E.g., HRA, LTA, Food coupons
Max ₹2L deduction (Old Regime)
Net Profit (Flat 30% Tax)
Income Tax Slab Rates for FY 2025-26
| Income Tax Slabs | New Regime Rates |
|---|---|
| Up to ₹4 Lakhs | NIL |
| ₹4 L - ₹8 L | 5% |
| ₹8 L - ₹12 L | 10% |
| ₹12 L - ₹16 L | 15% |
| ₹16 L - ₹20 L | 20% |
| ₹20 L - ₹24 L | 25% |
| Above ₹24 Lakhs | 30% |
Note: Under New Regime, income up to ₹12 Lakhs is effectively tax-free due to Rebate u/s 87A (Max ₹60,000).
What is the Income Tax Calculator?
The Income Tax Calculator is a comprehensive tool designed to estimate your tax liability for FY 2025-26. It compares the **Old Regime** (which allows deductions like 80C, HRA) with the **New Regime** (lower rates, fewer deductions).
It accounts for the latest Budget 2025 updates, including the hike in Standard Deduction to ₹75,000 for the New Regime and the increased 87A rebate limit.
Calculation of Income Tax on Salary
To calculate income tax, include income from all sources:
- Income from Salary
- House Property (Rental)
- Capital Gains / Crypto
- Other Sources (Interest)
Exemptions & Deductions
- Old Regime: Allows Standard Deduction (50k), HRA, LTA, 80C (1.5L), 80D (Health), 80E (Edu Loan), 80G, etc.
- New Regime: Allows Standard Deduction (75k), 80CCD(2) (Employer NPS), and 80CCH (Agniveer). Most other deductions are removed.
Zero Tax upto ₹12L: Under New Regime, the rebate limit has been increased to ₹60,000, making taxable income up to ₹12 Lakhs tax-free.
Standard Deduction: Increased to ₹75,000 under the New Regime.
Is 80C available in New Regime?
No, Section 80C deductions are only available in the Old Tax Regime.
What is the crypto tax rate?
Income from Digital Assets is taxed at a flat 30% + cess, regardless of your slab.