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FY 2025-26 (Assessment Year 2026-27)
With the new tax slabs out for the fiscal year 2025-26, (Assessment Year 2026-27), understanding your take-home pay after tax deductions is crucial for financial planning. Whether you are considering a new job offer or reviewing your current salary deductions as per the latest tax slabs, having access to an income tax calculator aligned with the updated tax rates can provide valuable insights. It can help you determine how much money you will actually receive and if your deductions fall within the normal tax bracket. With this information, you can make informed decisions about your finances and budget accordingly.
The IDFC FIRST Bank income tax calculator is a user-friendly online tool designed to help you calculate your income tax effortlessly. It allows you to input your salary details and other relevant financial information to get an accurate estimate of your tax liability. This calculator is particularly useful for those looking to compare tax liabilities under both the old and new tax regimes, making it easier to plan your finances effectively.
An income tax calculator is an online tool that enables you to calculate your income tax based on your salary and other taxable income. It considers various factors such as deductions, exemptions, and applicable tax slabs to provide an accurate tax estimate. The IDFC FIRST Bank income tax calculator, specifically tailored for Indian taxpayers, simplifies the tax computation process, ensuring that you stay informed about your tax obligations for the assessment year 2026-27. Whether you are under the old tax regime or the new regime, this calculator provides precise results, helping you make informed financial decisions.
Using the IDFC FIRST Bank online income tax calculator is a straightforward process. Here’s how you can use it:
Input your details such as income from all sources like HRA, basic salary, allowances, etc. and investments.
For the old regime, enter deductions like Section 80C, 80D in the investment section.
The calculator will automatically compute your tax liability based on the information provided.
Get a clear breakdown of your tax liability, including the total tax payable.
Select whether you want to calculate your tax under the old or new tax regime.
Income tax slabs are a crucial part of the Indian tax system. They determine the rate at which your income is taxed.
Offers various deductions like Sections 80C, 80D, and 24(b).
Simplified slabs with lower rates but fewer deductions.
Example: Annual Salary ₹15 lakhs and Investments ₹2 lakhs.
The IDFC FIRST Bank income tax calculator simplifies this process, offering a clear side-by-side comparison.