NYVO Calculator

Income Tax Calculator FY 2025-26

Your income tax for FY 2026-27 under either regime, with the slab-by-slab working shown — 87A rebate, marginal relief, surcharge and cess included.

Last reviewed: 30 July 2026 · Methodology: India-first (FY 2026-27 · Budget 2024 LTCG).

Annual salary income

₹15,00,000

Other income (interest, rent)

None

The new regime allows a ₹75,000 standard deduction and almost nothing else — no 80C, no 80D, no HRA. That simplicity is the trade for its lower rates. Employer NPS under 80CCD(2) is the notable survivor.

Total tax payable

₹97,500

6.5% of ₹15,00,000 — an effective rate, not your slab rate.

Gross income: ₹15,00,000
Less: deductions: ₹75,000
Taxable income: ₹14,25,000
Tax on slabs: ₹93,750
Health & education cess (4%): ₹3,750
Monthly TDS (approx.): ₹8,125

The old regime would cost ₹1,05,300 more — you are on the cheaper one. Compare both in detail →

How the tax is built up

Slabs are marginal: a higher rate applies only to the income inside that band, never to the whole amount. Earning ₹1 more never leaves you with less.

Income band	Rate	Your income here	Tax
Up to ₹4L	0%	₹4,00,000	₹0
₹4L – ₹8L	5%	₹4,00,000	₹20,000
₹8L – ₹12L	10%	₹4,00,000	₹40,000
₹12L – ₹16L	15%	₹2,25,000	₹33,750
Tax on slabs			₹93,750

Now live

Get the NYVO app

Plan, invest and track your family's money in one place. SEBI-registered.

Get the app

How to use the Income Tax calculator

Calculate income tax for FY 2025-26 (AY 2026-27) under the new or old regime, with the slab-by-slab working shown.

Pick your regimeThe new regime is the default for anyone who has not opted out via Form 10-IEA.
Enter your incomeSalary plus other income. The ₹75,000 standard deduction is applied automatically in the new regime.
Add deductions if on the old regime80C, 80D, HRA exemption and home-loan interest. The new regime ignores these.
Read the workingThe slab table shows how much income sat in each FY 2025-26 band and the tax it attracted.

What changed in FY 2025-26

The year of the big new-regime rewrite. Every band moved: the nil slab rose from ₹3 lakh to ₹4 lakh, two new bands appeared at 25% and a reshaped 15%, and the Section 87A rebate jumped from ₹25,000 on income up to ₹7 lakh to ₹60,000 on income up to ₹12 lakh. That last change is why a salaried taxpayer on ₹12.75 lakh pays nothing.

Income tax slabs for FY 2025-26

These are the new-regime bands for the financial year 2025-26, which you report in assessment year 2026-27. The old regime has been unchanged for those under 60 since FY 2020-21: nil to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above.

Taxable income	Rate
Up to ₹4L	Nil
₹4L – ₹8L	5%
₹8L – ₹12L	10%
₹12L – ₹16L	15%
₹16L – ₹20L	20%
₹20L – ₹24L	25%
Above ₹24L	30%

A worked example at ₹15 lakh taxable

₹15 lakh sits above the Section 87A threshold in every year here, so it is the income where the years genuinely diverge. Under FY 2025-26 rules the slab tax works out band by band as follows.

Band	Rate	Income in band	Tax
Up to ₹4L	Nil	₹4,00,000	₹0
₹4L – ₹8L	5%	₹4,00,000	₹20,000
₹8L – ₹12L	10%	₹4,00,000	₹40,000
₹12L – ₹16L	15%	₹3,00,000	₹45,000

That is ₹1,05,000 of slab tax, before the 4% health and education cess. The calculator above applies the cess, the Section 87A rebate and any surcharge for you.

Section 87A rebate in FY 2025-26

Taxable income up to ₹12,00,000 pays no tax under the new regime, because the rebate of up to ₹60,000 cancels the slab tax. With the ₹75,000 standard deduction, that is a salary of about ₹12,75,000. Just above the threshold, marginal relief caps the tax at the amount by which income exceeds it, so one extra rupee of income can never cost more than a rupee of tax. The old regime rebate is ₹12,500 on taxable income up to ₹5,00,000, with no marginal relief above it.

Other financial years

Source for FY 2025-26: Finance Act 2025 — new regime slabs and revised Section 87A rebate. Verified 2026-08-13.

Frequently asked questions

What are the income tax slabs for FY 2025-26?

Under the new regime for FY 2025-26: nil up to ₹4 lakh, 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh, 30% above ₹24 lakh. The old regime is unchanged: nil to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. Both then attract 4% health and education cess, plus surcharge at higher incomes.

What is the assessment year for FY 2025-26?

AY 2026-27. The financial year is when you earn the income; the assessment year is when you file the return for it. A return for income earned in FY 2025-26 is filed in assessment year 2026-27.

How much income is tax-free in FY 2025-26?

Taxable income up to ₹12,00,000 attracts no tax under the new regime, because the Section 87A rebate of up to ₹60,000 cancels it. Adding the ₹75,000 standard deduction, a salary of roughly ₹12,75,000 carries zero tax.

Can I still file a return for FY 2025-26?

Deadlines depend on the year and on whether you are filing a belated or updated return, and they change. Check the current position on the Income Tax Department portal rather than relying on a calculator page for a filing date.

Which regime should I use for this year?

It depends on your deductions rather than on the year. The new regime has lower rates and almost no deductions; the old regime has higher rates but allows 80C, 80D, HRA and home-loan interest. Broadly, the more deductions you genuinely claim, the more the old regime is worth checking. The old vs new comparison tool runs both on your numbers.

Related tools

Other tax-planning tools you'll likely need this year.

See all calculators