Income Tax Calculator FY 2025-26

Compare old regime vs new regime. Includes Section 87A rebate, surcharge, and 4% Health & Education Cess. Updated for Finance Act 2025 (AY 2026-27). All calculations are 100% client-side — nothing leaves your browser.

Reviewed by Harun Raaj, CA — ICAI Membership No. 238303 · Firm Reg. 19027S · Updated July 2026

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Annual Gross Income (₹)Before any deductions or standard deduction

Employment Type

Age (for old regime slabs)

₹

Enter your annual gross income above to see the comparison.

Statutory Basis

Every computation in this tool is based on the following specific statutory provisions. You can verify each one directly in the legislation.

New Regime Slabs

Section 115BAC of the Income Tax Act, 1961, as substituted by the Finance Act 2023 and further amended by the Finance Act 2025

Standard Deduction

Section 16(ia) of the Income Tax Act, 1961 — ₹75,000 for FY 2025-26 under the new regime; ₹50,000 under the old regime, as per the Finance Act 2023

Rebate u/s 87A (New Regime)

Section 87A — rebate of ₹60,000 for net taxable income ≤ ₹12,00,000 under the new regime (Finance Act 2025)

Rebate u/s 87A (Old Regime)

Section 87A — rebate of ₹12,500 for net taxable income ≤ ₹5,00,000 under the old regime

Surcharge

Section 2(ia) of the Finance Act — 10% for total income ₹50L–1Cr; 15% for ₹1Cr–2Cr; 25% for ₹2Cr–5Cr; 37% for >₹5Cr (old regime). New regime surcharge capped at 25% per Finance Act 2023

Health & Education Cess

Section 2(11) of the Finance Act 2018 — Health and Education Cess at 4% on income tax plus surcharge, replacing the earlier 3% Education Cess

Frequently Asked Questions

What is the income tax rate under the new regime for FY 2025-26?+

Under the new tax regime (default from FY 2024-25): 0% up to ₹3L, 5% ₹3L–7L, 10% ₹7L–10L, 15% ₹10L–12L, 20% ₹12L–15L, 30% above ₹15L. Rebate u/s 87A of ₹25,000 makes income up to ₹7L effectively tax-free. Source: Finance Act 2024, Section 115BAC.

Should I choose the old or new tax regime?+

The new regime is better if your deductions (HRA, 80C, 80D, home loan interest, NPS) are less than approximately ₹3.75L for income up to ₹15L. Use the old regime if your total deductions exceed this threshold. Source: Sections 80C, 80D, 24(b), 115BAC, Income Tax Act.

What is the standard deduction in FY 2025-26?+

Salaried employees and pensioners get a standard deduction of ₹75,000 under the new regime (increased from ₹50,000 by Finance Act 2024) and ₹50,000 under the old regime. Source: Section 16(ia), Income Tax Act.

What is the basic exemption limit for senior citizens?+

Under the old regime: ₹3,00,000 for senior citizens (60–79 years) and ₹5,00,000 for super senior citizens (80+ years). Under the new regime, the basic exemption is ₹3,00,000 for all — same regardless of age. Source: Income Tax Act, Finance Act 2023.

Is agricultural income taxable?+

Agricultural income is exempt under Section 10(1) of the Income Tax Act. However, it is added to total income for rate purposes (partial integration) if net agricultural income exceeds ₹5,000 and other income exceeds the basic exemption limit.

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