Form 16 Tax Calculator
Calculate your income tax from Form 16 data. Enter gross salary, perquisites, allowances, and deductions to compute net taxable income and tax liability for FY 2025-26.
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How to use this calculator
- 1
Enter gross salary from Form 16 Part B (total of basic + DA + HRA + all allowances before deductions).
- 2
Enter HRA exemption, LTA exemption, and other Section 10 exemptions as separate items.
- 3
Standard deduction of ₹75,000 is automatically applied for FY 2025-26.
- 4
Compare new vs old regime to see which saves more tax for your income profile.
Frequently asked questions
What is Form 16?
Form 16 is a TDS certificate issued by your employer. Part A contains TDS details (quarter-wise tax deducted). Part B contains salary breakup — gross salary, perquisites, allowances, exemptions, deductions, and net taxable income. Use Part B data to verify your employer calculated the correct tax and to file your ITR accurately.
What is the standard deduction for FY 2025-26?
The standard deduction for salaried employees is ₹75,000 for FY 2025-26 (increased from ₹50,000 in Budget 2024). It is available under both old and new tax regimes. No proof required — it is a flat deduction from gross salary before computing taxable income.
Form 16 Tax Calculator FY 2025-26 — Calculate Income Tax from Form 16
How to use Form 16 for ITR filing
Form 16 Part B is your salary statement for the year. Use Part B to get: Gross salary, HRA & other exemptions, standard deduction, professional tax, 80C and other deductions, net taxable income, and TDS deducted. Cross-check these figures with this calculator. If employer's TDS matches your calculated tax, you have no refund/dues. Mismatch = either refund or additional payment needed.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →