Tax Calculator
Compare your tax liability between FY 2024-25 and FY 2025-26 tax regimes
FY 2024-25 Tax Calculation
FY 2025-26 Tax Calculation
Your Tax Savings
By switching to FY 2025-26 regime, you will save ₹0
Tax Regime Comparison
FY 2024-25
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 3,00,000 | Nil |
| 3,00,001 - 6,00,000 | 5% |
| 6,00,001 - 9,00,000 | 10% |
| 9,00,001 - 12,00,000 | 15% |
| 12,00,001 - 15,00,000 | 20% |
| Above 15,00,000 | 30% |
Key Features
- ✓ Standard Deduction: ₹50,000
- ✓ Tax Rebate up to ₹7,00,000 income
- ✗ No marginal relief provision
FY 2025-26
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 4,00,000 | Nil |
| 4,00,001 - 8,00,000 | 5% |
| 8,00,001 - 12,00,000 | 10% |
| 12,00,001 - 16,00,000 | 15% |
| 16,00,001 - 20,00,000 | 20% |
| 20,00,001 - 24,00,000 | 25% |
| Above 24,00,000 | 30% |
Key Features
- ✓ Standard Deduction: ₹75,000
- ✓ Tax Rebate up to ₹12,00,000 income
- ✓ Marginal Relief between ₹12L - ₹12.75L
- ✓ Maximum tax-free income: ₹12,75,000
Key Changes in FY 2025-26
Frequently Asked Questions
What are the major changes in FY 2025-26 tax regime?
Key changes include increased basic exemption limit (₹4L), higher standard deduction (₹75,000), new tax slab of 25%, increased rebate limit (₹12L), and introduction of marginal relief for income between ₹12L-₹12.75L.
What is Standard Deduction?
Standard Deduction is a flat amount that can be deducted from your income before calculating tax. It's ₹50,000 in FY 2024-25 and increased to ₹75,000 in FY 2025-26. This deduction is available to all taxpayers under the new tax regime.
What is Tax Rebate and who can claim it?
Tax Rebate under section 87A is available if your taxable income is below ₹7 lakh in FY 2024-25 or ₹12 lakh in FY 2025-26. If eligible, you don't need to pay any tax. This is different from tax exemption as it's applied after calculating tax.
What is Marginal Relief and how does it work?
Marginal Relief in FY 2025-26 applies to income between ₹12L-₹12.75L. It ensures that the increase in tax liability isn't more than the increase in income beyond ₹12L. This prevents a sharp jump in tax liability just above the rebate limit.
What is Health and Education Cess?
Health and Education Cess is an additional charge of 4% on your total tax liability. It's used to fund education and health initiatives. For example, if your tax is ₹100,000, you'll pay an additional ₹4,000 as cess.
How do I know which tax regime is better for me?
Compare your tax liability under both regimes using this calculator. Generally, the FY 2025-26 regime is beneficial if you have taxable income up to ₹12L or don't claim many deductions. For a personalized assessment, consult a tax professional.