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New Tax Regime (FY 25-26)

Income Tax Calculator

Calculate your exact tax liability, cess, and take-home salary instantly. We automatically apply standard deductions and Section 87A rebates.

Income Details

A standard deduction of ₹75,000 is automatically applied.

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Tax Summary

Gross Income₹12,00,000
Standard Deduction- ₹75,000
Net Taxable Income₹11,25,000
Tax on Income₹68,750
Health & Edu Cess (4%)₹2,750

Total Tax Payable

₹71,500

Take Home Pay

₹11,28,500

Effective Rate

6.0%

Understanding the New Tax Regime (FY 2025-26)

The New Tax Regime offers lower tax rates but removes most of the exemptions and deductions available in the old regime (such as HRA, LTA, and Section 80C). However, recent updates have made it significantly more attractive for the average taxpayer.

Key Benefits of the New Regime

  • Standard Deduction: A standard deduction of ₹75,000 is now available for salaried employees under the new regime.
  • Section 87A Rebate: If your taxable income is up to ₹7,00,000, you get a full tax rebate, meaning your tax liability is zero.
  • Simplified Filing: Without the need to track rent receipts, insurance premiums, and ELSS investments, filing your returns is much faster and simpler.
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