The Income Tax Calculator on Nova Tools calculates your income tax for FY 2025-26 based on Indian tax slabs, supporting both new and old tax regimes, deductions, and different age categories.
The new tax regime offers lower tax rates but does not allow deductions (e.g., 80C, 80D). The old regime has higher tax rates but allows deductions. Our tool lets you choose the regime and input deductions for the old regime.
You can include deductions under sections like 80C (e.g., PPF, LIC), 80D (health insurance), and others applicable for FY 2025-26. Enter the total deduction amount in the tool’s deductions field.
The tool provides an estimate based on FY 2025-26 tax slabs and a 4% cess. For precise calculations, consult a tax professional or refer to official tax guidelines, as exemptions or special cases may apply. Contact our support team via the Contact Us page for assistance.