Which is better — New Regime or Old Regime in FY 2025-26?

The New Regime is better if total deductions (80C + HRA + home loan + 80D + NPS) are below approximately Rs 3.75 lakhs. The Old Regime is better with higher deductions. From FY 2025-26, income up to Rs 12.75 lakhs is effectively tax-free under the New Regime after the Rs 75,000 standard deduction and Rs 60,000 rebate u/s 87A. Use the Income Tax Calculator at taxaj.com/income-tax-calculation to compare both regimes with your actual numbers.

What is the EPF interest rate for FY 2024-25?

The EPF interest rate for FY 2024-25 is 8.25 percent per annum as declared by EPFO and approved by the Ministry of Finance. Employee contribution is 12 percent of Basic plus DA. Employer contributes 12 percent split as 8.33 percent to EPS Employee Pension Scheme and 3.67 percent to EPF.

How is HRA exemption calculated?

HRA exemption under Section 10(13A) is the minimum of three amounts: actual HRA received from employer; actual rent paid minus 10 percent of basic salary; and 50 percent of basic salary for metro cities or 40 percent for non-metro cities. HRA exemption is only available under the Old Tax Regime, not the New Regime.

What is the SIP calculator formula?

SIP maturity M = P multiplied by the quantity 1 plus i to the power n minus 1 divided by i, all multiplied by 1 plus i. P is monthly investment, i is monthly interest rate which is annual rate divided by 12, and n is total months. A Rs 10,000 per month SIP for 20 years at 12 percent CAGR gives approximately Rs 99.9 lakhs on a total investment of Rs 24 lakhs.

How is gratuity calculated in India?

Under the Payment of Gratuity Act 1972, gratuity equals 15 multiplied by last drawn salary multiplied by completed years of service, divided by 26. Salary includes Basic plus DA only. Minimum 5 years of continuous service is required. Gratuity is tax-free up to Rs 20 lakhs. Any amount above Rs 20 lakhs is added to taxable income.

What are the capital gains tax rates after Budget 2024?

After Budget 2024, short term capital gains on equity STCG u/s 111A are taxed at 20 percent flat. Long term capital gains on equity LTCG u/s 112A are taxed at 12.5 percent on gains above Rs 1.25 lakhs per year which are exempt. These rates apply from 23 July 2024. Debt mutual fund gains are taxed as per income slab without indexation benefit.

Is PPF interest taxable?

No. PPF is an EEE investment — Exempt at investment (80C deduction), Exempt on interest accrued annually, and Exempt at maturity. PPF interest is fully tax-free under Section 10(11) of the Income Tax Act. The current PPF interest rate is 7.1 percent per annum compounded annually with a 15-year maturity period.

Are these financial calculators free to use?

Yes. All 25 plus calculators on the TAXAJ online calculators hub are completely free. No login, no registration, no payment and no subscription is required. The Income Tax, SIP, EMI and PPF calculators are even embedded directly on this page for instant use without any redirection.

25+ Tools · FY 2025-26 Updated · 100% Free

Free Financial Calculators India

India's most comprehensive free calculator hub — Income Tax (New vs Old Regime), SIP, EMI, HRA, EPF, PPF, NPS, FD, RD, Gratuity, GST, TDS and 13 more. No login. Instant results.

🧮 25+ Calculators✅ 100% Free⚡ Instant Results📅 FY 2025-26🔒 No Login Needed

25+Calculators

₹0Cost to Use

6Categories

<2sInstant

CAExpert Reviewed

🔍

⚡ Most Used Today

Top 8 Most-Used Calculators

📊

Income Tax Calculator

New vs Old Regime FY 26

🏠

HRA Calculator

Sec 10(13A) exemption

Home / Car / Personal loan

🔵

EPF / PF Calculator

8.25% p.a. FY 2024-25

7.1% · 15-year maturity

🏖️

NPS Calculator

80CCD(1B) · ₹50K extra

📋 Full Library

All 25+ Free Financial Calculators

Tap any card to open the dedicated calculator. Every calculator links to the relevant TAXAJ filing service.

💡 Tax Planning Guide

Use Calculators to Cut Your Tax Bill — Legal Ways

Every calculator below links to a real tax-saving opportunity. Act before 31 March every year.

💰

80C — Save up to ₹46,800

Invest ₹1.5L in PPF, ELSS, EPF, LIC, NSC. Use PPF + SIP calculators to find best allocation. Old Regime only. Tax saved at 30% slab: ₹46,800.

🏠

HRA + Home Loan Deduction

HRA u/s 10(13A) + home loan interest u/s 24(b) up to ₹2L. Use HRA + EMI calculators together. Combined tax saving can exceed ₹1 lakh annually.

🏖️

NPS — Extra ₹15,600 Saved

80CCD(1B) gives ₹50,000 additional deduction beyond the 80C ceiling. Tax saved at 30%: ₹15,600. Plus employer NPS 80CCD(2) is over and above.

🏥

80D Health Insurance — ₹7,800

₹25,000 for self/family + ₹25,000 for parents (₹50,000 if senior citizens). Total up to ₹75,000 deduction available. Use with tax calculator.

📊

New Regime — ₹12L Zero Tax

With ₹75,000 standard deduction + ₹60,000 rebate u/s 87A, income up to ₹12.75L is effectively tax-free under New Regime from FY 2025-26.

📈

LTCG Exemption — ₹1.25L Free

Equity LTCG up to ₹1.25L per year is exempt. Harvest gains strategically each year to avoid accumulation and use this limit fully. Budget 2024 rate: 12.5%.

📊 File ITR with TAXAJ — All Deductions Claimed →

📚 Calculator Guides

Complete Guide to India's Top Financial Calculators

Formulas, rates, how to interpret results — and what to do next with TAXAJ.

💰 Income Tax Calculator India FY 2025-26 — New Regime vs Old Regime

The Income Tax Calculator above compares your liability under the New Tax Regime (default from FY 2023-24) vs the Old Tax Regime. New Regime FY 2025-26 slabs: ₹0–4L → 0%; ₹4–8L → 5%; ₹8–12L → 10%; ₹12–16L → 15%; ₹16–20L → 20%; ₹20–24L → 25%; above ₹24L → 30%. Effective zero tax up to ₹12.75L after ₹75,000 standard deduction and ₹60,000 rebate u/s 87A. Budget 2024 capital gains: Equity STCG (held <12 months) at 20% u/s 111A; Equity LTCG (held >12 months, gains above ₹1.25L) at 12.5% u/s 112A. TAXAJ files your ITR in the optimal regime → with all deductions and capital gains correctly reported.

🏠 HRA Exemption Calculator — Section 10(13A) Computation

HRA exemption under Section 10(13A) is the lowest of three amounts: (1) Actual HRA received from employer; (2) Actual rent paid minus 10% of basic salary; (3) 50% of basic salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) or 40% for non-metro. Example: Basic ₹60,000/month, HRA ₹25,000, Rent paid ₹18,000 in Delhi — exemption = min(₹25,000; ₹12,000; ₹30,000) = ₹12,000/month. HRA exemption is only available in the Old Tax Regime. If rent exceeds ₹1 lakh/year, landlord's PAN is mandatory. TAXAJ's CA team correctly computes and claims HRA in your salaried ITR →

📈 SIP Calculator — Mutual Fund Returns Formula & ELSS Tax Saving

The SIP Calculator uses the formula: M = P × ({[1 + i]ⁿ – 1} / i) × (1 + i), where M = maturity value, P = monthly SIP, i = monthly rate (annual rate ÷ 12), n = total months. A ₹10,000/month SIP for 20 years at 12% CAGR grows to approximately ₹99.9 lakhs — on a total investment of ₹24 lakhs, wealth gain = ₹75.9 lakhs. Tax on SIP gains: Equity mutual fund gains held >12 months = LTCG at 12.5% (above ₹1.25L exempt). ELSS funds qualify for 80C deduction up to ₹1.5L — 3-year lock-in, best return potential among 80C instruments. TAXAJ files mutual fund capital gains ITR → accurately with CAS statement integration.

🏦 EMI Calculator — Formula, Home Loan Tax Benefit & How to Reduce EMI

EMI = [P × R × (1+R)ᴺ] ÷ [(1+R)ᴺ – 1], where P = principal, R = monthly interest (annual rate ÷ 12), N = total instalments. Home loan of ₹50L at 8.5% for 20 years → EMI ≈ ₹43,391/month (total interest ≈ ₹54.1 lakhs). Tax benefits on home loan: Principal repayment u/s 80C up to ₹1.5L; Interest u/s 24(b) up to ₹2L (self-occupied). Ways to reduce EMI: Part-prepayment reduces principal; floating rate refinancing; longer tenure reduces EMI but increases total interest. TAXAJ claims both home loan deductions in your salaried ITR → — maximising your net tax saving.

🔵 EPF Calculator — Rate 8.25%, EPS vs EPF Split & Tax Treatment

The EPF (Employee Provident Fund) interest rate for FY 2024-25 is 8.25% p.a. declared by EPFO. Employee contribution: 12% of Basic + DA entirely to EPF. Employer contribution: 12% split as 8.33% to EPS (Employee Pension Scheme) + 3.67% to EPF. Tax treatment: EPF contributions up to ₹1.5L under 80C are deductible (Old Regime). Interest on EPF is tax-free if employee contribution ≤ ₹2.5L/year (≤ ₹5L for government employees). Withdrawal after 5 years of continuous service is fully tax-free. TAXAJ handles EPF registration and compliance → for employers and files employee ITR with correct EPF details.

🎁 Gratuity Calculator India — Formula, Tax-Free Limit & Eligibility

Under the Payment of Gratuity Act 1972: Gratuity = (15 × Last Drawn Salary × Completed Years of Service) / 26. Salary = Basic + DA. Minimum 5 years of continuous service required (4 years 240 days for monthly rated employees). If service = 10 years and salary = ₹50,000: Gratuity = (15 × 50,000 × 10) / 26 = ₹2,88,461. Tax-free limit: ₹20 lakhs (enhanced per Gratuity Act amendment). Excess taxable as salary. Employer can pay higher than formula — excess taxable in employee's hands. TAXAJ integrates gratuity calculation into payroll management → and accounts for it in salaried ITR filing →

📊 FY 2025-26 Rates

Key Interest Rates & Tax Rates Used in These Calculators

Scheme / Tax	Rate	Tax Treatment	Calculator
PPF	7.1% p.a.	EEE — Exempt-Exempt-Exempt. No tax at any stage.	PPF Calc →
EPF / PF	8.25% p.a.	Tax-free on withdrawal after 5 years. Interest on >₹2.5L taxable.	EPF Calc →
SSY (Sukanya)	8.2% p.a.	EEE — 80C eligible. Maturity fully tax-free.	SSY Calc →
NPS	Market-linked ~10–12%	80C + 80CCD(1B) ₹50K extra. 60% lump sum tax-free on exit.	NPS Calc →
Equity STCG (u/s 111A)	20% (Budget 2024)	Flat rate. No slab applicable. Held <12 months.	Tax Calc →
Equity LTCG (u/s 112A)	12.5% above ₹1.25L	₹1.25L exempt per year. No indexation. Held >12 months.	LTCG ITR →
Home Loan Interest	Market (8–9.5%)	u/s 24(b) ₹2L deduction (self-occ). Old Regime only.	EMI Calc →
SIP (Equity MF)	CAGR assumed 10–14%	LTCG 12.5% above ₹1.25L. STCG 20%. ELSS: 80C eligible.	SIP Calc →

🔗 After Calculating — Act with TAXAJ

Calculated Your Numbers? TAXAJ Handles the Filing

Every calculator on this page connects to a real TAXAJ service. Plan → Calculate → File.

Registration + returns

❓ FAQ

Frequently Asked Questions — Financial Calculators

Yes. All calculators are updated for FY 2025-26 (AY 2026-27) with Budget 2024 changes — STCG at 20%, LTCG at 12.5% above ₹1.25L, New Regime slabs, ₹75,000 standard deduction and ₹60,000 rebate u/s 87A. EPF interest at 8.25%, PPF at 7.1%, SSY at 8.2% as per latest government notifications. Results are indicative for planning — always verify with a CA before filing.

The New Regime is better if your total deductions (80C + HRA + 80D + home loan interest etc.) are less than approximately ₹3.75 lakhs. If you have: ELSS/PPF ₹1.5L (80C) + NPS ₹50K (80CCD) + HRA ₹2L + 80D ₹50K = ₹4.5L total — Old Regime likely saves more. Use the Income Tax Calculator above and enter your actual numbers to compare both regimes instantly. TAXAJ files your ITR in the optimal regime →

The EPF interest rate for FY 2024-25 is 8.25% per annum, as declared by EPFO trustees and approved by the Ministry of Finance. Interest is credited annually to the member's account. Employee contribution: 12% of Basic + DA. Employer: 8.33% to EPS (Pension) + 3.67% to EPF. Use our EPF Calculator to estimate your retirement corpus based on your current salary.

Formula: Gratuity = (15 × Last Drawn Salary × Completed Years of Service) / 26. Salary = Basic + DA only. Minimum 5 years of continuous service required. Tax-free up to ₹20 lakhs. If 10 years service and ₹80,000/month salary: Gratuity = (15 × 80,000 × 10) / 26 = ₹4,61,538. Use our Gratuity Calculator for instant results.

SIP formula: M = P × ({[1 + i]ⁿ – 1} / i) × (1 + i). M = maturity, P = monthly amount, i = monthly interest rate (annual ÷ 12), n = months. The calculator assumes a constant rate of return — actual returns vary by fund. ELSS equity SIPs have historically delivered 12–15% CAGR over 10+ years. The result is an estimate, not a guarantee. LTCG on equity MF gains above ₹1.25L is taxed at 12.5%.

No. HRA exemption u/s 10(13A) is NOT available under the New Tax Regime. It is only available if you opt for the Old Tax Regime. If your HRA component is significant — say ₹2+ lakhs/year — this alone may justify choosing the Old Regime. Calculate your tax in both regimes using the Income Tax Calculator above to decide. TAXAJ computes optimal regime for every salaried client →

Yes, completely free. All 25+ calculators on this TAXAJ hub require no login, no sign-up, no credit card and no subscription. You can use them unlimited times. The embedded calculator above also runs directly in this page — no redirection needed for the four built-in tools (Income Tax, SIP, EMI, PPF).

Calculated Your Numbers? Let TAXAJ Handle the Filing

Our CA team files your ITR, claims every deduction, and ensures maximum refund. Starts ₹999. Turnaround <24 hours.

📊 File My ITR Now 💬 WhatsApp a CA 📅 Free Consult 📞 Call Now

🏆 15,000+ Returns Filed · 4.9★ Google Rating · ⏱ <24hr · Pan-India CA Firm