Income Tax & Salary
Income Tax Calculator
FY 2025-26Quick answer: The FinTax24 Income Tax Calculator estimates tax liability for FY 2025-26 under both the new (default) and old (Section 80C, 80D, HRA, etc.) tax regimes for Resident Individuals, senior citizens and super-senior citizens. It includes standard deduction of ₹75,000, Section 87A rebate (rebate up to ₹12 lakh) and 4% cess — and surfaces monthly take-home, annual take-home and effective tax rate instantly.
Income Tax Calculator
Estimate income tax liability.
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Click Calculate on the left to reveal the breakdown.
Disclaimer: Results are for indicative purposes only and may vary based on actual rates, rules, and policies. Please consult a FinTax24 expert for binding advice.
How to use this calculator
Follow these 5 steps for an accurate result.
- 1
Enter gross salary / income
Type your gross annual salary (or business / professional income) before any deductions.
- 2
Add other income
Include interest, rental, capital gains and other head-wise income for an accurate total.
- 3
Pick a tax regime
Choose between the New (default) regime and the Old regime — the calculator shows both side by side.
- 4
Apply deductions (old regime)
Under the old regime, enter Section 80C, 80D, 80CCD(1B), HRA exemption and home-loan interest to reduce taxable income.
- 5
Read the result
Instant breakdown of tax under both regimes, the cheaper option, monthly take-home and effective tax rate.
Key takeaways
- Compares new (default) regime and old regime side by side so you can pick the lower-tax option.
- Includes Section 87A rebate (full rebate if taxable income is up to ₹12 lakh under the new regime).
- Applies standard deduction of ₹75,000 on salary income under the new tax regime.
- Surfaces monthly take-home, annual take-home and effective tax rate for decision-making.
- Fully indicative — actual TDS depends on employer projection and Form 12BA disclosures.
Frequently asked questions
Quick answers to common questions about income tax calculator.
Which tax regime is better for FY 2025-26?
Most salaried employees with limited deductions save tax under the new (default) regime because of lower slab rates and the higher ₹75,000 standard deduction. The old regime may be cheaper if your Section 80C, 80D, HRA and home-loan interest deductions exceed ₹5-6 lakh. Compare both each year — the calculator gives the answer instantly.
What is the Section 87A rebate for FY 2025-26?
Under the new regime, resident individuals with total taxable income up to ₹12,00,000 pay zero income tax (full rebate up to ₹25,000). Under the old regime, the rebate limit is ₹5,00,000. The new regime’s higher 87A limit is the main reason most salaried taxpayers have switched.
Is the standard deduction ₹75,000 or ₹50,000?
The standard deduction on salary income was raised to ₹75,000 under the new tax regime from FY 2024-25 onwards. The old regime continues with a ₹50,000 standard deduction. The calculator applies the slab-appropriate figure automatically.
How is cess calculated on income tax?
Health & Education Cess of 4% is added on top of the income-tax liability. Example: ₹1,00,000 base tax attracts ₹4,000 cess, making the total ₹1,04,000 payable. The FinTax24 calculator includes cess in its final tax number and the effective-rate calculation.
Does this calculator include surcharge?
Yes — for taxable incomes above ₹50 lakh, surcharge (10% to 25% based on slab) is computed automatically along with the 4% cess on the increased amount. The calculator applies the surcharge rules from Sections 2(11), 2(13) and 2(14) of the Finance Act.
Should I trust the FinTax24 result for return filing?
The result is indicative and assumes the inputs are accurate and complete. For return filing, capital-gains split, foreign-asset disclosures and TDS mismatch handling, consult a FinTax24 expert on WhatsApp before uploading your ITR.
Sources & authority: For regulations on income tax calculator, refer to gst.gov.in, mca.gov.in, incometax.gov.in, rbi.org.in, Income Tax Department, Finance Act, 2025, CBDT e-filing portal.
Last reviewed by: FinTax24 Direct Tax Desk · Reviewed on:
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