Financial Tools & Calculators
Precise calculations based on the latest FY 2025-26 tax laws. Simplify your financial planning today.
Tax Recommendation
Save ₹38,740
You should choose the New Regime to minimize your tax liability.
Lowest Tax Payable
₹73,060
Tax Year & Profile
Income Sources Gross Values
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*Enter negative value for Interest on Home Loan (Self Occupied). Max -2L deduction in Old Regime.
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New Tax Regime
FY 2024-25 Rules₹73,060
Total Tax Payable
Gross Income₹12,10,000
Standard Deduction₹75,000
Net Taxable Income₹11,35,000
Estimated Tax Slab Breakdown
First ₹3,0,000Nil
₹3L - ₹7L (5%)₹20,000
₹7L - ₹10L (10%)₹30,000
₹10L - ₹12L (15%)₹20,250
Health & Education Cess (4%)₹2,810
Old Tax Regime
0-60 Slabs₹1,11,800
Total Tax Payable
Gross Total Income₹12,10,000
Total Deductions (Sec 80C, etc)₹2,35,000
Net Taxable Income₹9,75,000
Summary
Std. Deduction: ₹50,000
Exemptions Used: ₹1,85,000
Health & Education Cess (4%)₹4,300
Logic Explained:
- Standard Deduction: ₹75,000 for New Regime vs ₹50,000 for Old Regime.
- Rebate 87A: New Regime tax is zero for income up to ₹7L (FY 24-25) and ₹12L (FY 25-26). Marginal Relief is applied if income slightly exceeds these limits.
- House Property Loss: Cannot be set off against Salary in New Regime.