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Income Tax Calculator
FY 2025-26Calculate your total tax liability under Old and New tax regimes.
How income tax works for FY 2025-26 (AY 2026-27)
Under the new regime — section 115BAC(1A), the default for individuals — tax is charged band by band. You pay each rate only on the slice of income inside that band, never on the whole amount.
New regime slab rates
| Net taxable income | Rate |
|---|---|
| ₹0 – ₹4,00,000 | 0% |
| ₹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% |
A standard deduction of ₹75,000 applies to salary income, and health and education cess of 4% is added to the tax. A resident individual with taxable income up to ₹12,00,000 gets a section 87A rebate of up to ₹60,000.
Worked examples
Tax on a ₹12,00,000 salary
- 1. Gross salary₹12,00,000
- 2. Less standard deduction− ₹75,000
- 3. Taxable income₹11,25,000
- 4. Tax at 5% on ₹4,00,000₹20,000
- 4. Tax at 10% on ₹3,25,000₹32,500
- 5. Tax before rebate₹52,500
- 6. Less section 87A rebate− ₹52,500
- 8. Plus health and education cess at 4%₹0
- Total tax payable₹0
The section 87A rebate covers the whole bill, so nothing is payable.
Tax on a ₹13,00,000 salary
- 1. Gross salary₹13,00,000
- 2. Less standard deduction− ₹75,000
- 3. Taxable income₹12,25,000
- 4. Tax at 5% on ₹4,00,000₹20,000
- 4. Tax at 10% on ₹4,00,000₹40,000
- 4. Tax at 15% on ₹25,000₹3,750
- 5. Tax before rebate₹63,750
- 6. Less 87A marginal relief− ₹38,750
- 8. Plus health and education cess at 4%₹1,000
- Total tax payable₹26,000
Past ₹12,00,000 the rebate stops, but marginal relief caps the tax at the amount by which taxable income exceeds the threshold — so the extra ₹1,00,000 does not trigger a jump to the full slab tax.
Tax on a ₹50,00,100 salary
- 1. Gross salary₹50,00,100
- 2. Less standard deduction− ₹75,000
- 3. Taxable income₹49,25,100
- 4. Tax at 5% on ₹4,00,000₹20,000
- 4. Tax at 10% on ₹4,00,000₹40,000
- 4. Tax at 15% on ₹4,00,000₹60,000
- 4. Tax at 20% on ₹4,00,000₹80,000
- 4. Tax at 25% on ₹4,00,000₹1,00,000
- 4. Tax at 30% on ₹25,25,100₹7,57,530
- 5. Tax before rebate₹10,57,530
- 8. Plus health and education cess at 4%₹42,301
- Total tax payable₹10,99,831
Surcharge starts once taxable income passes ₹50,00,000. A separate marginal-relief rule applies here too, capping the surcharge so ₹100 of extra salary can't cost more than ₹100 in extra tax.
What this estimate covers
Salary and other income taxed at slab rates, for a resident individual under the new regime, including surcharge above ₹50,00,000 and its marginal relief. Capital gains and other special-rate income are taxed separately and are not included — those carry their own, lower surcharge cap of 15%, which this page does not calculate.
Rates as published by the Income Tax Department for FY 2025-26 (AY 2026-27). Last reviewed 11 August 2026. Income Tax Department rate tables.
This is an indicative estimate, not tax advice. Your filing position depends on facts this page does not capture.
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