Income Tax

Income Tax Calculator (FY 2026-27)

Compare your estimated tax under the old and new regimes using annual income, exemptions, and deductions.

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Step 1

Income Sources

Annual

The estimate applies the 30% house-property standard deduction. Municipal taxes and vacancy adjustments are not modelled.

Crypto/NFT transfer gains are taxed at 30% plus cess and kept outside regular slab deductions.

Step 2

Exemptions

Old regime

Enter the exempt portion only. HRA/LTA eligibility depends on salary, rent, city, and proof.

Step 3

Deductions

Capped

80CCD(2) (NPS Employer)

80G depends on donation type and qualifying limits. This estimator uses the amount entered.

Understand the estimate

How this income tax calculator works

The calculator estimates annual tax under both regimes, applies the deductions available to each regime, adds applicable surcharge and 4% Health and Education Cess, and highlights the lower estimate. It is designed for individual salary planning rather than return filing.

1. Add income

Enter annual salary and supported income sources. Add VDA gains separately because they use a special tax rate.

2. Add eligible claims

Enter exemptions and deductions you can substantiate. The calculator applies its documented caps.

3. Compare estimates

Review taxable income, estimated tax including cess, effective rate, and the difference between regimes.

Old vs New Regime

Income-tax slab comparison for FY 2026-27

Rates apply progressively to the portion of taxable income within each slab. The old regime uses age-based basic exemption limits for eligible resident individuals; the new regime uses the same slabs for all ages.

Regime and taxpayer Nil up to Intermediate slabs 30% above
OldBelow 60 ₹2.5 lakh 5%: ₹2.5–₹5 lakh20%: ₹5–₹10 lakh ₹10 lakh
OldResident, 60–79 ₹3 lakh 5%: ₹3–₹5 lakh20%: ₹5–₹10 lakh ₹10 lakh
OldResident, 80+ ₹5 lakh 20%: ₹5–₹10 lakh ₹10 lakh
NewAll ages ₹4 lakh 5%: ₹4–₹8 lakh10%: ₹8–₹12 lakh15%: ₹12–₹16 lakh20%: ₹16–₹20 lakh25%: ₹20–₹24 lakh ₹24 lakh

Old regime rebate: Eligible resident individuals with total income up to ₹5 lakh may receive a Section 87A rebate of up to ₹12,500.

New regime rebate: Eligible resident individuals with total income up to ₹12 lakh may receive a rebate of up to ₹60,000, with marginal relief available just above the threshold.

Special-rate income can affect rebate eligibility and is not necessarily covered by the rebate. The final estimate also applies surcharge and 4% Health and Education Cess where relevant.

Worked example

Using the page defaults—₹15 lakh salary, ₹25,000 interest income, ₹1 lakh exempt allowance, and common old-regime deductions—the estimate is approximately:

Old regime
₹1,60,680
New regime
₹1,01,400

That example is illustrative and includes 4% cess. Change the fields to match your own eligible income and claims.

Important limitations

  • • It does not calculate capital gains, agricultural-income integration, foreign income, AMT, relief under sections for arrears or double taxation, interest, or filing penalties.
  • • Donation eligibility, house-property treatment, employer NPS limits, and special-rate income can require case-specific review.
  • • The result is an educational estimate, not a tax return or professional recommendation.

Official references and review

Rates and assumptions were reviewed on 28 June 2026 against official Income Tax Department and Union Budget material. The Income-tax Act, 2025 applies from 1 April 2026 and retains a default new regime with an option to opt out for eligible taxpayers.

Sources reviewed:

  • Income Tax Department — Tax Rates
  • Income Tax Department — Income-tax Act, 2025 FAQ
  • Ministry of Finance — Union Budget 2026 Memorandum
HRA Calculator → PPF Calculator →