Income Tax Calculator
Estimate your tax liability under the new tax regime for FY 2025-26 (AY 2026-27), including the standard deduction and Section 87A rebate.
Income details
Tax payable
New regime slabs — FY 2025-26 (AY 2026-27)
A standard deduction of ₹75,000 applies to salary income. Taxable income up to ₹12,00,000 gets a Section 87A rebate of up to ₹60,000, bringing net tax to zero — which is why a salaried person earning up to about ₹12.75 lakh typically pays no tax at all. A 4% health and education cess applies on top of the final tax.
Frequently asked
Is income up to ₹12 lakh really tax-free?
Under the new regime for FY 2025-26, yes — the Section 87A rebate cancels out tax on taxable income up to ₹12 lakh. With the ₹75,000 standard deduction, a salaried person can earn up to about ₹12.75 lakh gross and still owe nothing.
Does the rebate apply to capital gains?
No. It applies only to income taxed at normal slab rates — capital gains and other special-rate income are taxed separately and don't get the 87A rebate.
What about the old tax regime?
This calculator uses the new regime, which is the default from FY 2023-24 onward. The old regime (with HRA, 80C and other deductions) can still work out better for some taxpayers with large eligible deductions — compare both before deciding.
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This is a simplified estimate for the new tax regime only and is not tax advice. Confirm your final liability with a tax professional or the official income tax e-filing portal.