Income Tax Calculator FY 2025-26: The government has made changes to the income tax slabs. The budget was released on 1st February 2025 and income up to Rs.12 lac has been made tax-free. This will be applicable from 1st April 2025. But what about individuals earning more than Rs.12 lacs annually? We have created an income tax calculator table as per the new income tax slabs announced in budget 2025, wherein you can check the income tax that individuals need to pay as per their salary.
Income Tax Calculator
Total Income Tax as per existing rates (Finance (No.2) Act, 2024) Tax as per proposed rates Benefit of Rate/Slab Rebate Benefit Total Benefit Tax Payable under new regime 8 lac 30,000 20,000 10,000 20,000 30,000 0 9 lac 40,000 30,000 10,000 30,000 40,000 0 10 lac 50,000 40,000 10,000 40,000 50,000 0 11 lac 65,000 50,000 15,000 50,000 65,000 0 12 lac 80,000 60,000 20,000 60,000 80,000 0 13 lac 1,00,000 75,000 25,000 0 25,000 75,000 14 lac 1,20,000 90,000 30,000 0 30,000 90,000 15 lac 1,40,000 1,05,000 35,000 0 35,000 1,05,000 16 lac 1,70,000 1,20,000 50,000 0 50,000 1,20,000 17 lac 2,00,000 1,40,000 60,000 0 60,000 1,40,000 18 lac 2,30,000 1,60,000 70,000 0 70,000 1,60,000 19 lac 2,60,000 1,80,000 80,000 0 80,000 1,80,000 20 lac 2,90,000 2,00,000 90,000 0 90,000 2,00,000 21 lac 3,20,000 2,25,000 95,000 0 95,000 2,25,000 22 lac 3,50,000 2,50,000 1,00,000 0 1,00,000 2,50,000 23 lac 3,80,000 2,75,000 1,05,000 0 1,05,000 2,75,000 24 lac 4,10,000 3,00,000 1,10,000 0 1,10,000 3,00,000 25 lac 4,40,000 3,30,000 1,10,000 0 1,10,000 3,30,000 50 lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000
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