Income Tax Calculator

Income Tax Calculator — FY 2025-26 (AY 2026-27)

Income Tax Calculator

FY 2025-26 (AY 2026-27)

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Section 87A rebate is applied only for an eligible Resident Individual.

Affects Old Regime exemption limits only — the New Regime is the same for every age.

Income Details

Net of the 30% standard deduction and eligible home-loan interest. A negative amount is treated as a house-property loss: old regime can set off up to ₹2 lakh this year; new regime cannot set it off against other heads.

Standard deduction doesn't apply to this portion — it's a salary-only benefit. Enter net profit only; business/professional losses are not modeled in this calculator.

Not included: Capital gains (from stocks, mutual funds, property, etc.) are taxed at their own special rates (e.g. 12.5% LTCG, 20% STCG on equity), not at slab rates — don't add them into "Other Income" above, as that would tax them incorrectly. Use a dedicated capital gains calculator for those, then add the result to your final tax separately.

Basic Salary (for HRA & NPS below)

Used only to work out HRA exemption and the employer NPS cap below — not added to your income again.

HRA / Rent Exemption (Old Regime)

If HRA Received is 0 but you pay rent — common for self-employed, business-income earners, or salaried without HRA in their package — Section 80GG is applied automatically instead. The calculation uses the statutory least-of-three tests and adjusted total income; Form 10BA and eligibility conditions still need to be satisfied when filing. The two can't be claimed together.

LTA Exemption (Old Regime)

Exemption is the lower of the two — domestic travel fare only (air/rail/bus), not hotels or food. Usable twice in a 4-year block.

Home Loan & Old-Regime Deductions

For a self-occupied property, up to ₹2,00,000 of eligible interest is treated under House Property in the Old Regime. It is not a Chapter VI-A deduction, and this calculator does not allow it as a New-Regime deduction.

Parents are senior citizens (raises 80D cap to ₹50,000)

80G donations are not included because the deduction depends on the donee category, 50%/100% treatment, qualifying-limit rules and payment method. Do not enter donations here as a simple deduction.

Should already be included in "Other Income" above.

Employer NPS Contribution (Both Regimes)

Employer NPS is calculated independently of the deductions toggle. For AY 2026-27, the Old Regime cap is 14% of Basic+DA for Central/State Government employers and 10% for PSU/other employers; the New Regime cap is 14% for all employer categories.

Tax Already Paid

These payments reduce the balance tax payable; they do not reduce the underlying tax liability.

Tax Regime Comparison

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Lower Tax

Old Regime

Tax Liability—
Balance Tax Payable / (Refund)—
Taxable Income—
Effective Rate—
Income After Tax (Annual)—
Lower Tax

New Regime

Tax Liability—
Balance Tax Payable / (Refund)—
Taxable Income—
Effective Rate—
Income After Tax (Annual)—

Breakdown (Lower-Tax Regime Based on Inputs)

Gross Total Income

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Total Deductions

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Average Monthly Income After Tax

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Tax Difference vs Other Regime

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Take-Home Tax Paid

Slab-wise breakdown

SlabIncome in SlabRateTax