What are the income tax slabs in India for FY 2025-26?

New Regime FY 2025-26: 0% up to ₹3L, 5% (₹3L–₹7L), 10% (₹7L–₹10L), 15% (₹10L–₹12L), 20% (₹12L–₹15L), 30% above ₹15L. With standard deduction of ₹75,000. Rebate under 87A for income up to ₹7L (tax = 0). Old Regime: 0% up to ₹2.5L, 5% (₹2.5L–₹5L), 20% (₹5L–₹10L), 30% above ₹10L.

Should I choose new or old tax regime in India 2025-26?

Choose new regime if your total deductions (80C + 80D + HRA + home loan) are less than ₹2.5–3 lakh. Choose old regime if you have maximised 80C (₹1.5L), health insurance (₹25–50K), HRA exemption, and home loan interest (₹2L). Use this calculator to compare both regimes instantly.

What is the standard deduction for salaried employees in India 2025-26?

The standard deduction is ₹75,000 for FY 2025-26 under the new tax regime (increased from ₹50,000 in FY 2023-24). Under the old regime, the standard deduction is ₹50,000.

Income Tax Calculator India FY 2025-26

Calculate your exact income tax liability under the new and old tax regime. Instantly compare both, claim all deductions, and see your monthly tax outgo — free.

New Tax Regime Slabs — FY 2025-26 (AY 2026-27)

Income Range	Tax Rate	Tax on Slab
Up to ₹3,00,000	Nil	₹0
₹3,00,001 – ₹7,00,000	5%	Up to ₹20,000
₹7,00,001 – ₹10,00,000	10%	Up to ₹30,000
₹10,00,001 – ₹12,00,000	15%	Up to ₹30,000
₹12,00,001 – ₹15,00,000	20%	Up to ₹60,000
Above ₹15,00,000	30%	30% on balance

Standard Deduction: ₹75,000 | Rebate u/s 87A: Tax = 0 if income ≤ ₹7L | Health & Education Cess: 4% on tax

Old Tax Regime Slabs — FY 2025-26

Income Range	Tax Rate	Key Deductions Available
Up to ₹2,50,000	Nil	Standard Deduction ₹50,000
₹2,50,001 – ₹5,00,000	5%	Standard Deduction ₹50,000
₹5,00,001 – ₹10,00,000	20%	80C: ₹1.5L, 80D: ₹25K–₹50K
Above ₹10,00,000	30%	HRA, Home Loan Interest ₹2L

Rebate u/s 87A: Tax = 0 if taxable income ≤ ₹5L | Health & Education Cess: 4% on tax

Income Tax FAQs — India FY 2025-26

New Regime: 0% (up to ₹3L), 5% (₹3–7L), 10% (₹7–10L), 15% (₹10–12L), 20% (₹12–15L), 30% (above ₹15L). Standard deduction ₹75,000. Tax rebate under 87A if income ≤ ₹7L (effectively zero tax). 4% health cess applies on calculated tax.

Use new regime if your total deductions are below ₹2.5–3L. Use old regime if you maximise: 80C (₹1.5L EPF+PPF+ELSS), 80D health insurance (₹25–50K), HRA exemption (depends on rent paid), and home loan interest (₹2L). This calculator compares both regimes for your exact income.

Under new regime FY 2025-26: Gross ₹10L → Less standard deduction ₹75K = ₹9.25L taxable. Tax = 0 + 20,000 + 22,500 = ₹42,500 + 4% cess = ₹44,200. Under old regime with ₹1.5L (80C) + ₹25K (80D): Taxable = ₹8.25L. Tax ≈ ₹75,000 + cess ≈ ₹78,000. New regime is better here.

Major deductions under old regime: Section 80C (₹1.5L) — EPF, PPF, ELSS, LIC, NSC, home loan principal; 80D (₹25–75K) — health insurance; HRA exemption (city-dependent); Home Loan Interest (₹2L under 24b); NPS (₹50K under 80CCD(1B)); Standard Deduction ₹50K; LTA; Leave Encashment.

Yes. Business/freelance income is taxed as "Income from Business & Profession." You can deduct all legitimate business expenses before computing taxable income. Presumptive taxation under Section 44ADA (professionals) and 44AD (small businesses) simplifies filing. Use this calculator for salary income; for business income consult a CA.