Salary Income Tax Calculator AY 2025-26

Salary Income Tax Calculator

Assessment Year 2025-26

This interactive calculator helps salaried individuals compute their income tax liability for AY 2025-26. Enter your salary details along with applicable deductions to determine your Gross Salary and Taxable Income under both the Old and New Tax Regimes.

For the Old Regime, you can claim deductions such as the Standard Deduction, Professional Tax, Section 80C investments (including Home Loan Principal repayment), Health Insurance Premiums under Section 80D, NPS contributions (Section 80CCD(1B)), and Home Loan Interest (Section 24).

Note: Under the New Tax Regime, the above deductions are not allowed.

Salary Components
Basic Salary (annual)
House Rent Allowance (HRA)
Conveyance Allowance
Other Allowances
Bonus / Variable Pay
Deductions (Old Regime)
Standard Deduction (Section 16)
Professional Tax (annual)
Investments under Section 80C (e.g., PPF, LIC, ELSS)
Home Loan Principal (80C) (Add to 80C, capped at ₹1,50,000 total)
Health Insurance Premium (Section 80D)
NPS Contribution (Section 80CCD(1B)) (Max ₹50,000)
Home Loan Interest (Section 24) (Max ₹2,00,000 for self-occupied)

Calculation Results

Gross Salary: ₹0

Taxable Income (Old Regime): ₹0 (After Standard Deduction, Professional Tax, 80C, 80D, NPS & Home Loan Interest)

Taxable Income (New Regime): ₹0 (No deductions)

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Old Tax Regime Tax: ₹0

New Tax Regime Tax: ₹0

Applicable Income Tax Act Sections & Rules

• Standard Deduction (Section 16): ₹50,000 (only under the Old Regime)
• Professional Tax: Deductible under the Old Regime
• Section 80C: Deduction for investments including Home Loan Principal; total capped at ₹1,50,000.
• Section 80D: Deduction for health insurance premiums.
• Section 80CCD(1B): Additional NPS deduction up to ₹50,000.
• Section 24: Deduction for Home Loan Interest (up to ₹2,00,000 for self-occupied property).
• Tax Slabs - Old Regime:
  • Up to ₹2,50,000: Nil
  • ₹2,50,001 - ₹5,00,000: 5% of excess
  • ₹5,00,001 - ₹10,00,000: ₹12,500 + 20% of excess
  • Above ₹10,00,000: ₹1,12,500 + 30% of excess
• Tax Slabs - New Regime (Section 115BAC):
  • Up to ₹3,00,000: Nil
  • ₹3,00,001 - ₹6,00,000: 5% of excess
  • ₹6,00,001 - ₹9,00,000: ₹15,000 + 10% of excess
  • ₹9,00,001 - ₹12,00,000: ₹45,000 + 15% of excess
  • ₹12,00,001 - ₹15,00,000: ₹90,000 + 20% of excess
  • Above ₹15,00,000: ₹1,50,000 + 30% of excess

Note: Under the New Tax Regime, the following deductions are not allowed: Standard Deduction, Professional Tax, Section 80C (including Home Loan Principal), Section 80D, NPS contributions, and Home Loan Interest.