Income Tax Calculator India — FY 2025-26 | New & Old Regime Tax Estimator

How to read your results of Income Tax Calculator India — FY 2025-26

This calculator shows a band-wise estimate for FY 2025-26: taxable income after regime-specific deductions, tax before surcharge & cess, surcharge amount (if any) and Health & Education Cess (4%). Effective tax rate is shown as a quick guide on total gross income.

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Key assumptions applied

• New Regime
  • Standard deduction ₹75,000 (applies if Salaried is checked).
  • Section 24 interest (house-loan interest) and Section 80 benefits (80C/80D) are not applied by default.
  • Let-out property: 30% standard deduction on annual value is applied; interest on housing loan is not allowed under the default New Regime implementation.
• Old Regime
  • Standard deduction ₹50,000 (applies if Salaried is checked).
  • Section 24 interest on house loans is allowed. Self-occupied interest is auto-capped at ₹2,00,000.
  • Let-out property: 30% standard deduction applies and interest is allowed fully.
  • Section 80C is capped at ₹1,50,000; 80D is accepted as entered.
• Surcharge & Cess
  • Surcharge applied on tax where applicable (based on total income); Health & Education Cess 4% applied on tax + surcharge.
• Scope
  • This is an estimator for common personal cases. Complex items (capital gains, foreign income, AMT, special-rate incomes, corporate/partnership rules) are out of scope.

Disclaimer: This calculator provides estimates only and is not tax advice. For filing, consult a qualified tax professional or the Income Tax Department.

Frequently asked questions (FAQ)

Q1 — Which regime should I choose — New or Old?
Use this calculator to compare both. The New Regime is simpler but disallows many deductions (80C/80D/Section 24). If you have large 80C/80D claims or house-loan interest to claim, the Old Regime may be beneficial. Compare total tax under both regimes before deciding.

Q2 — Does this calculator include the Budget-2025 rebate (taxable ≤ ₹12,00,000 → nil)?
Yes — there is an option to apply the Budget-2025 rebate for the New Regime. Toggle it on to treat taxable income ≤ ₹12,00,000 as zero tax under the New Regime.

Q3 — How does house property treatment work?
Self-occupied property: Old Regime allows Section-24 interest (auto-capped at ₹2,00,000). New Regime disallows Section-24 interest by default. Let-out: both regimes apply a 30% standard deduction on annual value; interest on loan is allowed in Old Regime but not in the default New Regime implementation.

Q4 — Are 80C and 80D deductions applied?
80C (max ₹1,50,000) and 80D are applied only for the Old Regime. The New Regime calculator does not apply these deductions by default.

Q5 — Does the calculator consider surcharge and cess?
Yes — surcharge is calculated on tax (based on total income) and 4% Health & Education Cess is added on tax + surcharge.

Q6 — Can I use the result to file my return?
No — use this as an estimate. For final return filing, reconcile with Form-16, interest certificates, and consult your CA. This calculator does not handle capital gains, foreign income, or corporate/partnership tax rules.

Q7 — How accurate is the self-occupied interest cap?
The calculator auto-caps self-occupied interest at ₹2,00,000 under the Old Regime (typical statutory cap). For co-ownership, pre-construction interest, or apportionment rules, consult a tax professional.