TAX · CALCULATOR
Income Tax Calculator
Compare tax under the new and the old regime side by side for Tax Year 2026-27 (Income-tax Act 2025) or FY 2025-26 (1961 Act): age, NRI status, HRA worked out for you, rent, interest, dividends and equity gains, every surcharge tier with marginal relief, and 4% cess.
Breakdown
Growth over time
Year by year
How this is calculated
New regime: nil up to ₹4 lakh, then 5% / 10% / 15% / 20% / 25% in ₹4 lakh steps and 30% above ₹24 lakh; ₹75,000 standard deduction; residents pay nothing up to ₹12 lakh taxable income (rebate up to ₹60,000, with marginal relief just above ₹12 lakh). The rebate does not cover tax on equity capital gains. Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60-80, ₹5 lakh at 80+), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above; ₹50,000 standard deduction and deductions. Equity STCG 20%, LTCG 12.5% above ₹1.25 lakh. Rent gets a 30% standard deduction. Surcharge 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, 37% above ₹5 crore (new regime and equity gains capped), with marginal relief at every step; 4% cess on top. The slabs did not change in Budget 2026; only the Act and section numbers did.
What the letters mean: Taxable income = gross income − standard deduction − HRA exemption (old regime) − deductions. HRA exempt = lowest of HRA received, rent − 10% of basic + DA, and 50% (metro) or 40% of basic + DA. Marginal relief: the extra tax can never be more than the income above the limit.
Timing: All amounts are for the full tax year (1 April to 31 March).
Default values: Tax year: Tax Year 2026-27 (new Act, 2025) · Your age: Below 60 · Gross salary or pension (yearly): ₹15.00 L · Interest from FDs, bonds (yearly): ₹0 · Investments: PF, PPF, ELSS, LIC…: ₹1.50 L · Health insurance: self & family: ₹25,000 · Home-loan interest (self-occupied): ₹0 · Residential status: Resident · Basic + DA (monthly, for HRA and employer NPS): ₹50,000 · HRA received (monthly): ₹0 · Rent you pay (monthly): ₹0 · City: Delhi, Mumbai, Kolkata, Chennai · Savings-account interest (yearly): ₹0 · Rent you receive (yearly): ₹0 · Home-loan interest on the rented house: ₹0 · Dividends (yearly): ₹0 · Short-term gains, listed shares / equity funds: ₹0 · Long-term gains, listed shares / equity funds: ₹0 · Any other income (yearly): ₹0 · Own NPS, extra: ₹0 · Employer NPS: ₹0 · Health insurance: parents: ₹0 · Parents are senior citizens: No · Education-loan interest: ₹0 · Donations (eligible amount): ₹0
Results are estimates, not investment or tax advice. Real returns go up and down; interest rates, taxes and charges change the actual amount. Please check with a CA or the income tax portal before filing.