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Income tax calculator (new regime)

Estimate your income tax under the new regime for FY 2025-26, with your effective and marginal rates.

FY 2025-26 Effective rate

Your details

₹
New regime FY 2025-26: slabs from 5% to 30%, standard deduction ₹75,000 for salaried, Section 87A rebate (nil tax up to ₹12L taxable) and 4% cess. Does not include the old regime or chapter VI-A deductions.
Income tax payable
₹97,500
Effective rate 6.5% · marginal slab 15%
Gross income
₹15,00,000
Taxable income
₹14,25,000
Marginal slab
15%
Tax payable (incl. cess)
₹97,500
How it works

Why tax isn't a flat percentage

Income tax is progressive: only the income within each slab is taxed at that slab's rate. The new regime offers lower rates but fewer deductions. The standard deduction (₹75,000 for salaried) and the Section 87A rebate keep tax nil up to ₹12 lakh taxable income, and a 4% cess applies on top.

FAQ

Common questions

FY 2025-26: nil up to ₹4L, 5% to ₹8L, 10% to ₹12L, 15% to ₹16L, 20% to ₹20L, 25% to ₹24L and 30% above ₹24L, plus 4% cess.
A rebate of up to ₹60,000 that makes tax nil for taxable income up to ₹12 lakh under the new regime.
This uses the new regime, which is now the default. The old regime allows more deductions (80C, HRA, etc.) and can be better for some.
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