Income Tax Calculator
Compare the old and the new tax regime for FY 2025-26 and FY 2026-27, with the working shown.
Your result appears here after you press Calculate.
Indicative calculation for informational purposes only. Tax liability depends on applicable law, taxpayer circumstances and the relevant financial year. Please verify the result before filing.
About this income tax calculator
This calculator estimates the income tax of an individual for one financial year and puts the two regimes side by side: the new regime, with lower slab rates and very few deductions, and the old regime, with higher rates but the familiar deductions and exemptions.
It works out taxable income, tax on each slab, the rebate for small incomes, surcharge on high incomes with marginal relief, and health and education cess. The result shows which regime gives the lower tax for the figures you entered and by how much.
The financial years available are FY 2025-26 and FY 2026-27. The year you choose decides which rule set is applied, and that rule set is named with every result.
How the calculation works
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Add up the income
Salary or pension, business or professional profit, net rental income, interest and other income are added to give gross income.
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Take off what each regime allows
Both regimes give a standard deduction against salary. The old regime also allows HRA and other exempt allowances, professional tax and the deductions you enter — each one up to its limit. The new regime ignores them.
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Apply the slab rates
Taxable income is taxed slab by slab. Under the old regime the tax-free limit is higher for resident senior and super senior citizens.
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Apply the rebate
A resident individual whose taxable income is within the rebate limit gets the tax reduced, often to nil. Just above the limit in the new regime, marginal relief stops the tax from rising faster than the income.
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Add surcharge and cess
Surcharge applies to taxable income above ₹50 lakh, with marginal relief at each step. Health and education cess is then added to arrive at the total.
Slabs and rates the calculator uses
FY 2026-27 — Tax Year 2026-27 (Income-tax Act, 2025)
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,000 to ₹8,00,000 | 5% |
| ₹8,00,000 to ₹12,00,000 | 10% |
| ₹12,00,000 to ₹16,00,000 | 15% |
| ₹16,00,000 to ₹20,00,000 | 20% |
| ₹20,00,000 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
- Standard deduction from salary: ₹75,000
- Rebate for residents: up to ₹60,000 when taxable income is not above ₹12,00,000, with marginal relief just above it
- Surcharge: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,000 to ₹5,00,000 | 5% |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
- Standard deduction from salary: ₹50,000
- Rebate for residents: up to ₹12,500 when taxable income is not above ₹5,00,000
- No tax up to ₹3,00,000 for residents aged 60–79 and up to ₹5,00,000 for residents aged 80 or above
- Surcharge: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000, 37% above ₹5,00,00,000
Health and education cess: 4% of tax and surcharge. Rates as applicable to resident and non-resident individuals after the Union Budget 2026 (slabs unchanged from FY 2025-26).
FY 2025-26 — Assessment Year 2026-27 (Income-tax Act, 1961)
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,000 to ₹8,00,000 | 5% |
| ₹8,00,000 to ₹12,00,000 | 10% |
| ₹12,00,000 to ₹16,00,000 | 15% |
| ₹16,00,000 to ₹20,00,000 | 20% |
| ₹20,00,000 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
- Standard deduction from salary: ₹75,000
- Rebate for residents: up to ₹60,000 when taxable income is not above ₹12,00,000, with marginal relief just above it
- Surcharge: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,000 to ₹5,00,000 | 5% |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
- Standard deduction from salary: ₹50,000
- Rebate for residents: up to ₹12,500 when taxable income is not above ₹5,00,000
- No tax up to ₹3,00,000 for residents aged 60–79 and up to ₹5,00,000 for residents aged 80 or above
- Surcharge: 10% above ₹50,00,000, 15% above ₹1,00,00,000, 25% above ₹2,00,00,000, 37% above ₹5,00,00,000
Health and education cess: 4% of tax and surcharge. Rates as applicable to resident and non-resident individuals under the Finance Act, 2025.
Figures last checked on 3 October 2026. Tax rules change — the year and rule set used are shown with every result.
What this calculator does not cover
- Income taxed at special rates — capital gains, lottery and game winnings — is not included. Use the Capital Gains Tax Calculator for a sale of shares, funds, property or gold.
- Only individuals are covered. HUFs, firms, companies and other taxpayers have their own rates.
- Losses, set-off of losses brought forward, agricultural income and relief for salary arrears are not handled.
- The limit on the employer's NPS contribution depends on your employer and your basic salary, so the amount is taken as you enter it.
- Advance tax interest, late filing fees and tax already deducted (TDS) are not part of the figure shown.
Filing the return
The estimate tells you roughly what to expect. For the return itself we check Form 16, the Annual Information Statement and Form 26AS, choose the regime that actually works out lower for you, and file it.
Income Tax Filing Tax Planning