Free Income Tax Calculator FY 2025-26 (AY 2026-27) - India
Calculate your income tax for FY 2025-26 (AY 2026-27) instantly. Compare Old vs New Tax Regime with deductions under Section 80C, 80D, 24b. Find the best tax regime and maximize your tax savings. Free online income tax calculator for Indian taxpayers.
Select Tax Regime - Tax Calculator FY 2025-26
Choose between old and new tax regime to calculate your tax liability
Free Income Tax Calculator FY 2025-26 - Calculate Your Tax
New Tax Regime
New tax regime has lower tax rates but doesn't allow most deductions except standard deduction of ₹₹50,000.
Tax Breakdown
💡 Monthly Breakdown
Tax Deduction Categories FY 2025-26
Popular deductions under Income Tax Act
80C Investments
₹1,50,000PPF, ELSS, EPF, Life Insurance, Tax Saver FD, NSC
Section: 80CHealth Insurance
₹25,000 (₹50,000 for seniors)Medical insurance premiums for self and family
Section: 80DHome Loan Interest
₹2,00,000Interest paid on home loan (self-occupied)
Section: 24(b)NPS Contribution
₹50,000Additional deduction for NPS investment
Section: 80CCD(1B)Education Loan Interest
No LimitInterest on education loan for higher studies
Section: 80ESavings Account Interest
₹10,000Interest earned on savings account
Section: 80TTADonations
VariesDonations to eligible charitable institutions
Section: 80GElectric Vehicle Loan
₹1,50,000Interest on loan for electric vehicle purchase
Section: 80EEBTax Regime Comparison FY 2025-26 - Old vs New
See which regime saves you more tax. Use our income tax calculator to compare.
Old Tax Regime
New Tax Regime
Better ChoiceYou can save ₹23,400 by choosing New Tax Regime!
Old Tax Regime Slabs FY 2025-26 - Tax Calculator
New Tax Regime Slabs FY 2025-26 - Tax Calculator
Tax Saving Tips - Income Tax Calculator Guide FY 2025-26
Section 80C
Invest in PPF, ELSS, EPF, Life Insurance, NSC, or Tax Saver FD to claim up to ₹1.5 lakh deduction.
Health Insurance
Get deduction up to ₹25,000 (₹50,000 for senior citizens) on health insurance premiums under Section 80D.
Home Loan Interest
Claim deduction up to ₹2 lakh on home loan interest under Section 24(b) in old regime.
Education Loan
Interest paid on education loan is fully deductible under Section 80E with no upper limit.
NPS Contribution
Additional deduction of ₹50,000 available for NPS contributions under Section 80CCD(1B).
Donations
Donations to eligible charitable institutions qualify for deduction under Section 80G (50-100%).
Frequently Asked Questions - Income Tax Calculator FAQ FY 2025-26
Which tax regime should I choose in FY 2025-26? - Tax Calculator
If you have significant deductions (₹2.5L+) from investments under Section 80C, home loan interest (Section 24b), health insurance (80D), etc., old regime might be better. If you have few deductions, new regime with lower tax rates is usually beneficial. Use our free tax calculator comparison above to decide which saves you more tax.
Can I switch between Old and New tax regimes every year?
Yes, salaried individuals can switch between Old and New tax regimes every financial year from FY 2025-26 onwards. However, if you have business income, you can switch only once during your lifetime. Use our tax calculator to compare both regimes before deciding.
What is Section 87A rebate in FY 2025-26?
Section 87A provides tax rebate up to ₹12,500 for old regime (if taxable income ≤ ₹5 lakh) or ₹25,000 for new regime (if taxable income ≤ ₹7 lakh) in FY 2025-26. This rebate can make your total tax liability zero. Our income tax calculator automatically applies this rebate.
What is Health and Education Cess in income tax?
A 4% cess (Health and Education Cess) is levied on the income tax amount calculated. This cess is used for funding health and education initiatives by the government. Our tax calculator includes this 4% cess in the total tax liability.
What is standard deduction in FY 2025-26?
Standard deduction of ₹50,000 is available for salaried individuals in both Old and New tax regimes in FY 2025-26. This is automatically deducted from your gross salary before calculating taxable income. Our income tax calculator includes this deduction by default.
How much tax do I pay on ₹10 lakh salary in FY 2025-26?
For ₹10 lakh annual income in FY 2025-26: New regime tax is approximately ₹60,000-₹70,000. Old regime tax depends on your deductions - with maximum deductions (₹2.5L-₹3L), tax can be ₹30,000-₹40,000. Use our free tax calculator above to get exact calculations based on your deductions.