Income Tax Calculator 2025-2026
💰 India Income Tax Calculator 🇮🇳
Calculate your tax liability for FY 2024-25 & 2025-26
Your Details & Income
Include all salary components before any deductions.
Income from sources other than salary/pension.
Common Deductions (Old Tax Regime)
These deductions are generally NOT available under the New Tax Regime.
E.g., PPF, EPF, LIC, ELSS, Home Loan Principal, Children's Tuition Fees.
Self/Family (₹25k/₹50k if senior citizen), Parents (additional ₹25k/₹50k if senior citizen).
House Rent Allowance exemption. (Complex calculation, enter your eligible amount).
Interest on loan for self-occupied property.
Up to 10% of Basic+DA (Central Govt: 14%). Available in both regimes.
Your Tax Summary
Selected Financial Year: FY 2024-25
Age Group: Below 60 Years
New Tax Regime
Taxable Income: ₹0
Income Tax: ₹0
Health & Education Cess (4%): ₹0
Total Tax Payable: ₹0
Old Tax Regime
Taxable Income: ₹0
Income Tax: ₹0
Health & Education Cess (4%): ₹0
Total Tax Payable: ₹0
Important Notes:
- The New Tax Regime is the default regime from FY 2023-24 onwards.
- You can opt for the Old Tax Regime every year (if no business income).
- Tax laws are complex; this calculator provides an estimate. Consult a tax professional for personalized advice.
- Surcharge is applicable for high-income earners (not detailed in this calculator for simplicity).
- Marginal relief rules apply for surcharge, ensuring tax doesn't drastically exceed income just beyond surcharge thresholds.
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