How to Calculate Income Tax Payable Under New Tax Regime (FY 2025-26)

Learn how to calculate income tax payable under the new tax regime for FY 2025-26. Understand the latest income tax slabs, rebate limits, and cess with an easy step-by-step example to estimate your total tax liability accurately.

Introduction

Aapke liye samajhna zaroori hai ki kaise calculate karein income tax payable under the new tax regime. Government ne naye income tax slabs aur rebate rules laaye hain jo aapki tax liability ko kam kar sakte hain.

Is guide me hum step-by-step samjhenge ki kaise aap apni taxable income nikalte hain, kaun-sa slab aapke liye apply hota hai, aur kaise aapko final tax amount milta hai. Ye article aapko simple language me pura process batayega taaki aap apni income tax planning aasani se kar saken.

Also Read: 10 Money-Saving Hacks for beginners That Actually Work.

What Is the New Tax Regime?

Naya tax regime ek simplified tax system hai jo 2020 me introduce hua tha. Isme tax rates kam hain, lekin aapko bahut saare deductions aur exemptions (jaise 80C, 80D, HRA, LTA, etc.) milte nahi hain.

Iska main purpose hai tax filing process ko simple banana aur compliance kam karna. Agar aapke paas zyada investments nahi hain ya aapko multiple deductions claim nahi karni, to ye regime aapke liye zyada beneficial ho sakti hai.

New regime ke under aapko kuch basic benefits milte hain:

• Standard deduction (for salaried/pensioners)

• Employer’s NPS contribution

• Rebate under Section 87A (up to certain income limit)

Latest Income Tax Slabs Under the New Tax Regime (FY 2025–26)

Government ne Budget 2025 me naye income tax slabs announce kiye hain, jo 1 April 2025 se lagu honge (FY 2025–26). Ye slabs The Economic Times aur Bajaj Finserv ke updates ke according hain:

Note: Agar aapki taxable income ₹ 4 lakh ya usse kam hai, to aapko koi tax nahi dena hota, kyunki ye basic exemption limit ke andar aata hai (after standard deduction and rebate).

“Latest Income Tax Slab and Rates – FY 2025-26 (AY 2026-27) | FY (2024-25 )-By Economic Times”

Step-by-Step Guide: How to Calculate Income Tax Payable Under New Tax Regime

Aaiye ab simple steps me samjhte hain ki income tax payable under the new tax regime kaise calculate karein.

Step 1: Find Your Gross Income

Sabse pehle, apni total annual income janiye. Ye saare income sources include karein:

• Salary (Basic pay + Allowances)

• Business ya Professional income

• Rental income (from house/property)

• Capital gains (share ya property sale se)

• Other income (interest, dividends, etc.)

Example: Agar aapki total annual income ₹ 10,00,000 hai, to ye aapka gross income hoga.

Step 2: Subtract Allowed Deductions

New regime me limited deductions allowed hain. Ye kuch common deductions hain jo aap claim kar sakte hain:

• Standard Deduction: ₹ 75,000 (for salaried employees and pensioners from FY 2025–26)

• Employer’s NPS contribution: up to 10% of salary

• Gratuity and Leave Encashment (as per limit)

Formula:
Net Taxable Income = Gross Income – Allowed Deductions

Agar aapke paas koi aur deduction nahi hai, to ye calculation simple ho jata hai.

Step 3: Apply the Correct Tax Slab

Ab aapki Net Taxable Income ke hisaab se upar diye gaye latest tax slabs apply karein.

Har slab par alag-alag tax rate lagta hai. Aapko har range ka tax alag calculate karke total add karna hota hai.

Step 4: Add Health and Education Cess

Government har taxpayer se 4% Health and Education Cess bhi leti hai.
Iska calculation simple hai — aapke total tax amount ka 4% add kar dijiye.

Final Tax Payable = Total Tax + (4% of Total Tax)

Step 5: Check for Rebate under Section 87A

Agar aapki total taxable income ₹ 7 lakh tak hai, to aapko rebate u/s 87A milti hai, jisse aapka tax poora zero ho jata hai.
Ye rebate har Indian resident individual ko milti hai (not for companies or firms).

Example: How to Calculate Tax

Chaliye ek example se samjhte hain.

Example:
Aapki Net Taxable Income = ₹ 10,00,000

Ye example sirf understanding ke liye hai. Actual tax aapki exact income aur deductions pe depend karega.

Tips to Save Tax Under the New Regime

Even though new regime me deductions limited hain, kuch smart tarike hain jisse aap tax bacha sakte hain:

1. Standard Deduction ka full use karein – Har salaried/pensioner ko milta hai.

2. Employer’s NPS Contribution – Aapka employer agar NPS me contribute karta hai, to wo taxable nahi hota.

3. Tax-free Allowances – Conveyance, food coupons, or reimbursement type benefits le sakte hain.

4. Smart Investment Planning – Though 80C type benefits nahi milte, long-term NPS or voluntary PF contributions future me fayda dete hain.

5. Income Split Planning – Family ke members ke naam se investments karke tax liability kam kar sakte hain.

Key Differences Between Old and New Tax Regime

Important Points to Remember

• Financial Year (FY): 2025–26

• Assessment Year (AY): 2026–27

• Standard Deduction: ₹ 75,000

• Cess: 4% (Health & Education)

• Rebate Limit: ₹ 7,00,000

• Default Regime: New regime (you can opt out if you wish)

FAQs (Frequently Asked Questions)

Q1. Kya new tax regime mein senior citizens ke liye alag slabs hain?

Nahi, new tax regime me sabhi age groups ke liye same slabs hain. Senior citizens ke liye alag exemption limit nahi di gayi hai.

Q2. Agar meri income ₹ 12 lakh hai, kya mujhe tax dena padega?

Agar deductions ke baad taxable income ₹ 12 lakh hai, to aapko new slabs ke hisaab se tax dena padega. Rebate ₹ 7 lakh tak ki income par hi milti hai.

“Income Tax Slabs and Rates for FY 2025–26 (AY 2026–27) – Bajaj Finserv”

Q3. Kya purana (old) tax regime ab band ho gaya hai?

Nahi, old regime abhi bhi available hai. Aap salary return file karte waqt choose kar sakte hain ki aapko old ya new regime me tax dena hai.

Q4. Kya standard deduction new tax regime me bhi milta hai?

Haan, FY 2025–26 se ₹ 75,000 ka standard deduction new tax regime me bhi milega.

Q5. Rebate limit kya hai under Section 87A?

Section 87A ke tahat agar aapki total income ₹ 7 lakh tak hai, to aapko ₹ 25,000 tak rebate mil sakti hai, jisse aapka tax poora zero ho jata hai.

Q6. Kya HRA aur 80C deduction new regime me milta hai?

Nahi, new regime me HRA, 80C (LIC, PF, ELSS), aur 80D (medical insurance) jaise deductions allowed nahi hain.

Q7. Kya business log new regime me ja sakte hain?

Haan, lekin agar aap business ya professional income declare karte hain, to regime change karne ke liye special rules hote hain. Aap ek baar switch karne ke baad limited chances me hi wapas old regime me ja sakte hain.

Conclusion

Ab aapko clear ho gaya hoga ki how to calculate income tax payable under the new tax regime (FY 2025–26).

Naya system simple hai — bas apni total income janiye, allowed deduction minus kijiye, applicable slab lagaiye, aur cess add karke final amount nikal lijiye. Agar aapki income ₹ 7 lakh tak hai, to rebate ki wajah se tax zero ho sakta hai.

Financial planning aur awareness hi aapko unnecessary tax payment se bachati hai. Agar aapko confusion ho, to professional tax expert se salaah lena hamesha best option hai.

“Learn how to withdraw PF instantly via ATM or UPI — step-by-step (2025)”

“Liked this post? Share your thoughts in the comments — we’d love to know your experience!”