Online Tax Calculator
Income Tax Calculator FY 2025-26
Our free income tax calculator helps you calculate your tax liability for FY 2025-26 and AY 2026-27. Compare old vs new tax regime, calculate tax with deductions and exemptions, and determine which regime saves you more tax. This online tax calculator provides accurate calculations for salary income, other income sources, and all eligible deductions under various sections like 80C, 80D, and more.
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Income from Other Sources
Exemptions & Deductions (Old Regime Only)
Tax Calculation Results
Both Tax Regimes Have Equal Tax
Both old and new tax regimes result in the same tax amount. You can choose either regime.
| Tax Components | Old Tax Regime | New Tax Regime |
|---|---|---|
| Total Gross Income | ₹0 | ₹0 |
| Total Eligible Deductions | ₹0 | ₹0 |
| Taxable Income | ₹0 | ₹0 |
| Tax on Taxable Income | ₹0 | ₹0 |
| Rebate Under Section 87A | -₹0 | -₹0 |
| Total Tax on Income | ₹0 | ₹0 |
| Surcharge | ₹0 | ₹0 |
| Health and Education Cess (4%) | ₹0 | ₹0 |
| Total Tax to be Paid | ₹0 | ₹0 |
Step-by-Step Guide
How to use the income tax calculator?
Use our free online tax calculator to calculate your income tax liability for FY 2025-26. Compare old vs new tax regime and determine which one saves you more tax in 4 simple steps:
Enter Your Income Details
Input your yearly salary and select your age group to determine applicable tax slabs. Add income from other sources like bank interest, rental income, and any additional income. Our online tax calculator uses these details for accurate tax computation with automatic rental income deductions.
Add Deductions & Exemptions
Enter your eligible deductions under various sections like 80C (investments up to ₹1.5L), 80D (medical insurance), HRA exemption, and housing loan interest (up to ₹2L). These deductions apply only to the old tax regime and help reduce your taxable income significantly.
Compare Tax Regimes
Our income tax calculator automatically compares old vs new tax regime calculations. Old regime offers multiple deductions with higher tax rates, while new regime has lower tax rates (0% up to ₹4L) but limited deductions. The calculator recommends the regime that saves you more tax.
Get Detailed Tax Breakdown
View comprehensive tax calculation results showing gross income, deductions, taxable income, tax liability, rebate under Section 87A, surcharge, cess, and final tax amount for both regimes. Our online tax calculator provides complete transparency with savings comparison and detailed formula breakdown.
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Frequently asked questions
Visit our full FAQ page or get in touch with Frederic, our Customer Support Officer and Founder of PayrollRabbit.
- An income tax calculator is a free online tool that helps you calculate your tax liability for the current financial year. Our income tax calculator computes tax under both old and new tax regimes, compares deductions and exemptions, and determines which regime saves you more tax for accurate tax planning.
- Yes, our online tax calculator is completely free to use. You can perform unlimited income tax calculations for FY 2025-26 without any charges. This income tax calculator helps individuals plan their taxes with accurate projections comparing old vs new tax regime benefits.
- Income tax calculation involves computing gross income, subtracting eligible deductions and exemptions, applying tax slabs, adding surcharge and cess. Our calculator uses current tax slabs for FY 2025-26: Old regime (₹2.5L exemption, multiple deductions) vs New regime (₹4L exemption, minimal deductions, lower rates).
- Old tax regime allows multiple deductions (80C, 80D, HRA) with higher tax rates, while new tax regime offers lower tax rates but limited deductions (only ₹75K standard deduction). Our income tax calculator compares both regimes automatically to help you choose the option that minimizes your tax liability.
- Old tax regime offers deductions under Section 80C (₹1.5L), 80D (medical insurance), 80E (education loan), 80EEA (affordable housing ₹1.5L), 80EEB (electric vehicle ₹1.5L), HRA exemption, housing loan interest (₹2L limit), standard deduction (₹50K). Our calculator includes all these deductions with proper limits.
- FY 2025-26 tax slabs: Old regime - 0% up to ₹2.5L, 5% (₹2.5L-₹5L), 20% (₹5L-₹10L), 30% (above ₹10L). New regime - 0% up to ₹4L, 5% (₹4L-₹8L), 10% (₹8L-₹12L), 15% (₹12L-₹16L), 20% (₹16L-₹20L), 25% (₹20L-₹24L), 30% (above ₹24L). Senior citizens have higher exemption limits.
What is an income tax calculator?
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How does the income tax calculation work?
What is the difference between old and new tax regime?
Which deductions are available in the old tax regime?
What are the tax slabs for FY 2025-26?
Disclaimer: We have taken great care and gave our best effort to ensure the accuracy of the information provided by this Income Tax Calculator. However, PayrollRabbit does not accept responsibility for any errors or omissions and makes no guarantees or warranties regarding the correctness of the results generated by this free tool. By using this tool, you agree not to hold PayrollRabbit liable for any consequences, issues, or damages arising from any inaccuracies in the results produced. We recommend double-checking all results and contact us if you have any questions, feedback or concerns.