Income Tax Calculator

FY 2025–26 (AY 2026–27) · New Regime vs Old Regime · Free tool by M Avinash & Associates

✓ Instant Results ✓ No Login Required

FY 2025–26 · Fill in your details for an instant tax estimate

Income Sources Annual figures (₹)

Salary / Pension Gross annual CTC or total pension received

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Basic Salary Used for HRA & employer NPS calculation. Leave blank to auto-estimate (40% of salary).

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Rental Income Net annual rent — 30% std. deduction auto-applied (Old Regime)

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Business / Freelance Profit Net profit from business, profession or freelancing

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Other Sources Interest income, dividends, winnings, gifts, etc.

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Capital Gains Separate tax rates apply — not clubbed with slab income

STCG — Listed Equity & MF Short-term capital gains taxed @ 20% (Sec 111A, Budget 2024)

₹ 20%

LTCG — Listed Equity & MF ₹1.25L exempt per year; gains above taxed @ 12.5% (Sec 112A)

₹ 12.5%

LTCG — Property / Debt / Others Taxed @ 20% without indexation (post 23 Jul 2024, Sec 112)

₹ 20%

STCG — Other Assets Debt MF, property held <24 months — taxed at slab rate

₹ Slab

Tax Regime & Profile

Select Tax Regime for FY 2025–26

Age Group Affects basic exemption limit in Old Regime

Deductions & Exemptions Old Regime Only

Chapter VI-A Deductions

Section 80C Max ₹1,50,000 PPF, ELSS, LIC premium, NSC, home loan principal, tuition fees, 5-yr FD

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Section 80CCD(1B) — NPS Max ₹50,000 Additional NPS Tier-1 contribution (over and above 80C)

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80D — Health Insurance (Self & Family) Max ₹25,000 / ₹50,000 (Senior) Premium for self, spouse & dependent children. ₹50K cap if you are a senior citizen.

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80D — Health Insurance (Parents) Max ₹25,000 / ₹50,000 (Senior Parents) Premium for dependent parents. ₹50K cap if parents are senior citizens.

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Parents are senior citizens (60+) — ₹50,000 limit applies

HRA & Property Deductions

🏠 HRA Exemption — Auto Computed (Sec 10(13A)) Exempt = Min(HRA received, Rent − 10% basic, 50%/40% of basic for metro/non-metro)

HRA Received from Employer Annual HRA component shown in your salary slip / Form 16

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Annual Rent Paid Total rent paid during the year (must exceed 10% of basic for any exemption)

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City Type Metro cities (Mumbai, Delhi, Chennai, Kolkata) get 50% of basic; all other cities get 40%

Home Loan Interest — Sec 24(b) Max ₹2,00,000 Interest paid on home loan for self-occupied property

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Other Deductions

Section 80E — Education Loan Interest Interest on loan for higher education (no upper limit)

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Other Deductions (80G, LTA, Prof. Tax…) Donations u/s 80G, Leave Travel Allowance, professional tax paid, etc.

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Employer NPS & TDS Both Regimes

Employer NPS — 80CCD(2) Max 10% of Basic+DA NPS contribution made by your employer on your behalf. Deductible in both New & Old Regime.

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TDS Deducted by Employer Total TDS from salary per Form 16 / Part A. Computes net tax payable or refund due.

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Fill in your income details on the left — your complete tax breakdown will appear here instantly.

✓ New & Old Regime comparison

✓ Capital gains tax computed separately

✓ Surcharge & cess included

✓ Monthly take-home estimate

FY 2025–26 · Enter your business financials

Business Details

Entity / Business Type

Annual Turnover / Revenue Total gross revenue for FY 2025-26 (determines 25% vs 30% for Pvt Ltd)

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Net Profit Before Tax (PBT) Profit after all allowable business expenses, before tax

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Tax Regime (Companies)

Standard Regime 25% (turnover ≤ ₹400 Cr) or 30% All exemptions & deductions apply. MAT @ 15% as applicable.

Section 115BAA 22% flat rate (no exemptions) No MAT. Opt once, irrevocable. Best for profitable companies.

Enter your business profit above to compute your corporate tax liability and advance tax schedule instantly.

✓ Base tax at applicable flat rate

✓ Surcharge & cess included

✓ Profit After Tax (PAT)

✓ Advance tax installment schedule