New Tax Regime Income Tax Calculator (FY 2024-25)
Calculate income tax under New Tax Regime slabs with standard deduction and employer NPS exemptions.
Yearly NPS Contribution: ₹0 (Max 10% of basic)
100% Tax Free! ₹0 Tax under Section 87A rebate for taxable income up to ₹12 Lakhs.
CTC less income tax. Your actual bank credit will be lower after employee PF and professional tax — the salary calculator models those.
In-Hand = CTC − Employer NPS − Tax. Excludes PF and other employer-deducted components.
New Regime Tax Calculation Summary
Slab-wise Tax Breakdown
CTC & Take-Home Salary Distribution
Visual distribution of Gross CTC across In-Hand Take-Home Salary, Total Tax, and Deductions/NPS.
Important Notes:
- Basic Salary is calculated as 50% of CTC.
- Standard Deduction of ₹75,000 is available for salaried individuals.
- Monthly Employer NPS contribution under Section 80CCD(2) is limited to 14% of monthly basic salary under the new regime.
- Tax rebate of ₹60,000 is available for income up to ₹12L (after standard deduction). Marginal relief applies just above ₹12L.
- Surcharge: 10% (income >₹50L), 15% (>₹1Cr), 25% (>₹2Cr) — capped at 25% under new regime. Marginal relief is applied at each threshold.
- Health & Education cess of 4% will be added to the calculated tax.
- Due date for filing return is 31st July 2027 (non-audit cases).
Tax Slabs for FY 2026-27 (No Change from FY 2025-26)
| Income Range | Tax Rate | Notes |
|---|---|---|
| Up to ₹3,00,000 | Nil (0%) | Tax exempt income |
| ₹3,00,001 – ₹7,00,000 | 5% | ₹20,000 max in this slab |
| ₹7,00,001 – ₹10,00,000 | 10% | ₹30,000 max in this slab |
| ₹10,00,001 – ₹12,00,000 | 15% | ₹30,000 max in this slab |
| ₹12,00,001 – ₹15,00,000 | 20% | ₹60,000 max in this slab |
| Above ₹15,00,000 | 30% | No upper limit |
About New Tax Regime Calculator
The New Tax Regime Calculator for FY 2026-27 helps you estimate your income tax liability under the new tax regime. It takes into account your gross income, standard deduction, and employer NPS contributions to calculate your tax liability. As per Budget 2026, there are no changes to the tax slabs - they remain the same as FY 2025-26.
References & Authority Sources
Income Tax
Compare calculations across closely related financial tools in this category.
Direct Peer & Companion Calculators
6 tools available80C Tax-Saving & Exemption Solutions
Reduce your tax liability to ₹0 with government-backed 80C & 80CCD schemes.
Old vs New Tax Regime Break-Even Point 2026: The Deduction Threshold Chart
Exact deduction break-even thresholds from ₹7.5L to ₹50L CTC, Section 87A rebate rules, and why 90%+ taxpayers benefit from New Regime.