FY 2025-26 is the current financial year (April 1, 2025 to March 31, 2026). Calculate your tax under both regimes for AY 2026-27 (assessment year for income earned in FY 2025-26). Updated slabs, ₹12L new regime rebate, surcharge with marginal relief, 4% cess.
When to use this
Use to: estimate your FY 2025-26 tax liability while planning, decide regime before submitting Form 12BB to employer (proof-of-investments declaration), plan tax-saving investments before March 31, 2026 deadline, project ITR (assessment year 2026-27) impact.
Frequently Asked Questions
What's the difference between FY and AY?
FY (Financial Year) = year you earn income. AY (Assessment Year) = next year, when you file ITR for that FY. FY 2025-26 (Apr 2025 - Mar 2026) is assessed and ITR-filed in AY 2026-27 (typically July 2026).
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