Calculate your income tax liability instantly for FY 2025-26. Compare old vs new tax regimes.
Gross Income
₹5,00,000
Standard Deduction
₹75,000
Taxable Income
₹4,25,000
Total Tax Payable
₹6,500
New Regime Saves
₹3,900 annually
✓Max out 80C deductions (₹1.5L)
✓Use health insurance (80D)
✓Claim home loan interest (24b)
✓Review tax regime annually
| Income Range | Tax Rate | Tax Amount (Example) |
|---|---|---|
| Up to ₹3 Lakh | Nil | ₹0 |
| ₹3 - ₹6 Lakh | 5% | ₹15,000 on ₹6L |
| ₹6 - ₹9 Lakh | 10% | ₹30,000 on ₹9L |
| ₹9 - ₹12 Lakh | 15% | ₹45,000 on ₹12L |
| ₹12 - ₹15 Lakh | 20% | ₹60,000 on ₹15L |
| Above ₹15 Lakh | 30% | Tax as per bracket |
LIC Premiums
Life insurance
EPF Contribution
Employee provident fund
PPF Investment
Public provident fund
FD Interest
Bank fixed deposits
Home Loan Principal
Loan repayment
Education Fees
Self, spouse, children
ELSS Funds
Equity-linked savings
Sukanya Samriddhi
Girl child savings
Premium paid for health/medical insurance: Self + family ₹25,000, Senior citizens ₹50,000
Interest on education loan: No limit. Available for self, spouse, children education.
Interest on home loan: Up to ₹2,00,000 per annum (self-occupied property)
National Pension Scheme: Up to 10% of salary (additional to 80C benefit)
The standard deduction for salaried employees is ₹75,000 in the new tax regime for FY 2025-26.
New Tax Regime: 0% up to ₹3L, 5% from ₹3-6L, 10% from ₹6-9L, 15% from ₹9-12L, 20% from ₹12-15L, 30% above ₹15L.
New regime offers lower rates but no deductions. Old regime allows deductions under 80C, 80D, etc. Calculate both to decide.
Popular deductions: 80C (₹1.5L), 80D (health insurance), 80E (education loan interest), 24(b) (home loan interest), etc.
For income above ₹1Cr: 15% surcharge (new regime) or 25% (old regime). Additional health and education cess of 4% applies.
This calculator provides estimates. Consult a CA for accurate tax planning and filing.