Income Tax Calculator FY 2025-26 (New Regime)

Enter your annual income to see the exact tax under the new regime slabs announced in Budget 2025 — including the ₹60,000 rebate, marginal relief, surcharge and cess.

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How to use the Income Tax Calculator FY 2025-26 (New Regime)

Enter your gross annual income before any deduction.
Choose salaried if you earn salary or pension — the ₹75,000 standard deduction is applied automatically.
Add any employer NPS contribution (80CCD(2)); it is the main deduction still allowed in the new regime.
Read the total tax, the rebate applied and the monthly TDS your employer should deduct.

Formula used

Taxable income = Gross income − ₹75,000 standard deduction (salaried) − employer NPS (80CCD(2)).

Slabs FY 2025-26: 0–4L nil · 4–8L 5% · 8–12L 10% · 12–16L 15% · 16–20L 20% · 20–24L 25% · above 24L 30%.

Rebate 87A: full tax (max ₹60,000) if taxable income ≤ ₹12L. Above ₹12L, marginal relief caps tax at taxable income − ₹12,00,000.

Surcharge: 10% above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (with marginal relief). Cess: 4% on tax + surcharge.

Income Tax Calculator FY 2025-26 (New Regime) — FAQs

Is income up to ₹12 lakh tax-free in FY 2025-26?▾

Yes, under the new regime. Tax on ₹12 lakh is ₹60,000, and the section 87A rebate of up to ₹60,000 cancels it. For salaried people the ₹75,000 standard deduction pushes the tax-free limit to ₹12.75 lakh of gross salary.

What is marginal relief above ₹12 lakh?▾

If your taxable income is slightly above ₹12 lakh, the tax you pay cannot exceed the amount by which your income exceeds ₹12 lakh. For example, at ₹12.1 lakh the tax is limited to ₹10,000 plus cess instead of ₹61,500.

Which deductions are allowed in the new regime?▾

The standard deduction of ₹75,000 for salaried employees and pensioners, employer contribution to NPS under 80CCD(2) and a few others such as the family pension deduction. Deductions like 80C, 80D and HRA exemption are not allowed.

Does the 87A rebate apply to capital gains?▾

No. The rebate is not available against tax on special-rate income such as short-term capital gains under section 111A or long-term capital gains under 112A. This calculator covers income taxed at normal slab rates.

Is the new regime the default?▾

Yes. From FY 2023-24 the new regime is the default. Taxpayers can still opt for the old regime if it gives lower tax.

How to use the Income Tax Calculator FY 2025-26 (New Regime)

Formula used

Income Tax Calculator FY 2025-26 (New Regime) — FAQs

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