Income tax calculator
Estimate your income tax for FY 2025-26 (AY 2026-27). Switch between the old and new regime to see which leaves more in your pocket.
How the tax is worked out
Your income is reduced by the standard deduction (and your other deductions in the old regime) to get taxable income. The slab rates are applied step by step, the Section 87A rebate is checked, and a 4% cess is added.
Under the new regime, the 87A rebate makes taxable income up to \u20b912 lakh tax-free. Under the old regime, the rebate applies up to \u20b95 lakh and deductions like 80C and HRA can lower your taxable income further.
FAQs about income tax
Which tax year does this calculator use?
It uses the slabs for FY 2025-26 (assessment year 2026-27), including the revised new-regime slabs and the standard deduction for salaried taxpayers.
Do I pay tax up to ₹12 lakh under the new regime?
Under the new regime, a rebate under Section 87A means income up to ₹12 lakh of taxable income has no tax. With the ₹75,000 standard deduction, a salary up to about ₹12.75 lakh can be tax-free.
What is the difference between the old and new regime?
The old regime has higher rates but allows deductions such as 80C, HRA, and home loan interest. The new regime has lower, wider slabs but removes most deductions. This tool lets you compare both.
What deductions can I enter for the old regime?
Use the deductions field for the total of exemptions you claim — such as 80C investments, 80D health insurance, HRA, and home loan interest. The new regime ignores this field.
Is cess included?
Yes. A 4% health and education cess is added to the tax in both regimes. Surcharge for very high incomes above ₹50 lakh is not included here.
Is this an exact tax figure?
It is a close estimate for salaried taxpayers. Your actual liability can change with surcharge, capital gains, and other income, so treat it as a planning guide.