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Income Tax Calculator
FY 2025-26Calculate your total tax liability under Old and New tax regimes.
What this income tax calculator is for
TaxNext's income tax calculator works out tax payable under the new regime — section 115BAC(1A), the default for individuals — for salaried employees, freelancers and anyone else filing as an individual. Tax is charged band by band: you pay each rate only on the slice of income inside that band, never on the whole amount.
- • Calculate total tax payable, including the 87A rebate and marginal relief
- • See surcharge and its marginal relief for income above ₹50,00,000
- • Check the current slab rates for FY 2025-26 (AY 2026-27)
New regime slab rates
| Net taxable income | Rate |
|---|---|
| ₹0 – ₹4,00,000 |
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.
Reviewed by VNAV & Associates, Chartered Accountants. Last updated: August 2026.
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