To Calculate Income Tax know what is Income Tax?
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them. It is commonly called taxable income.
Income tax generally is computed as the product of a tax rate times the taxable income.
Taxation rates may vary by type or characteristics of the taxpayer and the type of income. Every year Government declares Income Tax slabs.
Income Tax slabs for New Tax Regime: 115BAC
| Financial Year: 2025-2026 |
| Tax Slab | New Regime Tax Slab Rates for FY 2025-26 |
| Rs 0.0 – Rs 12,00000 | NIL |
| Rs 1200001 – Rs 16,00000 | Rs. 60000 + 15% above Rs. 12,00000 |
| Rs. 16,00001 – Rs 20,00000 | Rs. 120000 + 20% above Rs. 16,00000 |
| Rs 20,00001 – Rs 24,00000 | Rs. 20,0000 + 25% above Rs. 20,00000 |
| More than Rs. 24,00000 | Rs. 30,0000 + 30% above Rs. 24,00000 |
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New income tax slab rates for FY 2025-26 –
Under the income tax slabs under the new tax regime for FY 2025-2026, incomes up to Rs. 4 lakhs are now exempt from tax. If total taxable income is more than 12 lakh, the following tax rates will be applicable.
जर एकूण करपात्र उत्पन्न १२ लाखांपेक्षा जास्त असेल तर खालील कर दर लागू होतील.
| New Income Tax Slabs for FY 2025-26 | New Income Tax Rate for FY 2025-26 |
| Up to Rs. 4,00,000 | NIL |
| From Rs. 4,00,001 to Rs. 8,00,000 | 5% |
| From Rs. 8,00,001 to Rs. 12,00,000 | 10% |
| From Rs. 12,00,001 to Rs. 16,00,000 | 15% |
| From Rs. 16,00,001 to Rs. 20,00,000 | 20% |
| From Rs. 20,00,001 to Rs. 24,00,000 | 25% |
| Above Rs. 24,00,000 | 30% |
1) Calculate Income Tax – Income – More than 16 lakh
Click below and download the Excel Sheet.
Add your basic pay and deduction and calculate your tax.
