Income Tax Calculator FY(2025-26)

The Union Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year (FY) 2024. Nirmala Sitharaman announced that taxpayers will not have to pay income tax on earnings up to ₹12 lakh. At present, taxpayers can choose either between the old system which allows exemptions for rent and insurance, or the new system, which has lower tax rates but doesn’t offer many exemptions.

Now, you can calculate it yourself. Our tax calculator will calculate your taxable income under both the old and new scheme.

Calculate your tax here!