INCOME TAX CALCULATOR 2025-26.xls

	A	B	C	D	E	F	I	J	K	L	N	O	P	Q	S
1	New Tax Regime IT FY-2025-26>According to latest Budget 2025						This excel sheet available in WWW.MEDAKBADI.IN for reference purpose to calulate Advance tax as per latest Budget -2025				Old Tax Regime as per FY-2024-25 &2025-26				Select below
2	Prepared By VIJAYA KUMAR KOTA,GHM Gr-II, ZPHS KOTHLAPUR, MDL&DIST:SANGAREDDY										Gross Total Income			1,500,000	General (age <=60)
3	INCOME TAX CALCULATOR FY 2025-26 &AY 2026-27 (NEW TAX REGIME)										Savings U/S 80C Max( 150000/-)			150,000
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5	Taxble income		Including Standard deduction			1,500,000					If any other Eligible Deductions
6	Less:Standard Deduction					75,000.00	New Tax regime Tax calculation as per FY 2024-25				Standard Deduction			50,000	Select below option
7	Net Taxble income after Standard deduction					1,425,000	Taxble Income as per new regime			1,425,000	Taxble income in Old Regime			1,300,000	As per above calculation
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9	IT SLAB (NEW TAX REGIME FY 2025-26)			SLAB INCOME	SLAB RATE	TAX AMOUNT	FY 2024-25 IT SLAB	SLAB INCOME	SLAB RATE	TAX AMOUNT	IT SLAB	SLAB INCOME	SLAB RATE	TAX AMOUNT
10	0	to	400,000	400,000	0%	0	300000	300000	0%	0	250000	250,000	0%	0
11	400,001	to	800,000	400,000	5%	20,000	700000	400000	5%	20,000	500000	250,000	5%	12,500
12	800,001	to	1,200,000	400,000	10%	40,000	1000000	300000	10%	30,000	1000000	500,000	20%	100,000
13	1,200,001	to	1,600,000	225,000	15%	33,750	1200000	200000	15%	30,000	1000000+	300,000	30%	90,000
14	1,600,001	to	2,000,000	0	20%	0	1500000	225,000	20%	45,000
15	2,000,001	to	2,400,000	0	25%	0	15,00,000+	0	30%	0	Tax on Total Income			202,500
16	24,00,000+			0	30%	0					Rebate u/s 87A (Old Regime)			0
17	Tax on Total Income					93,750	Tax on Total Income			125000	Net Income Tax			202,500
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19	Tax Rebate U/S 87A (Max Rs.60,000)					0	Rebate under section 87A			0	Surcharge	10% on Tax if Income > Rs 50 lakhs <Rs 1 Crore	10%	0
20	Calculated tax after rebate					93,750	Calculated tax after rebate			125000	Surcharge	15% on Tax if Income > Rs 1 Crore	15%	0
21	Marginal Relief					0	Marginal Relief			0	Income Tax including surcharge			202,500
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23	Calculated tax after marginal Relief					93,750	Calculated tax after marginal Relief			125000	Education Cess			8,100
24	Surcharge@10%,15%(if income >50 Lac/1 Cr Respectively)					0	Surcharge			0	Tax Including Surcharge&Edn Cess (Old Regime)			210,600
25	ADD:Health and Education cess (4%)					3,750	Edn cess@4%			5000	Tax Including Surcharge&Edn Cess (Old Regime)			210,600
26	Payable tax in New regime for FY-2025-26 as per Latest budget 2025					97,500	Payable tax			130000	This Programme Prepared by www.medakbadi.in (Vijayakumar Kota,GHM Gr-II,ZPHS Kothlapur
27	Payable tax for Previous FY-2024-25					130,000	Prepared by www.medakbadi.in
28	TAX BENEFIT IN NEW TAX REGIME IN FY 2025-26 OVER PREVIOUS FY 2024-25					32,500
29	TAX BENEFIT IN NEW TAX REGIME IN FY 2025-26 OVER OLD TAX REGIME					113,100
30	Disclaimer
31	This tax calculator has been created with the information available to me. I do not claim this to be 100% accurate.
32	If you find any inaccuracy or error, please let me know by comment on medakbadi blog page www.medakbadi.in and I will try to fix it at the earliest.
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