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Income Tax Calculator (FY 2025-26)

Compare Old vs New regime tax for FY 2025-26. See your tax liability, take-home, and effective rate. Includes 80C, 80D, 80CCD(1B), HRA, and home loan deductions.

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Your total income from salary + business + other sources

Age
Tax regime

Deductions (Old regime benefits most)

PPF, ELSS, ELSS, LIC, home loan principal

Self + family + parents

Max ₹50,000 over and above 80C

If you live in rented accommodation

Up to ₹2L for self-occupied

Total tax payable

₹62,400

Tax (before cess)₹60,000
Health & Education Cess (4%)₹2,400
Effective tax rate4.16%
Taxable income₹12,00,000
Standard deduction₹75,000
Total deductions claimed₹2,25,000
Rebate u/s 87A₹0
Monthly take-home (after tax)₹94,800
You save ₹1,24,800 with the New regime

Want help filing your ITR?

Tax breakdown

  • ₹0.0L – ₹4.0L₹0
  • ₹4.0L – ₹8.0L₹20,000
  • ₹8.0L – ₹12.0L₹40,000

These calculations are for indicative purposes only. For specific tax planning or filing, please consult a CA.

Frequently asked questions

The new tax regime (Section 115BAC) is the default from FY 2024-25. It has 7 slabs (0%, 5%, 10%, 15%, 20%, 25%, 30%) with a standard deduction of ₹75,000 and a ₹7L rebate benefit. Most exemptions like HRA, LTA, 80C, 80D are NOT available.

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