New Tax Regime (Default): Tax is ZERO for income up to ₹7 Lakhs (+ ₹75k Standard Deduction = ₹7.75 Lakhs).
e-Filing Portal ↗Income Tax Calculator
FY 2025-26 (Assessment Year 2026-27)
Standard Deduction
₹ 75,000
Tax Payable
₹ 0
Taxable Income
-
Effective Rate
-
Net Income (In Hand)
-
Tax FAQ
What is the 87A Rebate?
For New Regime: If Taxable Income ≤ ₹7 Lakhs, Tax is Zero.
For Old Regime: If Taxable Income ≤ ₹5 Lakhs, Tax is Zero.
Note: If income crosses this limit, tax applies from the basic slab.
Is Standard Deduction applicable in New Regime?
Yes! As per Budget 2025-26, Standard Deduction of ₹75,000 is available for Salaried individuals in the New Tax Regime.