Income Tax Calculator
Income Tax Calculator for India
Estimate your tax under both the old and new regimes for FY 2025-26 and Tax Year 2026-27, with a transparent breakdown of every step.
Results are estimates based on the inputs you provide and the rules for the selected tax year. They do not constitute tax advice. Please consult a qualified professional before filing.
Before deductions, excluding employer NPS.
Old regime only.
Deductible under both regimes, within statutory limits.
I live in a metro city
Delhi, Mumbai, Kolkata or Chennai affects HRA exemption.
Have capital gains this year? Compute them transaction by transaction and bring the result to your CA.
Capital Gains CalculatorOld regime vs new regime
The new regime offers lower slab rates but withdraws most exemptions and Chapter VI-A deductions, retaining the standard deduction for salaried taxpayers and the employer NPS contribution. The old regime keeps HRA, housing-loan interest on a self-occupied property and the familiar 80C, 80D and 80TTA-style deductions, but taxes income at higher rates. The right choice depends entirely on what you can genuinely claim.
How to calculate income tax in India
Income is first classified under five heads salary, house property, business or profession, capital gains and other sources. Those figures are aggregated into gross total income, deductions are applied, and slab rates give the tax on the balance. Rebate, surcharge and cess are then applied to arrive at the final liability.
Income tax slabs for FY 2025-26
Slab rates differ by regime and, under the old regime, by age band. Switch the tax year and age band above to see the applicable slabs reflected in the breakdown.
Tax Year 2026-27 under the Income Tax Act, 2025
The new Act replaces the previous year / assessment year framework with a single "tax year". Where rules remain to be notified, this calculator carries forward the current position and flags the assumption.
Deductions and exemptions explained
Deductions reduce taxable income; exemptions keep specified receipts outside the tax net. Each one carries eligibility conditions and statutory caps, and several are available only under the old regime.
Income Tax Calculator FAQs
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