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Online Income Tax Calculator India (2025) - Free Tool | Solvezi

Income Tax Calculator

Calculate your annual income tax with detailed tax slabs, deductions, and compare Old vs New Tax Regime. Get comprehensive tax planning insights.

Tax Planning Tips & Information (2025-26)

Here’s what you need to know about the tax regimes and key changes for the financial year 2025-26. The central government has reduced tax rates in the new tax regime and introduced new benefits. This guide will help you determine which tax regime is best for you based on your income and investments.

Popular 80C Investments

PPF (Public Provident Fund): 15-year lock-in, tax-free returns.
ELSS (Equity-Linked Savings Scheme): 3-year lock-in, market-linked.
Life Insurance: Term and investment plans.
NSC (National Savings Certificate): 5-year fixed deposit scheme.
Tax Saver FD: 5-year bank deposit.

Health Insurance Benefits (Section 80D)

For Self & Family: Up to ₹25,000 deduction.
For Parents (60+ years): Additional deduction up to ₹50,000.
Preventive Health Check-up: Up to ₹5,000 within limits.
Total Maximum: Up to ₹1,00,000 under Section 80D.

Frequently Asked Questions (FAQ)

1. What is the standard deduction in the new tax regime?

The standard deduction for salaried individuals and pensioners in the new tax regime has been increased to ₹75,000.

2. Who benefits most from the new tax regime?

High-income earners or individuals who do not make substantial tax-saving investments will benefit most from the new regime.

3. When should I start tax planning?

It's wise to start your tax planning at the beginning of each financial year (April). This will help you plan your investments properly.