Under the new tax regime FY 2025-26, the tax you pay depends on your salary and the applicable income slabs. For instance, if your salary is ₹15 lakhs, you would pay a total tax of ₹97,500  including cess, with limited deductions or exemptions. You can easily determine your tax liability using the IDFC FIRST Bank income tax calculator, which provides accurate calculations based on the latest tax slabs.

Calculating your income tax is simple with the IDFC FIRST Bank income tax calculator. Enter your annual salary and investments, the calculator will instantly compute your tax liability and best tax regime. It factors in the current tax slabs and provides an accurate breakdown of your payable taxes. For manual calculation, refer to the tax slab rates and apply them to your taxable income. Here are the latest tax slabs:

• No tax liability for income of up to ₹4 lakhs

• 5% tax for income between 4,00,001 to 8,00,000

• 10% tax for income between 8,00,001 to 12,00,000

• 15% tax for income between 12,00,001 to 16,00,000

• 20% tax for income between 16,00,001 to 20,00,000

• 25% tax for income between 20,00,001 to 24,00,000

• 30% tax for income above 24,00,000

The tax deducted from your salary, known as TDS (Tax Deducted at Source), depends on your income and applicable deductions. Your employer usually deducts TDS based on your estimated annual income and the tax regime you choose. The IDFC FIRST Bank income tax calculator can help you estimate the tax that will be deducted from your salary.

Yes, if your total income exceeds the basic exemption limit (₹2.5 lakh in the old regime and ₹4 lakh in the new regime), you must file income tax returns. Filing is mandatory even if no tax is payable after deductions.

Under the new tax regime (FY 25-26), income of up to ₹4 lakhs is non-taxable. However, individuals earning an annual income of up to ₹12.75 lakhs are eligible for rebate under Section 87A, thus making their tax liability zero. 

Under the new tax regime, the tax you pay depends on your salary and the applicable income slabs. For instance, if your salary is ₹15 lakhs, you would pay a total tax of ₹1,45,600, including cess, without claiming any deductions or exemptions. You can easily determine your tax liability using the IDFC FIRST Bank income tax calculator, which provides accurate calculations based on the latest tax slabs.

Calculating your income tax is simple with the IDFC FIRST Bank income tax calculator. Enter your annual salary and investments, the calculator will instantly compute your tax liability and best tax regime. It factors in the current tax slabs and provides an accurate breakdown of your payable taxes. For manual calculation, refer to the tax slab rates and apply them to your taxable income.

The tax deducted from your salary, known as TDS (Tax Deducted at Source), depends on your income and applicable deductions. Your employer usually deducts TDS based on your estimated annual income and the tax regime you choose. The IDFC FIRST Bank income tax calculator can help you estimate the tax that will be deducted from your salary.

Yes, if your total income exceeds the basic exemption limit (₹2.5 lakh in the old regime and ₹3 lakh in the new regime), you must file income tax returns. Filing is mandatory even if no tax is payable after deductions.

In the new tax regime, income up to ₹3 lakh is tax-free. In the old regime, the basic exemption limit is ₹2.5 lakh. You can check your tax-free income using the IDFC FIRST Bank income tax calculator.