India Income Tax Calculator

Personal details

Budget 2025: New regime Sec 87A rebate raised to Rs.60,000 – income up to Rs.12 lakh is fully tax-free. Salaried employees also get Rs.75,000 standard deduction, making up to Rs.12.75 lakh effectively tax-free.

Financial year

Age category

Residential status

Gender Tax slabs are gender-neutral in India

Select tax regime

New Tax Regime Default · Lower rates · Fewer deductions

Old Tax Regime Optional · Higher rates · More deductions

Compare Both Calculate side-by-side

New regime is default from FY 2023-24. Salaried employees can switch every year. Business owners can switch only once.

Income details (Rs.)

Salary & employment income

Basic salary – annual (Rs.)

HRA received – annual (Rs.) Exemption calculated automatically (old regime)

Dearness Allowance – DA (Rs.)

Other taxable allowances (Rs.) Special allowance, bonus, LTA taxable portion, etc.

EPF employee contribution (Rs.) 12% of basic – counts toward Sec.80C (old regime only)

NPS employer contribution Sec.80CCD(2) (Rs.) Up to 14% of basic+DA – deductible in BOTH regimes

Other income sources

Business / professional income (Rs.)

Rental income – gross annual (Rs.) 30% standard deduction on net annual value auto-applied

Interest income – savings / FD / bonds (Rs.)

Dividend income (Rs.)

Short-term capital gains Sec.111A – equity (Rs.) Listed equity / equity MF held 12 months or less – taxed at 20%

Long-term capital gains Sec.112A – equity (Rs.) Listed equity / equity MF more than 12 months – 12.5% above Rs.1.25L exempt

Other capital gains (property / debt) (Rs.) STCG at slab rates; LTCG at 12.5% without indexation

Other income (gifts, prizes, etc.) (Rs.)

Exemptions & deductions

Items marked [Both] are available in both regimes. All others apply to old regime only.

HRA exemption – old regime only

Actual rent paid – annual (Rs.)

City

Exempt = min of: HRA received, rent minus 10% basic, 50%/40% basic+DA. 8 cities at 50% from FY 2026-27.

Sec.80C / 80CCC / 80CCD(1) – combined cap Rs.1,50,000 – old regime

Sec.80C investments (PPF/ELSS/LIC/NSC/tuition) (Rs.) Max Rs.1,50,000 combined including EPF + home loan principal

NPS own contribution Sec.80CCD(1B) – extra Rs.50,000 (Rs.) Over and above Rs.1.5L Sec.80C cap – old regime only

Sec.80D – health insurance – old regime

Health insurance – self, spouse & children (Rs.) Max Rs.25,000 (Rs.50,000 if self/spouse is senior citizen)

Health insurance – parents (Rs.) Max Rs.25,000 (Rs.50,000 if parents are senior citizens)

Home loan deductions – old regime

Home loan interest – Sec.24(b) (Rs.) Max Rs.2,00,000 self-occupied; no limit for let-out property

Home loan principal repayment – Sec.80C (Rs.) Included within the Rs.1,50,000 Sec.80C cap above

Other deductions – old regime

Education loan interest – Sec.80E (Rs.) No upper limit; higher education loans only

Donations – Sec.80G (Rs.) 50% or 100% depending on institution (50% applied here)

Savings account interest – Sec.80TTA / Sec.80TTB (Rs.) Max Rs.10,000 general / Rs.50,000 senior citizens (Sec.80TTB)

Other – Sec.80DD / Sec.80DDB / Sec.80U (Rs.) Disability, medical treatment of dependent, self-disability

Deductions available in BOTH regimes

[Both] Other eligible deductions (Rs.)

Tax already paid

TDS deducted by employer / bank (Rs.) From Form 16 / Form 26AS

Advance tax paid (Rs.)

Self-assessment tax paid (Rs.)

TCS collected / other tax credits (Rs.)

Sources: Income Tax Act 1961 · Union Budget 2025 (Finance Act 2025) · CBDT · Income Tax Rules 2026 (effective April 1, 2026)
Sections 87A, 115BAC, 80C, 80D, 80CCD, 24(b), 111A, 112A · Health & Education Cess @ 4%
HRA metro city list expanded to 8 cities from FY 2026-27 per Income Tax Rules 2026.
For planning purposes only – not tax advice. Consult a qualified CA or tax advisor for actual ITR filing.

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