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Financial Year

Age Category

Tax Regime

Total Gross Income ₹0

Gross Salary Income (₹)

Basic + DA + HRA + allowances before deductions

Annual Income from Other Sources (₹)

Freelance, business income, capital gains taxed at slab rates, etc.

Annual Income from Interest (₹)

FD interest, savings account interest, bonds. Old regime: 80TTA (up to ₹10K) or 80TTB for seniors (up to ₹50K) auto-applied.

Annual Gross Rent from Let-out Property (₹)

Gross annual rent received. A 30% standard deduction (Sec 24a) is auto-applied in old regime.

Annual Interest on Home Loan – Self-occupied (₹)

Deductible up to ₹2,00,000 in old regime (Sec 24b). Not allowed in new regime.

Annual Interest on Home Loan – Let-out (₹)

Full interest deductible against rental income (no cap, Sec 24b). Net loss set-off capped at ₹2L (Sec 71). Old regime only.

New Regime Deductions

80CCD(2) – Employer NPS Contribution (₹)

Employer's NPS contribution — up to 14% of Basic + DA (Sec 80CCD(2)). Enter your Basic salary in the HRA section below for an accurate cap. Allowed in new regime.

80CCH – Agniveer Corpus Amount (₹)

Deduction for Agniveer Corpus Fund contributions. Allowed in new regime.

Family Pension Standard Deduction (₹)

Lower of ₹25,000 or 1/3rd of family pension received (Budget 2024: raised from ₹15K to ₹25K).

Old Regime Deductions

Standard Deduction (₹) ₹50,000

Max ₹50,000 for salaried/pensioners under old regime (Sec 16(ia)). Only applicable if salary income > ₹0.

80C – PPF / ELSS / LIC etc. (₹) ₹0

Max ₹1,50,000 under Sec 80C (PPF, ELSS, LIC, NSC, 5-yr FD, ELSS, home loan principal).

80D – Health Insurance Premium (₹) ₹0

Below 60: self+family ₹25K + senior parents ₹50K = max ₹75,000.
Senior taxpayer (60+): self ₹50K + senior parents ₹50K = max ₹1,00,000.

80CCD(1B) – NPS Additional (₹) ₹0

Additional deduction up to ₹50,000 for your own NPS contribution (over and above 80C).

Other Deductions (80E, 80G, etc.) (₹) ₹0

Education loan interest (80E), donations (80G), disability (80U), etc.

Tax Summary

Annual Tax Payable Effective Rate

₹ 0 /year

Monthly Tax

—

Set aside per month

Effective Rate

—

On gross income

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Gross Income

₹0

Total Deductions

₹0

Taxable Income

₹0

Income Tax

₹0

Surcharge

₹0

H&E Cess (4%)

₹0

Income Breakdown

In-hand / Net ₹0

Deductions ₹0

Income Tax ₹0

Cess + Surcharge ₹0

Tax Slab Breakdown

Income Slab / Item	Rate	Taxable Amount	Tax

New vs Old Regime Comparison

Smart Tax Insights

Disclaimer: This calculator provides estimates based on announced tax slabs for FY 2025-26 (Budget 2025). The new tax regime is the default from FY 2024-25. Old regime surcharge of 37% applies for income above ₹5 Crore. 80TTA/80TTB interest deductions are auto-computed from interest income in old regime. Consult a qualified chartered accountant for personalised advice. Tax laws may change via Budget notifications or CBDT circulars.

New Tax Regime Slabs – FY 2025-26 (Budget 2025)

The new tax regime (default from FY 2024-25) offers lower rates but limited deductions. Income up to ₹12 lakh has zero tax liability due to enhanced rebate u/s 87A of ₹60,000. For salaried individuals, the standard deduction of ₹75,000 makes income up to ₹12.75 lakh effectively tax-free. Surcharge is capped at 25% under the new regime.

Income Slab	Tax Rate
Up to ₹4,00,000	Nil
₹4,00,001 – ₹8,00,000	5%
₹8,00,001 – ₹12,00,000	10%
₹12,00,001 – ₹16,00,000	15%
₹16,00,001 – ₹20,00,000	20%
₹20,00,001 – ₹24,00,000	25%
Above ₹24,00,000	30%

Old Tax Regime Slabs – FY 2025-26

The old regime allows deductions u/s 80C, 80D, HRA, home loan interest (Sec 24b), 80TTA/80TTB and many more. Standard deduction is ₹50,000. Rebate u/s 87A applies for taxable income up to ₹5 lakh (rebate ₹12,500). Surcharge of 37% applies for income above ₹5 Crore under old regime.

Income Slab	Rate (Below 60)
Up to ₹2,50,000	Nil
₹2,50,001 – ₹5,00,000	5%
₹5,00,001 – ₹10,00,000	20%
Above ₹10,00,000	30%

Income Tax Calculator

New Tax Regime Slabs – FY 2025-26 (Budget 2025)

Old Tax Regime Slabs – FY 2025-26