Income Tax Calculator India – FY 2026-27

Old vs new regime for FY 2026-27 and FY 2025-26

Rebate, marginal relief, surcharge & cess applied automatically

Basic Details

Income-tax Act, 2025
Income Type

Salary Components

From your payslip. Don't include employer PF – it isn't part of taxable salary.

Enter salary amounts as

Max ₹2,500/yr; deductible in old regime only

80CCD(2) – deductible in both regimes

Gross Salary (annual): ₹0

Employee Provident Fund (EPF)

Deducted from your take-home; counts towards 80C in the old regime.

PF contribution mode

Employee PF (annual)

₹0

EPF interest rate (FY 2025-26)

8.25% p.a.

Other Income

Annual amounts. Interest is taxable at slab rates.

80TTA: up to ₹10,000 deductible (old regime)

Fully taxable

Rent, freelance etc. (net, slab-rate income)

Enter your income above to see your tax under both regimes.

🔒 Calculated in your browser – nothing is uploaded. Estimate for resident/non-resident individuals with slab-rate income; capital gains, lottery and other special-rate income are not included. Verify with a tax professional before filing.

What is an Income Tax Calculator?

An income tax calculator estimates your tax from your income, deductions and the tax regime you choose. This calculator follows the slabs for FY 2026-27 (Tax Year 2026-27, Income-tax Act 2025) and FY 2025-26, which are the same because Budget 2026 made no change to rates. It compares the old and new regimes side by side, applies the rebate and its marginal relief, surcharge with marginal relief, 4% cess and rounding, and shows your monthly take-home after PF and professional tax.

How to Use This Calculator

1

Pick the tax year

FY 2026-27 is selected by default; switch to FY 2025-26 for this year's return

2

Choose income type, age and residency

Salaried or business; age and residency affect old-regime slabs and the rebate

3

Enter income

Salary components (monthly or annual) or business income, plus interest and other income

4

Add old-regime deductions

80C, 80D, HRA or 80GG, NPS, home loan interest and LTA

5

Compare and decide

See both regimes, the slab-wise working and which one saves more

Why Use This Income Tax Calculator?

Up to date

FY 2026-27 rules, including Income-tax Rules 2026 HRA cities and the new EPF wage ceiling

Correct edge cases

Marginal relief just above ₹12 lakh and at each surcharge threshold

Regime comparison

Line-by-line old vs new computation with slab breakdown

Salaried & business

No standard deduction for business income; 80GG for those without HRA

Real take-home

Monthly in-hand after tax, employee PF and professional tax

Private

Everything is calculated in your browser – nothing is uploaded

Frequently Asked Questions

Budget 2026 kept the slabs unchanged, so FY 2026-27 (Tax Year 2026-27) uses the same new-regime slabs as FY 2025-26: up to ₹4 lakh – nil; ₹4–8 lakh – 5%; ₹8–12 lakh – 10%; ₹12–16 lakh – 15%; ₹16–20 lakh – 20%; ₹20–24 lakh – 25%; above ₹24 lakh – 30%. Add 4% health and education cess.
Yes, for resident individuals. The rebate (Section 87A of the 1961 Act, Section 156 of the Income-tax Act 2025) of up to ₹60,000 makes taxable income up to ₹12 lakh tax-free. For salaried people, the ₹75,000 standard deduction means a salary of up to ₹12.75 lakh pays no tax. Just above ₹12 lakh, marginal relief caps the tax at the amount by which income exceeds ₹12 lakh. The rebate is not available on special-rate income such as capital gains.
₹75,000 under the new regime and ₹50,000 under the old regime, for salaried employees and pensioners. It is not available against business or professional income.
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026 and uses a single 'Tax Year' instead of previous year and assessment year. Tax rates did not change. The Income-tax Rules, 2026 extended the 50% HRA exemption limit to Bengaluru, Hyderabad, Pune and Ahmedabad (in addition to Delhi, Mumbai, Kolkata and Chennai), and raised several perquisite and allowance limits. Income earned in FY 2025-26 is still taxed under the 1961 Act.
The new regime is the default and is usually better unless you claim large deductions (HRA, 80C, 80D, home-loan interest, NPS). Enter your deductions in this calculator and it compares both regimes and recommends the one with lower tax. Taxpayers without business income can choose a regime every year while filing their return; those with business or professional income can switch back to the new regime only once.
Only a few: the ₹75,000 standard deduction, employer's contribution to NPS under Section 80CCD(2) up to 14% of basic + DA, Agniveer Corpus Fund contributions, and family pension deduction. 80C, 80D, HRA, LTA, professional tax and home-loan interest on a self-occupied house are not allowed.
Surcharge is 10% above ₹50 lakh, 15% above ₹1 crore and 25% above ₹2 crore. Above ₹5 crore it is 37% in the old regime but capped at 25% in the new regime. Marginal relief ensures the extra tax at each threshold never exceeds the extra income. This calculator applies marginal relief automatically.
Under the old regime, HRA exemption is the least of: (1) actual HRA received, (2) rent paid minus 10% of basic + DA, and (3) 50% of basic + DA in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune or Ahmedabad (from FY 2026-27; only the first four for FY 2025-26), or 40% elsewhere. If you don't receive HRA, you may claim Section 80GG instead.
Yes. The EPF wage ceiling was raised from ₹15,000 to ₹25,000 per month with effect from 17 September 2026. If your PF is restricted to the ceiling, your employee contribution rises from ₹1,800 to ₹3,000 a month. This calculator applies the old ceiling till 16 September 2026 and the new one after that for FY 2026-27.

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