Income Tax Calculator

Finance

Compare old vs new regime and estimate tax payable.

Income tax (FY 2025-26)

Tax regime

Annual gross income₹12,00,000

₹

Total tax payable

₹0

Indicative estimate for FY 2025-26. Not tax advice.

Taxable income: ₹11,25,000
Income tax: ₹0
Health & edu. cess (4%): ₹0
Effective rate: 0%
Net in-hand: ₹12,00,000

Income Tax Calculator (FY 2025-26)

Compare the new and old tax regimes and estimate your tax payable. The new regime offers lower slab rates and a ₹75,000 standard deduction, with a full rebate up to ₹12 lakh taxable income. The old regime allows deductions like 80C, HRA and home-loan interest.

This is an indicative estimate including 4% health & education cess. It does not model surcharge on very high incomes or every deduction - always confirm with a tax professional.

Frequently asked questions

Which regime is better for me?

The new regime usually wins if you have few deductions; the old regime can be better if you claim large 80C, HRA or home-loan benefits. Compare both here with your numbers.

Is income up to ₹12 lakh tax-free in the new regime?

For FY 2025-26, a Section 87A rebate makes tax zero up to ₹12 lakh taxable income (₹12.75 lakh including the standard deduction) under the new regime.

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