Income Tax Calculator FY 2025-26 Excel Free Download/Income Tax Calculator AY 2026-27 Excel Free Download
Budget 2025 brought a wide smile to the faces of Indian middle-class taxpayers. A zero tax rate for income up to Rs. 12,75,000/- for the salaried class is expected to boost household consumption and serve as a value addition to India’s economic growth. Kudos to the Finance Minister!
It was indeed needed to tackle the long-pending tax burden issues of middle-class taxpayers. More liquidity for taxpayers now means boosting the kneel-down economy by indulging consumption-based growth.
In continuation of my last post on Income Tax Calculator FY 2024-25, I can now proudly say this. The Finance Minister has made Budget 2025 a “Middle-Class Friendly Budget”. It aligns with my notion ” Salaried Middle Class Tax Payer Ke Sath (Sabka Sath) Sabka Bikash “.
Income Tax Calculator AY 2026-27 Excel Free Download/Income Tax Calculator FY 2025-26 Excel Free Download
In this post, I will discuss how to calculate income tax for FY 2025-26 and AY 2026-27. We will use the Income Tax Calculator FY 2025-26 (AY 2026-27) Excel Download tool.
Income Tax Calculator Excel Free Download: Budget 2025 Key Highlights
Download Union Budget 2025 Key Highlights Here:
Income Tax Calculator AY 2026-27 Excel Free Download: What is the New Tax Slabs
The Revised Tax Slabs for the FY 2025-26 & AY 2026-27:
| Income Slab (₹) | Tax Rate |
|---|---|
| ₹0 – ₹4,00,000 | 0% |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Income Tax Calculator AY 2026-27 Excel Download: Tax Slabs as per the Old Tax Regime
| Tax Rate | Individual Tax Payer (Below 60 Years) |
Senior Citizen (61-80 Years) |
Super Senior Citizen (Above 80 Years) |
|---|---|---|---|
| NIL | Up to 2,50,000 | Up to 3,00,000 | Up to 5,00,000 |
| 5% | 2,50,001 – 3,00,000 | 3,00,001 – 5,00,000 | NIL |
| 20% | 5,00,001 – 10,00,000 | 5,00,001 – 10,00,000 | 5,00,001 – 10,00,000 |
| 30% | >10,00,000 | >10,00,000 | >10,00,000 |
Now let us have a look at the synopsis of the Budget 2025 which has a direct impact on the taxpayers:
Personal Income Tax Reforms:
- Increased Tax Exemption Limit: The basic income tax exemption threshold limit has been raised to ₹4 Lakh annually. This increase shall boost disposable income. It will also enhance consumer spending among the middle class.
- Zero Tax up to income of ₹12.75 Lakh: From FY 2025-26 & AY 2026-27, salaried individuals will not pay any taxes on income up to ₹12.75 Lakh. This is a great move by the Government. It will lead to more cash liquidity in the hands of the taxpayers. This liquidity will ultimately go to the Government’s exchequer through consumption, savings, and investments.
- Increased Tax Rebate: The tax rebate for the FY 2025-26 & AY 2026-27 has been increased. Earlier it was ₹25,000 and now it is ₹60,000.
- New Tax Rate: In Budget 2025, the Finance Minister has introduced a new tax rate. It is set at 25% for the income range of ₹ 16 Lakh to ₹ 20 Lakh.
Income Tax Calculator FY 2025-26 Excel Free Download:
Calculating income tax can sometimes become a daunting task. Also, the question arises in your mind, like which tax regime to choose. So, this Income Tax calculator AY 2026-27 Excel Free Download Tool has been designed considering all these aspects.
This Excel-based calculator is a combination of both the new and old tax regimes. You don’t need to do anything extra. Just put all your income and deductions details. This calculator will automatically calculate your final tax liability at a glance under both regimes. It will help you in deciding which tax regime is beneficial for you.
Key Features of Income Tax Calculator AY 2026-27 Excel Free Download:
1. This is a unified tax calculator for calculating your tax liabilities under both the new and old tax regimes.
2.It helps you in deciding which tax regime is best for you;
3. This calculator shows your total tax liability as a % of the gross total income (GTI);
4. This calculator is best suited for Salaried persons and should be used as a simple income tax calculator for the salaried class only;
5 . You can not use this tool for calculating your Long Term Capital Gain Tax;
6 . This Excel-based calculator is password-protected to give you the best results.
7. Just put your details in the yellow cells only. Do not try to delete other unused cells. This will keep the sanctity of the calculator.
Now let us see some FAQs on Income Tax Calculator AY 2026-27 Excel Free Download:
Income Tax Calculator FY 2025-26 Excel Download with Formula:
At first, you need to check the Income Tax Calculator Excel Free Download from the download section. Thereafter, just put your income and deduction details in the respective fields.
It will give you the best-suited tax regime. You don’t need to put any formula separately. This calculator will automatically calculate your taxes under both tax regimes.
But remember one very crucial aspect. From 1st April 2023, the new tax regime has become the default tax regime for salaried employees. If you want to continue with the old tax regime, you should submit an application to your employer for that.
Income Tax Calculator FY 2025-26 Excel Free Download PDF:
Yes, this Excel-based calculator is designed for convenience. You can generate the PDF version with ease. First, put in all your details, save it and generate the PDF version for taking a printout.
Income Tax Calculator FY 2025-26 Excel Free Download PDF below:
Income Tax Calculator FY 2025-26 Excel Free Download India:
This calculator is specially designed for Indian taxpayers. This calculator solely focuses on salaried-class taxpayers. You can also add income from other sources, but not income from capital gains. You can not use this tool for Calculating Long Term Capital Gain Tax.
How is income tax calculated in India/ How do I manually calculate my income tax?
I am very sorry, but this Income Tax Calculator AY 2026-27 Excel will automatically calculate your income tax. You do not at all need to calculate your tax liability manually. Just leave the headache on the Excel calculator itself, and you just relax.
It will calculate your income tax liabilities under both tax regimes. It will also suggest which tax regime is financially beneficial to you. So, you get the peace of mind.
How much tax do I pay on Rs. 16 Lakh salary?
Undoubtedly, the Budget 2025 speech by the Finance Minister made the middle-class taxpayers happy. This occurred on the day of the budget 2025 itself. Factually, middle-class taxpayers have been deprived for more than a decade. This year’s budget helps middle-class people reach their potential. It encourages them to spend on household consumption. Additionally, it promotes savings and investments.
Ok, if your Gross Total Income(GTI) is Rs. 16 Lakh, as per the new tax regime, your total tax liability shall be Rs. 1,13,100/-, which is 7.07% of your GTI. You can also check it from the calculation sheet below.
How much tax will I pay if my salary is 12,00,000?
As per the new tax regime, the basic exemption limit is Rs. 4 Lakh. This implies that for your salary income of Rs. 12,00,000/- in the given case, you are not liable to pay any income tax.
As far as the new tax regime is concerned, for an income up to Rs. 12.75 Lakh, an individual salaried person is not required to pay any tax. Because the tax amount of Rs. 60,000 is negated by the tax rebate U/S 87A( i.e. 12,75,000-75,000).
Rebate plays an important role. It makes your income from salary tax-free up to an income level of Rs 12.75 Lakh in a year.
Income Tax Calculation Formula in Excel:
In the income tax calculator Excel Download tool, you don’t need to use the income tax calculation formula. Excel handles all the calculations for you.
The Excel calculator will automatically calculate your tax liabilities both under new and old tax regimes. You just need to put in your income and deductions details.
How to calculate income tax on salary with example?
Do you know how to calculate income tax on salary with example? In most cases, taxpayers are unaware of the tax slabs.
They do not know the tax rates. They also lack knowledge about the deductions they are entitled to. In that case, our Income Tax Calculator Excel tool is crucial. It calculates your total tax liabilities under both tax regimes at the same time.
Income Tax Calculator Software Free Download 2025-26 Excel:
Our free Excel-based income tax software can be freely downloaded from the download link below. Then just enter your details. This lets you calculate the total tax liability for both the Old and New Tax regimes.
This Excel-based software will suggest the best tax regimes for you. It will decide the beneficial amount of tax under both the new and old tax regimes.
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Income Tax Calculator FY 2025-26 Excel Free Download Below:
Income Tax Calculator AY 2026-27 Excel Free Download Below:
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Income Tax Calculator FY 2024-25(AY 2025-26)Excel Download/ Income Tax Calculator AY 2025-26 Excel Free Download(Previous Year):
Income Tax Calculator FY 2026-27: Old vs New Regime Comparison
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