Income Tax Calculator India (FY 2026–27)

Calculate your income tax instantly using the latest FY 2026–27 tax rules. Compare the Old and New Tax Regimes, estimate your tax liability, and find out which option helps you save more.

Calculate Your Income Tax with the Latest FY 2026–27 Rules

Use our free Income Tax Calculator India to estimate your tax liability using the latest FY 2026–27 tax rules. Compare the Old and New Tax Regimes, calculate deductions, view tax summaries, and discover which option helps you save more tax.

Compare Old vs New Regime

Instantly compare both tax regimes and choose the one that gives you the lowest tax liability.

Supports Multiple Income Sources

Calculate tax on salary, business income, house property, capital gains, interest, dividends, and more.

Detailed Tax Summary

View taxable income, deductions, rebate, cess, surcharge, and final tax with interactive charts.

Latest Tax Benefits

Includes the latest standard deduction, Section 87A rebate, and other applicable deductions based on current tax rules.

Download & Share Reports

Download your tax summary or share your results instantly for planning and record keeping.

100% Free & Secure

All calculations happen in your browser. No personal or financial information is stored on our servers.

How to Use the Income Tax Calculator

  1. Select the Tax Year
    The calculator is updated for the latest FY 2026–27 tax rules. Verify the Financial Year before calculating.
  2. Enter Your Personal Details
    Choose your taxpayer category (Individual, Senior Citizen, or Super Senior Citizen). You can optionally enter your name and PAN for the downloadable report.
  3. Provide Your Income Details
    Enter your annual salary, pension, business income, house property income, capital gains, interest income, dividends, and any other taxable income.
  4. Enter Eligible Deductions
    Add deductions like Section 80C, 80D, NPS, HRA, home loan interest, and other eligible deductions (mainly applicable under the Old Tax Regime).
  5. Calculate Your Tax
    Click "Calculate Tax" to generate your tax calculation instantly.
  6. Compare Both Tax Regimes
    Review your tax under the Old and New Tax Regimes, compare savings, and identify the better option.
  7. Download or Share Your Report
    Download your tax summary or share it with your accountant or family for future tax planning.

Income Tax Calculator (FY 2026–27)

This calculator uses the latest Budget 2025/26 rules for FY 2026–27. The New Regime now features a ₹75,000 Standard Deduction and zero tax up to ₹12 Lakhs income.

1. Personal Information

Your name for the downloadable report. Not stored.
Your PAN is safe. It's used for display on your report only and is stored temporarily in your browser during this session. We do not collect this data.
Enter FY 2025–26 for the current ITR filing or FY 2026–27 for advance tax planning and estimating your current year's tax liability.
Enter AY 2026-27 for the current ITR filing or FY 2027-28 for advance tax planning and estimating your current year's tax liability.
Affects basic exemption limit in Old Regime.

2. Income Details (Annual)

If salaried. Standard Deduction of ₹75,000 will be auto-applied.
Treated similar to salary. Standard Deduction applies.
Standard deduction of 1/3rd or ₹15,000 (whichever is less) auto-applies.
Enter net profit after all allowable business expenses. (Not for presumptive schemes like 44AD/AE/ADA - enter final profit).
After municipal taxes & 30% std. deduction. Max loss set-off ₹2L against other income. For self-occupied property with loan, this can be negative (interest paid, max ₹2L).
Enter total taxable capital gains. (Note: Specific tax rates for certain capital gains are not applied by this simplified slab calculator). This amount is added to total income.

Other Income Sources

For 80TTA/TTB deduction (Old Regime). Also include in 'Other Income from Other Sources' if not specified elsewhere.
Taxable interest from FDs, RDs, bonds etc.
Total dividends received from shares/mutual funds.
E.g., winnings from lottery (taxed differently but add here for GTI), gifts above threshold etc.

3. Deductions (Primarily for Old Regime)

If applicable and calculated separately. (This tool doesn't calculate HRA).
EPF, PPF, LIC, ELSS, Tuition Fees, Home Loan Principal etc. (Overall limit ₹1,50,000).
Max limits: Self/Family ₹25k (₹50k if sr. citizen) + Parents ₹25k (₹50k if sr. citizen). Enter total eligible.
Additional employee contribution to NPS (Max ₹50,000).
Interest on loan for self-occupied property. This contributes to 'Loss from House Property' (max ₹2,00,000). Ensure this isn't double-counted if already included in 'Net Income/Loss from House Property'.
Paid for let-out property. Should ideally be deducted when calculating 'Net Income from House Property'. If entered here, ensure it's not already reduced from HP income.
Sum of other eligible deductions like donations (80G), education loan interest (80E), 80TTB (if senior, over 80TTA), etc. Ensure 80TTA/TTB for savings interest isn't double-counted if 'Interest from Savings Account' is entered.
× Flower Icon

Congratulations!

You have no tax payable under the selected regime(s)!

Income Tax Slabs & Rates (FY 2026–27)

The following tax slabs are applicable for FY 2026–27. Health & Education Cess of 4% is applicable on the total tax payable. Salaried individuals under the New Tax Regime are eligible for a ₹75,000 Standard Deduction. The Old Tax Regime continues to allow eligible deductions such as Section 80C, 80D, HRA, and home loan benefits.

Old Tax Regime

Individuals (Below 60 Years)

  • Up to ₹2,50,000 – Nil
  • ₹2,50,001 – ₹5,00,000 – 5%
  • ₹5,00,001 – ₹10,00,000 – 20%
  • Above ₹10,00,000 – 30%

Senior Citizens (60–79 Years)

  • Up to ₹3,00,000 – Nil
  • ₹3,00,001 – ₹5,00,000 – 5%
  • ₹5,00,001 – ₹10,00,000 – 20%
  • Above ₹10,00,000 – 30%

Super Senior Citizens (80+ Years)

  • Up to ₹5,00,000 – Nil
  • ₹5,00,001 – ₹10,00,000 – 20%
  • Above ₹10,00,000 – 30%

Section 87A Rebate: Tax rebate available for eligible individuals with taxable income up to ₹5 lakh under the Old Tax Regime.

New Tax Regime (Default)

  • 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%

Section 87A Rebate: Eligible resident individuals can receive a rebate resulting in nil tax liability up to ₹12 lakh taxable income under the prescribed conditions.

Standard Deduction: ₹75,000 for eligible salaried employees and pensioners.

Surcharge Rates

  • 10% on taxable income above ₹50 lakh up to ₹1 crore.
  • 15% on taxable income above ₹1 crore up to ₹2 crore.
  • 25% on taxable income above ₹2 crore up to ₹5 crore.
  • Old Regime: Maximum surcharge 37% above ₹5 crore.
  • New Regime: Maximum surcharge 25%.

Tax slabs and rebate rules are subject to amendments announced by the Government of India. This calculator uses the latest available FY 2026–27 rates.

📄 Types of ITR Forms & Filing Deadlines (FY 2026–27)

ITR-1 (Sahaj)

  • Resident Individuals
  • Total income up to ₹50 lakh
  • Salary, one house property & other sources
  • Not applicable for business income, capital gains or foreign assets
  • Normal Due Date: 31 July*

ITR-2

  • Individuals & HUFs
  • Capital gains, foreign income or foreign assets
  • Multiple house properties
  • No business or professional income
  • Normal Due Date: 31 July*

ITR-3

  • Individuals & HUFs
  • Business or professional income
  • Includes salary, capital gains and other income
  • Suitable for proprietors & professionals
  • Normal Due Date: 31 July*

ITR-4 (Sugam)

  • Presumptive taxation (Sections 44AD, 44ADA & 44AE)
  • Individuals, HUFs & eligible firms
  • Eligible business/professional income only
  • Subject to prescribed limits
  • Normal Due Date: 31 July*

ITR-5

  • LLPs, Firms, AOPs & BOIs
  • Not applicable to Individuals
  • Business entities other than companies
  • Normal Due Date: 31 October*

ITR-6

  • Companies (other than those claiming exemption under Section 11)
  • Electronic filing mandatory
  • Applicable to registered companies
  • Normal Due Date: 31 October*

ITR-7

  • Trusts, NGOs & Charitable Institutions
  • Political parties & educational institutions
  • Filed under applicable provisions
  • Normal Due Date: 31 October*

Tax Saving Investments

  • Plan eligible deductions under the Old Regime
  • Includes Sections 80C, 80CCD(1B), 80D and more
  • Complete investments before the financial year ends
  • Deadline: 31 March

Belated / Revised Return

  • Missed the original due date?
  • Correct errors in an already filed return
  • Available within the prescribed deadline under the Income-tax Act
  • Check the latest government notification before filing.

*Note: Filing due dates may be extended by the Income Tax Department. Always verify the latest deadline before filing your Income Tax Return.

Who Can Use This Income Tax Calculator?

Salaried Employees

Compare the Old and New Tax Regimes, estimate your tax liability, and plan your salary efficiently.

Business Owners & Freelancers

Estimate income tax on business or professional income and compare tax regimes before filing your return.

Tax Planning

Understand the impact of deductions, rebates, and tax slabs to reduce your overall tax liability.

Investment Planning

Evaluate eligible tax-saving investments under the Old Tax Regime and compare the overall tax benefit.

ITR Preparation

Estimate your tax before filing your Income Tax Return and avoid surprises during the filing process.

Retirement & Financial Planning

Plan your long-term finances by understanding how taxes affect your savings and retirement goals.

Income Tax Calculation Examples

Example 1 – Salaried Employee

Annual Salary: ₹12,00,000
Standard Deduction: ₹75,000
80C Investment: ₹1,50,000
80D: ₹25,000
HRA Exemption: ₹60,000

Use these values to compare the Old and New Tax Regimes and find the better option.

Example 2 – Business Professional

Business Income: ₹15,00,000
FD Interest: ₹50,000
PPF Investment: ₹1,00,000
Other Income: ₹30,000

Enter these values into the calculator to estimate your tax under both tax regimes.

These examples are for illustration only. Actual tax liability depends on your income, deductions, and the applicable tax rules.

Frequently Asked Questions

1. Which Financial Year's tax rules does this calculator use?

This calculator supports both FY 2025–26 (AY 2026–27) for the current ITR filing season and FY 2026–27 (AY 2027–28) for advance tax planning. Select the appropriate Financial Year before calculating your tax.

2. Is the Standard Deduction available under both tax regimes?

Yes. Eligible salaried employees and pensioners can claim a Standard Deduction of ₹50,000 under the Old Tax Regime and ₹75,000 under the New Tax Regime. The calculator automatically applies the correct deduction based on the selected tax regime.

3. How does the Section 87A rebate work?

Old Tax Regime: Eligible resident individuals with taxable income up to ₹5 lakh can claim a rebate under Section 87A, making the tax liability nil (subject to applicable conditions).

New Tax Regime: Eligible resident individuals may receive a rebate resulting in nil tax liability up to ₹12 lakh taxable income under the applicable provisions. The calculator automatically applies the latest rebate rules.

4. Can business owners and freelancers use this calculator?

Yes. Business owners, freelancers, and professionals can enter their annual business or professional income. This calculator estimates tax based on the income entered and compares both tax regimes. It does not prepare financial statements or calculate profits under presumptive taxation schemes automatically.

5. How are Capital Gains calculated?

This calculator provides an estimate by including your taxable capital gains in your total income. Some capital gains are taxed at special rates under the Income-tax Act, so the result may differ from your actual tax liability in such cases.

6. Is my personal information safe?

Yes. Your information remains on your device. Optional details such as your name or PAN are used only for generating your downloadable report. We do not store, transmit, or share your personal or financial information.

7. Does this calculator file my Income Tax Return (ITR)?

No. This calculator estimates your income tax liability only. It does not file your Income Tax Return. You should verify your figures and file your ITR through the official Income Tax e-Filing portal or consult a tax professional.

8. Is this calculator free to use?

Yes. This Income Tax Calculator is completely free to use. There are no subscriptions, registrations, or hidden charges.

9. Which tax regime should I choose?

It depends on your income and eligible deductions. The calculator compares both the Old and New Tax Regimes and shows which one results in lower tax liability based on the information you enter.

10. How accurate is this Income Tax Calculator?

This calculator follows the latest published income tax rules for the selected Financial Year and provides a reliable estimate. However, certain incomes, such as some capital gains or special tax cases, may require additional calculations. For official tax filing, always verify your figures before submitting your Income Tax Return.

Need Help with Income Tax?

Have questions about this Income Tax Calculator, tax calculations, the Old vs New Tax Regime, or found an issue? We'd love to hear from you. Send us your questions, suggestions, or feedback, and our team will get back to you as soon as possible.

Contact Us

Trusted by Thousands for 100+ Free Online Tools

Join a growing community of creators, developers, and businesses who rely on our all-in-one tools platform for secure, fast, and free online tools. Your trust is our top priority—no sign-ups, no hidden costs, and complete privacy.

Leave a Review Read User Testimonials

Why Choose Our Income Tax Calculator?

Latest FY 2026–27 Rules

Built using the latest Income Tax rules, including updated tax slabs, standard deduction, and Section 87A rebate provisions.

Old vs New Regime Comparison

Instantly compare both tax regimes to identify the option that results in the lowest tax liability.

Detailed Tax Breakdown

View taxable income, deductions, rebate, surcharge, cess, and total tax through clear summaries and charts.

Fast, Secure & Mobile Friendly

Your calculations run directly in your browser. No registration is required, and your financial information is not stored.

Whether you're a salaried employee, freelancer, business owner, or retiree, this calculator helps you estimate your income tax quickly and compare the Old and New Tax Regimes. While every effort is made to keep the calculator updated with the latest tax rules, the results are estimates. For official tax filing or complex financial situations, please consult a qualified Chartered Accountant or tax professional.