Please enter a valid annual income
Salaried / Pensioner
Adds ₹75,000 standard deduction
Estimated Tax Payable
₹0
₹0Taxable Income
₹0Health & Edu. Cess (4%)
| Slab | Rate | Tax |
|---|
⚠️ This calculator estimates tax under the New Tax Regime (default regime) for FY 2025-26 (AY 2026-27) only. It does not account for surcharge on very high incomes, capital gains, or old-regime deductions like 80C/HRA. Consult a tax professional for filing.
New Tax Regime Slabs — FY 2025-26
Applicable for AY 2026-27, all age groups
1
₹0 - ₹4L: Nil
₹4L - ₹8L: 5% · ₹8L - ₹12L: 10%
2
₹12L - ₹16L: 15%
₹16L - ₹20L: 20% · ₹20L - ₹24L: 25%
3
Above ₹24L: 30%
Rebate makes income up to ₹12L (₹12.75L salaried) tax-free
Frequently Asked Questions
Common questions about income tax in India
Is this calculator using the latest tax slabs? ▼
Yes, this calculator uses the New Tax Regime slabs for FY 2025-26 (AY 2026-27): 0-4L nil, 4-8L at 5%, 8-12L at 10%, 12-16L at 15%, 16-20L at 20%, 20-24L at 25%, and above 24L at 30%.
Is income up to ₹12 lakh really tax-free? ▼
Yes, under Section 87A, taxpayers with taxable income up to ₹12 lakh get a rebate that brings their tax liability to zero. Salaried individuals get this benefit up to ₹12.75 lakh after the ₹75,000 standard deduction.
What is the standard deduction? ▼
Salaried individuals and pensioners get a flat ₹75,000 standard deduction from gross income under the new tax regime, reducing their taxable income before slab rates are applied.
Does this calculator support the old tax regime? ▼
No, this version calculates tax only under the New Tax Regime, which is the default regime for most taxpayers. The old regime involves many deductions (80C, HRA, etc.) that vary case-by-case.
Is this official tax advice? ▼
No. This tool provides an estimate for informational purposes only. For actual tax filing, please consult a qualified chartered accountant or tax professional.
Free Income Tax Calculator for FY 2025-26 (New Regime)
FileMagic Pro's Income Tax Calculator helps you quickly estimate your tax liability under India's New Tax Regime for FY 2025-26 (AY 2026-27). Enter your annual income, indicate if you're salaried, and instantly see your taxable income, slab-wise tax breakup, applicable cess, and final tax payable.
How Is Tax Calculated Under the New Regime?
Tax is calculated progressively across income slabs — each portion of your income is taxed at the rate for that slab, not your entire income at the highest applicable rate. A Section 87A rebate then makes the final tax zero for taxable income up to ₹12 lakh, and a 4% health and education cess is added on top of the computed tax.