🧾 Your Income & Deductions
Results update automatically as you type. Not a substitute for CA advice.
💰 Estimated Monthly Take-Home
Take-home = (Gross − Tax) / 12. Does not include PF deduction or professional tax.
🟢 New Regime Slabs — FY 2025-26
| Income Range | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
✅ 87A Rebate: ZERO tax if net taxable income ≤ ₹12 lakh
Standard deduction: ₹75,000 for salaried. + 4% Health & Education Cess.
🔵 Old Regime Slabs — FY 2025-26
| Income Range | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
✅ 87A Rebate: ZERO tax if net taxable income ≤ ₹5 lakh
Standard deduction: ₹50,000 for salaried. Allows 80C, 80D, HRA, 24(b), NPS. + 4% Cess.
Income Tax FAQs — FY 2025-26
It depends on your deductions. The New Regime is better if your total deductions (80C + 80D + HRA + home loan interest) are less than ~₹4–5 lakh. The Old Regime is better if you have maximum deductions (₹1.5L in 80C, ₹25K in 80D, ₹2L home loan interest, ₹50K NPS) and a salary above ₹10 lakh. Use this calculator to find your exact answer — it's different for every person.
Yes — for salaried individuals in the New Regime: ₹75,000 standard deduction brings ₹12.75L gross salary to ₹12L taxable income. Section 87A rebate waives tax on taxable income up to ₹12L. So a salaried person with up to ~₹12.75L gross salary pays ZERO income tax under the New Regime in FY 2025-26. Budget 2025 raised this limit from the earlier ₹7L threshold.
Salaried employees can switch between regimes every financial year by declaring their choice to their employer at the start of the year. However, taxpayers with business income can only switch once from New to Old and cannot switch back easily. If you don't make any declaration, the default is the New Regime from FY 2024-25 onwards.
For salaried employees: ₹75,000 under the New Regime and ₹50,000 under the Old Regime. The standard deduction is available to all salaried employees and pensioners automatically — no proof required. Budget 2024 increased it from ₹50,000 to ₹75,000 for the New Regime.
Yes. Surcharge applies on income above ₹50 lakh: 10% surcharge on ₹50L–₹1Cr; 15% on ₹1Cr–₹2Cr; 25% on ₹2Cr–₹5Cr (New Regime max); 37% on above ₹5Cr (Old Regime only — New Regime caps at 25%). This calculator covers most salaried employees under ₹50L. If your income is above this, consult a CA for the exact surcharge computation.
Also check your net worth while you're here
Know your income tax, now know your total financial picture — assets, liabilities, and net worth.