Income Tax Calculator
Calculate income tax for FY 2025-26 (AY 2026-27) under both New and Old regimes.
Your details
₹15.00 L
Tax regime
Regime comparison
New Regime
₹97,500
Effective: 6.50%
✓ Better for youOld Regime
₹2,10,600
Effective: 14.04%
New regime saves you ₹1,13,100 vs old.
Total tax payable (New Tax Regime)
₹97,500
FY 2025-26 • Effective 6.50%
- Gross income
- ₹15,00,000
- Standard deduction
- − ₹75,000
- Taxable income
- ₹14,25,000
- Tax on slabs
- ₹93,750
- Health & education cess (4%)
- ₹3,750
- Take-home
- ₹14,02,500
Slabs, rebate and surcharge are loaded from tax-slabs.json for FY 2025-26. Update that file for future changes.
Income allocation
- Take-home
- Tax
Total: ₹15.00 L
Slab-wise breakup
How the math works
Total tax = slab tax − rebate 87A + surcharge + 4% health & education cess
- Slab tax
- Sum of tax on each income slab
- Rebate 87A
- ₹60,000 (new) / ₹12,500 (old) if income within limit
- Surcharge
- 10–25% for income above ₹50 L
- Cess
- 4% on tax + surcharge
How it works
- 1
Enter your annual gross income.
- 2
Pick the New Regime (default, lower slabs) or Old Regime (allows deductions).
- 3
CalcPe applies the FY 2025-26 slabs, subtracts the 87A rebate where eligible, adds surcharge if applicable and 4% health & education cess.
- 4
You also see a side-by-side comparison to know which regime saves more for you.
A quick walkthrough
Inputs
₹15,00,000 annual income, New Regime, salaried (standard deduction ₹75,000).
Steps
- Taxable income = 15,00,000 − 75,000 = ₹14,25,000
- 0–4L: nil · 4–8L: 5% × 4L = ₹20,000 · 8–12L: 10% × 4L = ₹40,000 · 12–14.25L: 15% × 2.25L = ₹33,750
- Slab tax = ₹93,750 · rebate 87A = 0 (income > ₹12L) · cess = ₹3,750
Result
Total tax ≈ ₹97,500 · take-home ≈ ₹14,02,500 · effective rate 6.5%
Why CalcPe’s Income Tax Calculator FY 2025-26
- Latest FY 2025-26 slabs — including the enhanced ₹12 L rebate under new regime.
- Compare old vs new regime tax side-by-side.
- See slab-wise tax breakdown with rebate, surcharge and cess.
- Zero data collection — your income figures never leave your device.