Know Your Tax Liability
Income Tax Calculator
Estimate your income tax liability for FY 2025‑26 (AY 2026‑27). Compare new vs old regime, include deductions, and see a detailed breakdown with surcharge and cess.
Your Details
₹12,00,000
₹0₹1Cr
₹75,000
₹75,000 for salaried individuals (max)
Tax Summary
Total Tax Payable
₹81,900
Effective Tax Rate: 6.83%
Total Income
₹12,00,000
Taxable Income
₹11,25,000
Tax Breakdown
Tax before Rebate₹78,750
Health & Education Cess (4%)+₹3,150
Key Highlights for FY 2025‑26
- Income up to ₹7 lakh is tax‑free under the new regime (with ₹25,000 rebate).
- Standard deduction of ₹75,000 for salaried individuals (new regime).
- New tax slabs: 0% (₹0-3L), 5% (3-6L), 10% (6-9L), 15% (9-12L), 20% (12-15L), 30% (above 15L).
- Old regime unchanged: basic exemption ₹2.5L (₹3L for seniors, ₹5L for super seniors).
⚠️ Surcharge and marginal relief are accurately implemented. Consult a tax professional for final filing.
Tax Planning Tips for FY 2025‑26
The new regime is default and offers lower rates, but the old regime may still be beneficial if you have significant deductions (80C, 80D, HRA, etc.). Use this calculator to compare both. Consider investing in ELSS, PPF, NPS, and health insurance to maximise deductions under the old regime. For new regime, focus on higher take-home pay and simpler compliance.