Income Tax Calculator
Work out your income tax for FY 2026-27 or 2025-26 under both regimes – salary, HRA, house property, interest and deductions – and see which regime saves more, with every step of the calculation.
At a glance
- New-regime slabs for FY 2026-27, unchanged by Budget 2026: nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% in steps of ₹4 lakh, and 30% above ₹24 lakh.
- No tax up to ₹12 lakh of taxable income in the new regime thanks to the rebate (section 87A, section 156 of the 2025 Act) – a salary of ₹12.75 lakh after the ₹75,000 standard deduction – with marginal relief just above.
- Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60–79, ₹5 lakh at 80+), then 5%, 20% and 30%, with a rebate up to ₹5 lakh and a ₹50,000 standard deduction.
- HRA is the least of the HRA received, rent minus 10% of basic, and 50% of basic in metro cities (40% elsewhere). From FY 2026-27, Bengaluru, Hyderabad, Pune and Ahmedabad join Delhi, Mumbai, Kolkata and Chennai at 50%.
- Old-regime deductions with their limits: 80C ₹1.5 lakh, NPS 80CCD(1B) ₹50,000, 80D, 80E, 80G, 80TTA/80TTB and home-loan interest up to ₹2 lakh. The new regime allows the employer’s NPS contribution up to 14% of basic.
- Surcharge of 10%, 15% and 25% (37% in the old regime above ₹5 crore) with marginal relief, and 4% health and education cess.
- Shows which regime is cheaper, by how much, and the extra deductions the old regime would need to break even. Everything stays in your browser.
Step by step
How to calculate your income tax
- 1
Choose the year and your age
Pick FY 2026-27 or FY 2025-26, and your age group for the old-regime slabs.
- 2
Enter your salary
Type your gross salary, basic pay, HRA received and rent paid – per month or per year – and your city.
- 3
Add other income
Add interest, other income and any house property: home-loan interest, or rent from a let-out home.
- 4
Add deductions
Enter 80C, NPS, health insurance and other deductions; they count only in the old regime.
- 5
Compare
Read the tax under both regimes, which one is lower, and the full breakdown slab by slab.
Features
Everything you need, nothing you don’t
Both regimes side by side
Every figure is worked out under the new and the old regime at once, with the cheaper one marked and the difference in rupees.
The full working
Gross income, exemptions, deductions, taxable income, slab-by-slab tax, rebate, marginal relief, surcharge and cess – line by line.
HRA done properly
The three-way HRA rule with the right city rate for the year, including the four cities added to the 50% list from 2026-27.
Monthly or yearly
Type your salary per month or per year, and see the tax per month to compare with the TDS on your payslip.
Break-even deductions
If the new regime wins, see how much more you would need to invest or claim before the old regime would pay off.
Private
Your salary and deductions never leave your device; they are kept in this browser for next time.
New tax regime slabs, FY 2025-26 and 2026-27
A rebate of up to ₹60,000 makes the tax nil when taxable income is ₹12 lakh or less. Just above ₹12 lakh, marginal relief caps the tax at the income above ₹12 lakh, until about ₹12.7 lakh.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old tax regime slabs
A rebate of up to ₹12,500 makes the tax nil when taxable income is ₹5 lakh or less.
| Taxable income | Below 60 | 60 to 79 | 80 and over |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 – ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
New or old regime: tax on salary
With cess, for a resident under 60 with only salary income, using the standard deduction, ₹1.5 lakh under 80C and ₹25,000 under 80D in the old regime. Large HRA and home-loan claims can tip the balance – enter yours above.
| Salary | New regime | Old regime with ₹1.75 lakh of deductions |
|---|---|---|
| ₹8 lakh | ₹0 | ₹28,600 |
| ₹10 lakh | ₹0 | ₹70,200 |
| ₹12.75 lakh | ₹0 | ₹1,32,600 |
| ₹15 lakh | ₹97,500 | ₹2,02,800 |
| ₹20 lakh | ₹1,92,400 | ₹3,58,800 |
| ₹25 lakh | ₹3,19,800 | ₹5,14,800 |
| ₹30 lakh | ₹4,75,800 | ₹6,70,800 |
What changed in 2026
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026. It speaks of a single “tax year” instead of the previous year and assessment year, and renumbers the sections – the 87A rebate, for example, is now section 156 – but Budget 2026 kept the rates, the ₹12 lakh rebate limit and the ₹75,000 standard deduction.
Under the new Income-tax Rules, 2026, HRA in Bengaluru, Hyderabad, Pune and Ahmedabad is worked out at 50% of salary, like Delhi, Mumbai, Kolkata and Chennai. For FY 2025-26 those four cities stay at 40%.
FAQ
Frequently asked questions
Is income up to ₹12 lakh tax-free?
Which tax regime is better for me?
How is HRA exemption calculated?
Can I switch between the old and new regimes?
What is marginal relief?
Does this calculator include capital gains?
Keep going
Related tools
Home Loan EMI Calculator
Free home loan EMI calculator: EMI, interest and schedule, prepayments that cut years off, rate changes, RBI LTV limits, tax benefit and loan eligibility.
GST Calculator
GST calculator for India: add or remove GST at 5%, 18% or 40%, split CGST, SGST and IGST, total a multi-item bill and check the 2026 GST rate of any item.
PPF Calculator
Calculate PPF maturity and interest for yearly or monthly deposits at 7.1% or any rate — with 5-year extensions, a year-wise statement and a goal planner.
SIP Calculator
Calculate SIP returns for any monthly investment, rate and period — with yearly step-up, a lump sum, inflation, tax on gains and a goal planner. Free.
EMI Calculator
Calculate your loan EMI, total interest and full repayment schedule instantly. See yearly charts, the impact of prepayments and download the schedule.
BMI Calculator
Free BMI calculator: enter height in feet or cm and weight in kg or lb to see your BMI, WHO or Asian (Indian) category and healthy weight range.
Last updated Report a problem or suggest a feature