Income Tax Calculator 2026-27 | Calculate Your Tax Online Free

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Income Tax Calculator

Compare Old vs New Regime — FY 2025-26 (AY 2026-27)

FY 2025-26

Step 1 — Basic Information

Annual Income (Gross) Before any deductions

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Age Category

Employment Type

Step 2 — Deductions (Old Regime)

Section 80C Max ₹1,50,000

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HRA Exemption Actual exempt amount

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Section 80D Health Insurance

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NPS 80CCD(1B) Max ₹50,000

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Home Loan Interest Sec 24(b) Max ₹2,00,000

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Other Deductions 80E, 80G, 80TTA etc.

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Monthly Take-Home
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Monthly Tax (TDS)

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Effective Tax Rate

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🆕 New Regime

Gross Income—

Standard Deduction—

Taxable Income—

Tax on Slabs—

Rebate 87A—

Surcharge—

Health & Ed. Cess (4%)—

Total Tax—

🏛️ Old Regime

Gross Income—

Total Deductions—

Taxable Income—

Tax on Slabs—

Rebate 87A—

Surcharge—

Health & Ed. Cess (4%)—

Total Tax—

📊 Income Breakdown — Best Regime

Take-Home

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Income Tax

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Cess

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⚠️ This is an estimate for planning purposes. Actual tax may vary based on additional incomes, deductions, and specific assessments. Consult a CA for exact tax computation.

Income Tax Calculator — FY 2025-26

This free income tax calculator helps you compute your exact tax liability under both the Old Tax Regime and New Tax Regime for FY 2025-26 (AY 2026-27). Simply enter your annual income, age, and deductions to instantly see which regime saves you more tax.

New Tax Regime Slabs — FY 2025-26

The new regime (default from FY 2024-25) has been made more attractive. Income up to ₹12 lakh is effectively tax-free thanks to the Section 87A rebate of ₹60,000. Salaried individuals get an additional ₹75,000 standard deduction, making the tax-free limit ₹12.75 lakh.

Old vs New Regime — Which is Better?

The new regime works better for most people with fewer deductions. However, if you invest heavily in 80C instruments, pay HRA, have a home loan, or pay health insurance premiums — your total deductions may exceed ₹3.75 lakh, making the old regime more beneficial. Use the calculator above to find your exact answer.

Frequently Asked Questions

Which tax regime is better — old or new?▾

It depends on your deductions. If your total deductions (80C, HRA, 80D etc.) exceed ₹3.75 lakh, the old regime usually saves more tax. If your deductions are lower, the new regime is better. Use our calculator above to compare both instantly.

What is the tax-free limit under the new regime in FY 2025-26?▾

Under the new regime, income up to ₹12 lakh is effectively tax-free due to the Section 87A rebate of ₹60,000. For salaried individuals, the standard deduction of ₹75,000 makes the effective tax-free limit ₹12.75 lakh.

Is the new tax regime mandatory from FY 2025-26?▾

No. The new regime is the default regime, but you can still opt for the old regime when filing your ITR. Salaried employees can switch regimes every year. Business owners and professionals can switch only once from old to new.

What deductions are allowed under the new tax regime?▾

The new regime allows very few deductions — standard deduction of ₹75,000 for salaried, employer NPS contribution under 80CCD(2), and Agniveer corpus fund. Most popular deductions like 80C, HRA, 80D, and home loan interest are NOT available.

How is surcharge calculated on income tax?▾

Surcharge applies on the tax amount (not income) when income exceeds ₹50 lakh. Rates: 10% for above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (new regime cap), and 37% above ₹5Cr (old regime only). Health & Education Cess of 4% applies on tax + surcharge.