Madhya Pradesh Incometax Calculator 2025-26 in Excel
Income Tax
In the Union Budget 2025 which changed into introduced on 1 February 2025, there were no revisions or modifications withinside the present earnings tax slabs or earnings tax rates.
Income Tax is an instantaneous tax this is charged on an individual`s or entity’s earnings. The tax is calculated on the subsequent taxable earnings of the entity primarily based totally at the earnings slabs which can be pre-described with the aid of using the IT Department.
Note: You can now report your taxes via the New earnings tax portal. The New portal comes with a plethora of capabilities and is designed to ease the tax submitting process.
What is Income Tax?
Income tax is a tax charged on the annual income earned by an individual. The amount of tax paid will depend on how much money you earn as income over a financial year. One can proceed with Income tax payment, TDS/TCS payment, and Non-TDS/TCS payments online. All taxpayers must fill in the relevant details to make these payments. The entire process becomes simple and quick.
Taxpayers and Income Tax Slab Rates
In the Union Budget 2025, the Finance Minister of India has announced a new income tax slab. However, the new income tax regime is optional, and individuals can either opt for the new regime or file their taxes as per the old regime.
Income Tax Calculator for Salaried Employees AY 2026-27 in Excel Old and New:-
INCOME RATES & SLAB RATES FOR F.Y. 2025-26
New income tax slab rates for FY 2025-26 (AY 2026-27) after budget 2025
Budget 2025 has introduced new income tax slabs, bringing tax relief to many taxpayers. Under the proposed income tax slabs under the new tax regime for FY 2025-26 (AY 2026-27), incomes up to Rs. 4 lakh are now exempt from tax. These income tax slabs for FY 2025-26 (AY 2026-27) aim to simplify tax compliance while ensuring lower rates. The new regime remains the default option, encouraging wider adoption among taxpayers.
| New Income Tax Slabs for FY 2025-26 (AY 2026-27) | New Income Tax Rate for FY 2025-26 (AY 2026-27) |
| Up to Rs. 4,00,000 | NIL |
| From Rs. 4,00,001 to Rs. 8,00,000 | 5% |
| From Rs. 8,00,001 to Rs. 12,00,000 | 10% |
| From Rs. 12,00,001 to Rs. 16,00,000 | 15% |
| From Rs. 16,00,001 to Rs. 20,00,000 | 20% |
| From Rs. 20,00,001 to Rs. 24,00,000 | 25% |
| Above Rs. 24,00,001 | 30% |
The income tax rebate has been increased from Rs. 25,000 to Rs. 60,000 under the new tax regime. As a result of this enhanced rebate, individuals with an annual income of up to Rs. 12 lakh will have no tax liability. Additionally, salaried taxpayers can benefit from a standard deduction of Rs. 75,000, which means those earning up to Rs. 12.75 lakh annually will not be required to pay any income tax under the revised structure.
Additionally, the tax deduction limit for senior citizens has been doubled from Rs. 50,000 to Rs. 1 lakh, providing further relief to elderly taxpayers.
The Finance Minister stated that these tax revisions would result in the government foregoing Rs. 1 lakh crore in direct tax revenue and Rs. 2,600 crore in indirect taxes.
(Income Tax Rates & Slab for Individuals & HUF)
Income Tax Rate & Slab for Senior Citizen (60 To 80 Year)
(वरिष्ठ नागरिक सामान्य रूप से भारत में निवास%
अधिभार – शिक्षा उपकर: आयकर का 4%
Madhya Pradesh Professional Tax Slab Rate
Professional tax is the tax imposed via way of means of the authorities on all folks that are salaried specialists or are specialists including attorneys or doctors. This tax of Madhya Pradesh relies upon at the tax slab price widespread in Madhya Pradesh.
Professional Tax:
Professional tax is the tax levied via way of means of the Government of India on character incomes profits from profits or specialists including doctors, attorneys, accountants. Professional tax is imposed at country degree in India and every country has a exceptional technique of accumulating tax. Professional tax is a supply of sales for the authorities. Professional tax is obligatory in India similar to profits tax.
Professional Tax in Madhya Pradesh
Working professionals, buyers and those hired in different locations should pay expert tax if their income qualifies for it. The expert tax levied is accrued through the nation authorities of Madhya Pradesh and the tax levied relies upon at the expert tax slab price of Madhya Pradesh.
Download – Income Tax Calculator Software 2025-26
Download – Income Tax Software with Form 16 | ||
| INCOME TAX CALCULATOR FOR RAJASTHAN (आयकर गणना Fy 2024-25) | ||
| Files Name | Financial Year | Download Link |
| Rajasthan Govt Employees Income Tax Calculator in Excel | 2025-26 | Click Here |
| Rajasthan Income Tax Calculator Excel (Police Department) | 2024-25 | Click Here |
| Rajasthan Income Tax Calculator Excel (Health Department) | 2024-25 | Click Here |
| Rajasthan Income Tax Calculator Excel (Dairy Fedration) | 2024-25 | Click Here |
| Income Tax Calculator Blank PDF | 2025-26 | Click Here |
| CENTRAL GOVERNMENT | ||
| Income Tax Calculator India Excel (Central Govt Employees) | 2025-26 | Click Here |
| UTTAR PRADESH | ||
| Uttar Pradesh Income Tax Calculator in Excel | 2025-26 | Click Here |
| MADHYA PRADESH | ||
| Madhya Pradesh Income Tax Calculator in Excel | 2025-26 | Click Here |
| BIHAR | ||
| Bihar Income Tax Calculator in Excel | 2025-26 | Click Here |
| UTTARAKHAND | ||
| Uttarakhand Income Tax Calculator in Excel | 2025-26 | Click Here |
| CHATTISGARH | ||
| Chattisgarh Income Tax Calculator in Excel | 2025-26 | Click Here |
| HARIYANA | ||
| Hariyana Income Tax Calculator in Excel | 2025-26 | Click Here |
| WEST BENGAL | ||
| West Bengal Income Tax Calculator in Excel | 2025-26 | Click Here |