Income Tax CalculatorFY 2025-26

Compare old and new regime outcomes for FY 2025-26. Works for salaried employees, freelancers, consultants, and business owners — with practical deduction inputs, special-rate incomes, surcharge, and credits.

Highlights

Resident individual rules for FY 2025-26 (AY 2026-27).
Side-by-side tax comparison for old and new regime.
Profile presets for salaried, freelancer, and mixed-income users.
Advanced options for special-rate incomes and surcharge impact.
Detailed breakdown with effective tax rate and payable/refund view.

Which preset should I use? ▾

👔 Salaried employee

Get Form 16 from your employer. Enter gross taxable salary (before standard deduction), HRA exemption, 80C investments, and health insurance premium (80D). Your TDS from Form 16 goes in the Credits section.

💻 Freelancer / Consultant

Enter your net professional income after expenses (or 50% of gross if filing under 44ADA presumptive scheme). No HRA or LTA applies. Add advance tax paid so far in the Credits section.

🏢 Business / Multiple incomes

Use the Advanced preset. Add salary if you also draw a salary, business income separately, and use the Advanced Options section for capital gains (111A, 112A) or dividend income.

Quick start — load a preset

Profile

Age bandOld regime slabs change by age. New regime slabs are the same across age bands.Dividend incomeDividends are taxed at slab rates. Surcharge on dividend-linked tax is capped at 15%.

Income

Salary incomeEnter gross taxable salary from your offer letter or Form 16 Part B (before standard deduction). Salaried employees: this is your CTC minus tax-exempt allowances. Standard deduction (₹75,000 new regime / ₹50,000 old regime) is auto-applied.Pension incomeTaxable pension income. Standard deduction also applies on pension where eligible.House property incomeEnter positive rental income or negative loss from house property as applicable.Business or professional incomeFreelancers under 44ADA: enter 50% of gross receipts (the presumptive profit). Consultants under normal scheme: enter net income after business expenses. Business owners under 44AD: enter 8% or 6% of turnover as applicable.Interest incomeSavings, FD, and other taxable interest income.Other taxable incomeInclude taxable income that does not fit in the other buckets.

Deductions and exemptions

Old-regime fields are ignored in new regime unless explicitly allowed. New-regime allowed deductions are separate below.

80C (old regime)Eligible investments under 80C — includes EPF, PPF, ELSS, NSC, life insurance premium, home loan principal, children's tuition. Enter actual amount; capped at ₹1,50,000 automatically. Not available in new regime.80CCD(1B) (old regime)Additional NPS deduction under 80CCD(1B). Capped at Rs 50,000.80D health insurance (old regime)Premiums paid for health insurance for self, spouse, children (up to ₹25,000) plus parents (up to ₹25,000 more, or ₹50,000 if parents are senior citizens). Also covers preventive health check-up costs. Old regime only.Home-loan interest (old regime)Self-occupied home-loan interest. Capped at Rs 2,00,000 in this calculator.Employer NPS 80CCD(2) (new regime allowed)Employer NPS contribution that remains deductible in new regime as per your eligible amount.Other new-regime allowed deductionsUse this for other deductions still available in new regime where applicable.

Credits paid

Salaried: find TDS in Form 16 / Form 26AS. Freelancers: enter advance tax challan totals and any TDS deducted by clients.

TDSTotal tax deducted at source for the year — from salary (employer), FD interest (bank), professional fees (clients). Find this in Form 26AS or AIS on the income tax portal.TCSTax collected at source — usually applies on foreign remittances, car purchases above ₹10L, or overseas travel bookings. Find in Form 26AS.Advance tax already paidTotal advance tax deposited via challans during the year (15 Jun, 15 Sep, 15 Dec, 15 Mar installments). Freelancers and business owners typically have this; salaried employees usually don't.

Advanced options

Additional old-regime deductions

80E education loanEligible interest on education loan under section 80E.80G donationsEligible donation deduction under section 80G.80TTASavings interest deduction for non-seniors; capped at Rs 10,000.80TTB (senior citizens)Interest deduction for seniors; capped at Rs 50,000 and applied only for senior age bands.HRA exemptionEnter your eligible HRA exemption under old regime computation.LTA exemptionEnter eligible leave travel exemption considered under old regime.Professional taxProfessional tax paid and claimed under old regime salary computation.Other old-regime eligible deductionsUse this for any additional old-regime deduction amount you have validated.

Special-rate income buckets

STCG under section 111AShort-term capital gains covered by section 111A, taxed at special rates.LTCG under section 112ALong-term equity gains under section 112A. Exemption up to Rs 1,25,000 is auto-applied.LTCG under section 112Long-term gains taxed under section 112 special rate treatment.Lottery / game incomeLottery and similar income is taxed at a flat special rate without slab benefit.Other special-rate incomeUse this for any additional income taxed at a fixed special rate.Other special-rate percentTax rate for the custom special-rate income bucket above. Enter percent, for example 30.

Result summary

Recommended: New regime with an estimated savings of ₹1,15,440.

📊Your income of ₹12,30,000 places you in the top 15% of Indian earners.(Based on CMIE household income data; 96% of Indian households earn under ₹5L/year.)

Old regime

Total tax: ₹1,15,440

Net payable: ₹1,15,440

Effective rate: 11.63%

New regime

Total tax: ₹0

Net payable: ₹0

Effective rate: 0.00%

Breakdown item	Old regime	New regime
Gross slab income	₹12,30,000	₹12,30,000
Deductions applied	₹2,37,500	₹75,000
Taxable slab income	₹9,92,500	₹11,55,000
Slab tax	₹1,11,000	₹55,500
Special-rate taxes	₹0	₹0
Rebate	₹0	₹55,500
Surcharge (after relief)	₹0	₹0
Cess	₹4,440	₹0
Total tax before credits	₹1,15,440	₹0
Total credits	₹0	₹0
Net payable	₹1,15,440	₹0

Method assumptions used in this run

Calculations use FY 2025-26 (AY 2026-27) resident-individual rules.
Rebate is applied against slab-tax component; special-rate taxes are kept separate.
Surcharge marginal relief uses component scaling around threshold transitions.
Enter already-eligible deduction values where statutory caps depend on personal facts.

FY 2025-26Recommended: New regime

Net payable

₹0

You save

₹1,15,440

Methodology

Slab tax is computed regime-wise with age-band handling for old regime.
Special-rate buckets (111A, 112A, 112, lottery, custom special rate) are computed separately.
Rebate logic is applied with threshold handling and marginal-relief style taper near rebate cutoffs.
Surcharge is split into capped and non-capped bases, then cess is added before credits.

Scope and assumptions

This is an informational estimate, not legal/tax advice.
Use only deduction values that are already eligible in your case.
Complex edge cases (residential status variation, special exemptions, litigation outcomes) are out of scope.

FAQ

Does this calculator compare both old and new regimes?

Yes. It computes old and new regime tax side-by-side and highlights the lower estimated tax option for FY 2025-26.

Which regime is better for salaried employees?

It depends on your deductions. If you claim 80C (₹1.5L), 80D health insurance, HRA, and home loan interest, the old regime often wins. Load the Salaried preset and the calculator computes both instantly. New regime is better for those with few deductions.

How do freelancers use this income tax calculator?

Load the Freelancer / Consultant preset. Enter your net professional income (or 50% of gross receipts if under 44ADA). The calculator handles both old and new regime and shows which is cheaper for you.

Can business owners use this calculator?

Yes. Use the Business / Multiple incomes preset. Enter your business income, any salary drawn, capital gains, and dividend income. The advanced options section handles multiple income heads.

How does section 87A rebate work here?

Rebate is applied based on regime threshold logic and shown explicitly in the breakdown. Special-rate taxes are kept separate for clarity.

Does it include surcharge and marginal relief?

Yes. The calculator estimates surcharge and applies a threshold-relief guard so tax jumps are smoothed around surcharge bands.

Is this enough for final ITR filing?

Treat this as a decision-support estimate. Cross-check with your final return computation and documentation before filing.

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