Income Tax Calculator (India) 2026
Calculate your income tax for FY 2024-25. Compare Old & New tax regimes, calculate with deductions (80C, 80D, HRA), and get instant results.
Tax Calculator
📊 Income Tax Slabs (FY 2024-25)
Old Tax Regime
| Income Slab | Tax Rate |
|---|---|
| Up to ₹2,50,000 | 0% |
| ₹2,50,001 - ₹5,00,000 | 5% |
| ₹5,00,001 - ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
+ 4% cess on tax
Standard Deduction: ₹50,000
Senior Citizens (60+): Exemption limit ₹3,00,000
Super Senior (80+): Exemption limit ₹5,00,000
New Tax Regime
| Income Slab | Tax Rate |
|---|---|
| Up to ₹3,00,000 | 0% |
| ₹3,00,001 - ₹7,00,000 | 5% |
| ₹7,00,001 - ₹10,00,000 | 10% |
| ₹10,00,001 - ₹12,00,000 | 15% |
| ₹12,00,001 - ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
+ 4% cess on tax
Standard Deduction: ₹50,000
No other deductions available
❓ Frequently Asked Questions
Income tax is calculated based on your taxable income and tax regime. First, subtract deductions (standard deduction, 80C, 80D, etc.) from your annual income to get taxable income. Then apply progressive tax slabs (5%, 10%, 15%, 20%, 30%) based on your income bracket, and add 4% cess. Our calculator does this automatically for both Old and New tax regimes.
Choose Old Regime if: You have significant tax-saving investments (80C up to ₹1.5L, 80D, HRA exemption, etc.). The deductions can significantly reduce your taxable income.
Choose New Regime if: You have minimal investments and prefer lower tax rates with no deductions. The simplified structure often benefits those with lower deductions.
Use our calculator to compare both regimes and see which gives you lower tax.
Section 80C allows deductions up to ₹1.5 lakh for investments in:
- Employee Provident Fund (EPF)
- Public Provident Fund (PPF)
- ELSS Mutual Funds
- Life Insurance Premiums
- National Savings Certificate (NSC)
- Tax-Saving Fixed Deposits (5-year)
- Principal repayment of home loan
- Tuition fees for children
Note: Available only in Old Tax Regime.
⚠️ Disclaimer
This calculator provides estimates only. Actual tax may vary based on your specific situation, additional income sources, capital gains, and other factors. Tax calculations are based on FY 2024-25 tax slabs. Always consult with a Chartered Accountant (CA) or tax advisor for accurate tax planning and filing.