Income Tax Calculator United Kingdom — 2025-26
Calculate your income tax liability for the current financial year. For United Kingdom. Uses current 2025-26 data.
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Your total annual income before deductions
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India: 80C+80D+HRA+NPS etc. US: itemized deductions
Common questions — United Kingdom
New regime vs old regime — which is better for me?
As a quick rule: new regime wins if your total deductions (80C + 80D + HRA + NPS etc.) are less than about ₹3.75 lakh. Old regime wins if your deductions exceed that threshold. Use both calculators and compare the final tax number.
What deductions are available under the old regime?
80C (₹1.5 lakh): EPF, PPF, ELSS, home loan principal, LIC. 80D: health insurance premiums (₹25,000 self, ₹50,000 parents). HRA: can be claimed if living in rented accommodation. 80CCD(1B): ₹50,000 additional NPS. 24(b): home loan interest up to ₹2 lakh. Standard deduction: ₹50,000 for salaried.
What is the standard deduction under the new regime?
From FY 2024-25 (Budget 2024), the standard deduction for salaried employees under the new regime has been increased to ₹75,000. Under the old regime, it remains ₹50,000.
What is a surcharge on income tax?
For very high incomes, an additional surcharge is levied on the calculated tax: 10% for income ₹50L–1Cr, 15% for ₹1Cr–2Cr, 25% for ₹2Cr–5Cr, 37% for above ₹5Cr (new regime caps at 25% from FY 2023-24). Plus 4% Health and Education Cess on total tax including surcharge.
When must I file an ITR?
ITR filing deadline for individuals (non-audit cases): July 31 of the assessment year (e.g., July 31, 2025 for FY 2024-25). Belated return possible until December 31 with a late fee of ₹1,000–5,000. If you have refunds due or carry-forward losses, file on time.