Estimate your income tax under India's new tax regime for FY 2025-26. The new regime offers a flat ₹75,000 standard deduction and a Section 87A rebate that makes taxable income up to ₹12 lakh effectively tax-free.
About the Income Tax Calculator
New regime slabs (FY 2025-26): ₹0–4L at 0%, ₹4–8L at 5%, ₹8–12L at 10%, ₹12–16L at 15%, ₹16–20L at 20%, ₹20–24L at 25%, above ₹24L at 30%. Section 87A rebate cancels the computed tax for those with taxable income up to ₹12 lakh.
Formula used:
Frequently Asked Questions
Is income up to ₹12 lakh really tax-free?
Effectively yes for FY 2025-26 under the new regime — the 87A rebate cancels the computed tax when taxable income (after ₹75K standard deduction) is up to ₹12 lakh.
Can I still choose the old regime?
Yes. Salaried individuals can choose between old and new regime each financial year when filing. Old regime suits those with large HRA, home loan interest, and 80C deductions.