Income Tax Calculator | Salaried & Business | Old vs New Regime

Income Type

Total Income (₹)

HRA Exemption (₹) (Salaried only)

Age Group

80C (₹) (Max 1.5L)

80D (Health)

80G (Donations)

NPS (80CCD(1B))

80E (Edu Loan)

80TTA/80TTB (Interest)

Taxable Income₹0

Income Tax₹0

Total Tax (+Surcharge+Cess)₹0

📋 Detailed Tax Calculation

Gross Total Income	₹0
Total Deductions (80C,80D,80G,80E,80TTA)	₹0
HRA Exemption	₹0
Net Taxable Income	₹0
Income Tax (as per slabs)	₹0
Surcharge	₹0
Health & Education Cess (4%)	₹0
Total Tax Liability	₹0

📘 Complete Income Tax Guide (AY 2025-26)

📊 Tax Slabs (Old Regime)

₹0 - ₹2.5L → 0%
₹2.5L - ₹5L → 5%
₹5L - ₹10L → 20%
Above ₹10L → 30%
Rebate u/s 87A: No tax if income ≤ ₹5L (old) or ≤ ₹7L (new)

📊 Tax Slabs (New Regime – Default)

₹0 - ₹3L → 0%
₹3L - ₹7L → 5%
₹7L - ₹10L → 10%
₹10L - ₹12L → 15%
₹12L - ₹15L → 20%
Above ₹15L → 30%

💰 Surcharge (on tax)

Income > ₹50L → 10%
Income > ₹1Cr → 15%
Income > ₹2Cr → 25%
Income > ₹5Cr → 37%

🔍 Key Deductions

80C: Up to ₹1.5L (PF, ELSS, PPF, etc.)
80D: Health insurance premium
80G: Donations to approved funds
80E: Education loan interest
80TTA: Savings interest up to ₹10k (below 60)
80TTB: Interest up to ₹50k (senior citizens)

💡 Important Notes: New regime does NOT allow most deductions (80C,80D,80G,80E,80TTA) except standard deduction of ₹50,000 for salaried. Business income under presumptive taxation (44AD,44ADA) is separate; this calculator uses total business income after allowed expenses. Always consult a CA for filing.

📚 Tax Planning Hub

Old vs New Regime – Which One Saves More Tax?
Section 80C to 80U – Complete Deductions Guide
How to Reduce Tax with Surcharge & Cess Planning
Tax for Business & Professionals (Presumptive Taxation)

📖 Read Full Tax Guide (Single Post) →

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❓ Advanced Tax FAQs

What is surcharge and when is it applicable? ▼

Surcharge is additional tax on high income: 10% for income > ₹50L, 15% > ₹1Cr, 25% > ₹2Cr, 37% > ₹5Cr.

Can a business person claim HRA? ▼

No, HRA is only for salaried individuals. Business income does not get HRA exemption.

What is the difference between 80TTA and 80TTB? ▼

80TTA for savings account interest (up to ₹10k) for below 60. 80TTB for senior citizens (up to ₹50k) from all interest.

Can I claim 80G for any donation? ▼

Only donations to approved funds/charities qualify; deduction may be 50% or 100%.

Is standard deduction allowed in old regime? ▼

No, standard deduction of ₹50,000 is only for salaried individuals in new regime. Old regime allows HRA and other exemptions.

📊 Income Tax Calculator · Salaried & Business

📊 Tax Breakdown