The government continues to promote the New Tax Regime with lower tax rates in Budget 2025, making it the default option for FY 2025-26. However, taxpayers can still opt for the old tax regime when filing their ITR or while their employer deducts TDS. Choosing the right regime requires proper tax calculation, which can be simplified using the Auto Income Tax Calculator. This tool helps individuals compare tax liabilities under both regimes, calculate TDS, and generate essential documents such as Form-16. It includes salary statements, computation sheets, and tax calculation details, along with relevant rules and exemptions.
Income Tax Calculator with marginal relief calculation for FY 2025-26
• Version 20.2: Includes Salary Statement and Computation Sheets (both New & Old regimes).
The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax rates in a big way. The New Tax Regime is by default for FY 2025-26. However, individuals will have an option to continue with the old income-tax regime at the time employers are deducting TDS or at the time of filing ITR.
It is very difficult for taxpayers to choose a suitable regime without calculating the actual tax according to both regimes. You can use this easy-to-use updated Auto Income Tax Calculator tool (according to Budget 2025). This tool will not only help you calculate your tax and TDS liability but also simplify the process of comparing both regimes at the time of deduction of TDS or filing the ITR. It also helps clarify any information and rules related to applicable rates, exemptions, and deductions.
This Tax Calculator consists of sheets to print
- Salary Statement
- Computation Sheets (both regimes)
- Income from House Property
- Tax Calculation
- Information & Rules (with hyperlinks) for exemptions and deductions, along with Income Tax slab rates for both regimes.
Upon entering data in the designated cells, the calculator automatically computes the tax, generates Computation Sheets, and prepares Form-16. You can print and save any sheet as needed.
If you find any inconsistency, correction, or amendments in the Calculator, please let me know, I will try to fix it at the earliest.
This automated tax calculator is for individual personal use.
For any queries or service, call 9811302497 or mail bpchoudhary@gmail.com
Author Bio
Dear Banerjee Sir, Thanks a lot to comment, But Please Just let me know what & where calculation is wrong. Mannually calculate & comapare too
The tax calculation is wrong, as the Incotax Department’s Calculation does not match.