To estimate your income tax liability in India for the Financial Year (FY) 2025-26, you can utilize the official Income and Tax Calculator provided by the Income Tax Department. This tool allows you to compute your taxes under both the old and new tax regimes, enabling a comparison to determine the most beneficial option for your financial situation
Income Tax Simulator (AY 2025-26)
Estimated Tax: ₹0
Tax Slabs for AY 2025-26
Old Regime:
- Income up to ₹2,50,000 – No Tax
- ₹2,50,001 – ₹5,00,000 – 5%
- ₹5,00,001 – ₹10,00,000 – 20%
- Above ₹10,00,000 – 30%
New Regime:
- Income up to ₹4,00,000 – No Tax
- ₹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%
Tax-Saving Suggestions
- Invest in 80C options (PPF, ELSS, LIC, NSC) to save up to ₹1.5 lakh.
- Claim deductions for health insurance under Section 80D.
- Take advantage of HRA if you are paying rent.
- Claim interest on home loan deductions under Section 24(b).
- Invest in NPS under Section 80CCD(1B) for additional tax savings.
- Utilize education loan interest deduction under Section 80E.
Note: under testing mode