Individuals have the option to file taxes under either the old or new tax regimes, with each offering different regulations and deductions. To accurately calculate your tax liabilities, you can use our income tax calculator, which is a cost-effective alternative to hiring a professional tax consultant. This tool not only helps you understand your tax obligations but also simplifies the process of comparing both regimes.
Explore how the tax calculator works, their benefits, and how they can streamline your tax planning for smarter financial decisions.
Budget 2025 updates:
- No income tax for income upto Rs. 12 Lakhs. This is because of rebate applicable to new regime, which is Rs. 60,000
- Modified slab rates for new regime are as follows for FY 2025-2026 (AY 2026-2027)
Income Tax Slabs | Tax Rate |
Upto Rs. 4,00,000 | NIL |
Rs. 4,00,001 - Rs. 8,00,000 | 5% |
Rs. 8,00,001 - Rs. 12,00,000 | 10% |
Rs. 12,00,001 - Rs. 16,00,000 | 15% |
Rs. 16,00,001 - Rs. 20,00,000 | 20% |
Rs. 20,00,001 - Rs. 24,00,000 | 25% |
Above Rs. 24,00,000 | 30% |
One Scenario of Income Tax Calculation for FY 2025-26
Normal Income
Capital Gain
Tax
Total Tax
Remarks
Salary
Business (F
& O, Intraday)
Other Source
(Dividend)
STCG
LTCG
Normal
STCG
LTCG
₹ 2,00,000
₹ 0
₹ 0
₹ 1,00,000
₹ 1,00,000
₹ 0
₹ 0
₹ 0
₹ 0
Both STCG and
LTCG is from other than Equity (Debt
Mutual Fund Or Real Estate)
₹ 4,00,000
₹ 0
₹ 0
₹ 1,00,000
₹ 1,00,000
₹ 0
₹ 0
₹ 12,500
₹ 12,500
₹ 1,00,000
₹ 0
₹ 0
₹ 2,00,000
₹ 2,00,000
₹ 0
₹ 0
₹ 12,500
₹ 12,500
₹ 12,75,000
₹ 0
₹ 0
₹ 2,00,000
₹ 2,00,000
₹ 60,000
₹ 30,000
₹ 25,000
₹ 1,15,000
₹ 2,00,000
₹ 0
₹ 0
₹ 1,00,000
₹ 1,00,000
₹ 0
₹ 0
₹ 0
₹ 0
Both STCG and
LTCG is from Equity
₹ 4,00,000
₹ 0
₹ 0
₹ 1,00,000
₹ 1,00,000
₹ 0
₹ 20,000
₹ 0
₹ 20,000
₹ 1,00,000
₹ 0
₹ 0
₹ 2,00,000
₹ 2,00,000
₹ 0
₹ 0
₹ 0
₹ 0
₹ 12,75,000
₹ 0
₹ 0
₹ 2,00,000
₹ 2,00,000
₹ 60,000
₹ 40,000
₹ 9,375
₹ 1,09,375
What is the Income Tax Calculator?
|
Normal Income |
Capital Gain |
Tax |
Total Tax |
Remarks |
|||||
|
Salary |
Business (F
& O, Intraday) |
Other Source
(Dividend) |
STCG |
LTCG |
Normal |
STCG |
LTCG |
||
|
₹ 2,00,000 |
₹ 0 |
₹ 0 |
₹ 1,00,000 |
₹ 1,00,000 |
₹ 0 |
₹ 0 |
₹ 0 |
₹ 0 |
Both STCG and
LTCG is from other than Equity (Debt
Mutual Fund Or Real Estate) |
|
₹ 4,00,000 |
₹ 0 |
₹ 0 |
₹ 1,00,000 |
₹ 1,00,000 |
₹ 0 |
₹ 0 |
₹ 12,500 |
₹ 12,500 |
|
|
₹ 1,00,000 |
₹ 0 |
₹ 0 |
₹ 2,00,000 |
₹ 2,00,000 |
₹ 0 |
₹ 0 |
₹ 12,500 |
₹ 12,500 |
|
|
₹ 12,75,000 |
₹ 0 |
₹ 0 |
₹ 2,00,000 |
₹ 2,00,000 |
₹ 60,000 |
₹ 30,000 |
₹ 25,000 |
₹ 1,15,000 |
|
|
₹ 2,00,000 |
₹ 0 |
₹ 0 |
₹ 1,00,000 |
₹ 1,00,000 |
₹ 0 |
₹ 0 |
₹ 0 |
₹ 0 |
Both STCG and
LTCG is from Equity |
|
₹ 4,00,000 |
₹ 0 |
₹ 0 |
₹ 1,00,000 |
₹ 1,00,000 |
₹ 0 |
₹ 20,000 |
₹ 0 |
₹ 20,000 |
|
|
₹ 1,00,000 |
₹ 0 |
₹ 0 |
₹ 2,00,000 |
₹ 2,00,000 |
₹ 0 |
₹ 0 |
₹ 0 |
₹ 0 |
|
|
₹ 12,75,000 |
₹ 0 |
₹ 0 |
₹ 2,00,000 |
₹ 2,00,000 |
₹ 60,000 |
₹ 40,000 |
₹ 9,375 |
₹ 1,09,375 |
|
What is the Income Tax Calculator?
The Income tax calculator is an easy-to-use online tool that helps you calculate your tax liability based on your income details. It also compares tax liability between the old and new tax regimes to help you decide which is more beneficial for you. We have updated our tool in line with the income tax changes proposed in the Union Budget 2025 to help you estimate your tax liability for better financial planning.
Income Tax Calculator for FY 2025-26