Table of Contents
Income Tax Calculator FY 2025-26 Free Excel Download
It calculates tax for Individuals on income from,
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Income From Salary
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Pension Income
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Family Pension
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Self-Occupied House Property
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Let-out House Property
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Income from Other Sources (Interest, Dividends etc..)
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HRA Calculator
Default Tax Regime : From FY 2023-24, the default tax regime is the New Regime.
Dedications for Investments under Sec. 80 : It is not available under the new regime. New regime discourages the investments made for deductions.
Only the deductions below are available under the new regime.
- Sec. 80CCD – Employer contribution to NPS notified by the Central Government. (1st it is added to salary & deducted here) (Under both regimes).
- Sec. 80CCH – All contributions to Agniveer Corpus Fund without limit (Under both regimes).
Income Tax Slabs FY 2025-26 :
| New Regime – Income Tax slabs FY 2025-26 | |
| Slabs | Tax rate |
| up to ₹ 4,00,000 | – |
| ₹ 4,00,001 to 8,00,000 | 5% |
| ₹ 8,00,001 to 12,00,000 | 10% |
| ₹ 12,00,001 to 16,00,000 | 15% |
| ₹ 16,00,001 to 20,00,000 | 20% |
| ₹ 20,00,001 to 24,00,000 | 25% |
| ₹ 24,00,000 and above | 30% |
| Old Regime – Income Tax slabs FY 2025-26 | |||||||
| General public (Age is less than 60 years) |
Senior Citizen (Age is between 60-80 years) |
Very Senior Citizen (Age is more than 80 years) |
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| Income Slab | Rate | Income Slab | Rate | Income Slab | Rate | ||
| Up to ₹ 2.5 lakhs | Nil | Up to ₹ 3 lakhs | Nil | Up to ₹ 5 lakhs | Nil | ||
| ₹ 2.5 to 5 Lakhs | 5% | ₹ 3 to 5 Lakhs | 5% | – | – | ||
| ₹ 5 to 10 Lakhs | 20% | ₹ 5 to 10 Lakhs | 20% | ₹ 5 to 10 Lakhs | 20% | ||
| Above ₹ 10 lakhs | 30% | Above ₹ 10 lakhs | 30% | Above ₹ 10 lakhs | 30% | ||
Rebate and Relief u/s 87A FY 2025-26
| FY 2025-26 | Old Tax Regime | Rebate | Having taxable income less than Rs. 5,00,000/- | Equal to income tax payable on Rs. 5,00,000
Or Rs. 12,500 Whichever is less |
| FY 2025-26 | New Tax Regime | Rebate | Having taxable income less than Rs. 12,00,000/- | Equal to income tax payable on Rs. 12,00,000
Or Rs. 60,000 Whichever is less |
| FY 2025-26 | New Tax Regime | Relief | If taxable income exceeds Rs. 12,00,000/-. | Step 1 : Tax on total taxable income
Step 2 : A-B below Relief = Step 1 – Step 2 This Income Tax Calculator FY 2025-26 will calculate this automatically. |
Health and Education Cess @ 4% on Tax + Surcharge at applicable rates will be calculated by this Income Tax Calculator FY 2025-26.
Download Income Tax Calculator FY 2025-26
Please click here for the article on Salary Structure. Click here to read about how to negotiate the Salary.
Please click here to go to the Income Tax site for all other information and filing of returns.
