Tax & Salary Calculators

Calculate income tax, GST, TDS, and understand your salary structure. Updated for FY 2025-26 tax rules.

Tax Planning for FY 2025-26

Understanding your tax liability helps you plan investments and claim legitimate deductions. With both Old and New tax regimes available, choosing the right one can save significant tax.

New Tax Regime Slabs (FY 2025-26)

Income RangeTax Rate
Up to ₹3,00,000Nil
₹3,00,001 - ₹7,00,0005%
₹7,00,001 - ₹10,00,00010%
₹10,00,001 - ₹12,00,00015%
₹12,00,001 - ₹15,00,00020%
Above ₹15,00,00030%

Standard deduction of ₹75,000 available in New Regime

Key Tax Deductions (Old Regime)

  • Section 80C: Up to ₹1.5 lakh (PPF, ELSS, Life Insurance, EPF)
  • Section 80D: Up to ₹25,000 for health insurance (₹50,000 for senior citizens)
  • Section 24(b): Up to ₹2 lakh for home loan interest
  • HRA Exemption: Based on rent paid and city of residence

Frequently Asked Questions

Which is better - Old or New tax regime?

If your total deductions (80C + 80D + HRA + Home Loan Interest) exceed ₹3-4 lakh, the Old Regime usually saves more tax. If you have minimal deductions, the New Regime's lower slab rates work better. Use our Income Tax Calculator to compare both regimes with your actual numbers.

How is LTCG on equity calculated after Budget 2024?

From FY 2024-25, Long Term Capital Gains on equity investments (stocks, equity mutual funds) is taxed at 12.5% (increased from 10%). You get an exemption of ₹1.25 lakh per year on such gains. Holding period remains 12 months for listed equity to qualify as long-term.

What is the standard deduction in the New Tax Regime?

The New Tax Regime now offers a standard deduction of ₹75,000 (increased from ₹50,000 in Budget 2024). This is automatically deducted from your gross salary. Note that other deductions like 80C, 80D, and HRA are NOT allowed in the New Regime.