portal updates.

Old Tax Regime

Total Income Tax Rate
Up to ₹2,50,000Nil
₹2,50,001 – ₹5,00,0005%
₹5,00,001 – ₹10,00,00020%
Above ₹10,00,00030%

New Tax Regime (Default)

Total Income Tax Rate
Up to ₹4,00,000Nil
₹4,00,001 – ₹8,00,0005%
₹8,00,001 – ₹12,00,00010%
₹12,00,001 – ₹16,00,00015%
₹16,00,001 – ₹20,00,00020%
₹20,00,001 – ₹24,00,00025%
Above ₹24,00,00030%

Important: Rebate, surcharge, cess, special rate income, and other rules can affect the final tax amount. Treat calculator output as an estimate unless reviewed with complete details.

Good to Know

Why Calculator Result May Differ from Final ITR

Sometimes taxpayers calculate tax online and later find that the final ITR amount is different.

Incorrect salary entry

Missing interest income

Capital gains not entered

Wrong HRA calculation

AIS or Form 26AS mismatch

TDS or advance tax not checked

Be Prepared

Documents Required

For using a tax calculator and planning ITR filing, keep the following details ready.

Basic Tax Records

PAN, Aadhaar, Form 16, salary slips, Form 26AS, AIS and TIS.

Income Details

Bank interest, FD interest, rent, dividend, capital gains, business or professional income.

Deduction Proofs

80C, 80D, home loan certificate, HRA records, NPS and education loan interest.

Tax Paid Details

TDS certificates, advance tax challans and self-assessment tax challans.

Need help checking Form 16, AIS and deductions?

A quick document review can prevent mismatch, refund delay and wrong tax regime selection.

Get ITR Review Help
Step-by-Step Guide

How to Calculate Income Tax Online

A proper tax calculation should move from year selection to income review, deduction check, regime comparison, and final ITR verification.

Step What to Do Practical Check
Step 1Identify the financial year and assessment year.Using the wrong year can give wrong slab and rebate results.
Step 2Select the correct age category.Rules may differ for individuals below 60, senior citizens and super senior citizens.
Step 3Enter salary income as per records.Do not enter only net salary credited in the bank.
Step 4Add other income.Include interest, rent, dividend, capital gains, freelancing and business income.
Step 5Enter deductions and exemptions.Use only eligible deductions where proof is available.
Step 6Compare old vs new tax regime.The better regime depends on actual income and deduction amount.
Step 7Check TDS and taxes already paid.Review TDS, advance tax and self-assessment tax before filing.
Step 8Review before filing ITR.Match the calculator result with Form 16, AIS, Form 26AS and proofs.

Income Tax Calculation Process Timeline

1
Collect records

Form 16, AIS, Form 26AS, bank interest, capital gains, rent details and deduction proofs are collected.

2
Enter income and deductions

Salary, other income, old regime deductions and taxes paid are entered carefully.

3
Compare both regimes

Old regime and new regime tax payable are compared based on actual data.

4
Review before ITR filing

The result is checked with documents before selecting the regime and filing the return.

Avoid These

Common Mistakes to Avoid

Mistake Why It Matters
Selecting the wrong assessment yearSlabs and rebate rules may differ.
Entering net salary instead of taxable salaryTax calculation may be understated or overstated.
Ignoring interest, dividend or capital gainsAIS mismatch may arise later.
Claiming deductions without documentsDeduction claim may fail during scrutiny or notice handling.
Assuming one regime is always betterRegime selection depends on the taxpayer's profile.

Need professional support before ITR filing?

We can help calculate your tax, compare both regimes, review documents, plan deductions and file your income tax return correctly.

Book Tax Consultation
Got Questions?

Frequently Asked Questions

What is an Income Tax Calculator FY2025-26?

An Income Tax Calculator FY2025-26 is a tool that helps estimate your tax liability for the relevant financial year or assessment year. It can also help compare old vs new tax regime.

Can I calculate income tax online myself?

Yes. You can calculate income tax online using a tax calculator. However, final tax liability should be checked with Form 16, AIS, Form 26AS, deductions, and other income details before filing ITR.

Which is better, old tax regime or new tax regime?

There is no single answer. The old regime may be better if you have sufficient eligible deductions and exemptions. The new regime may be better if you have fewer deductions. A proper comparison is required.

Is the new tax regime default?

For eligible taxpayers, the new tax regime is generally the default regime. However, eligible taxpayers may have the option to choose the old regime subject to applicable rules and filing requirements.

Do salaried individuals need a tax calculator?

Yes. A tax calculator for salaried individuals is useful for comparing tax regimes, checking tax payable, estimating refund, and planning deductions before ITR filing.

Can business owners use an income tax calculator?

Business owners can use a calculator for rough estimation, but final tax calculation should be based on proper books of accounts, business income, expenses, GST turnover, TDS, and applicable tax provisions.

Should I consult a professional before selecting a tax regime?

It is advisable if you have salary with deductions, home loan, HRA, capital gains, business income, freelancing income, or multiple income sources. A professional can compare both regimes and guide you properly.

Conclusion

An Income Tax Calculator FY2025-26 is a useful starting point for estimating tax liability and comparing old vs new tax regime. It helps salaried individuals, freelancers, professionals, and business owners understand which regime may work better.

But calculator results should not be treated as final without checking documents. Form 16, AIS, Form 26AS, bank interest, capital gains, deductions, and business records should be reviewed before filing ITR.

A careful tax calculation can help you avoid wrong regime selection, extra tax payment, refund issues, and future notices.