Income Tax Calculator FY 2026-27 & FY 2025-26 (New vs Old Regime)
Reviewed by Finin2min · Last reviewed 8 September 2026
2-minute answer
Income Tax Calculator FY 2026-27 & FY 2025-26 (New vs Old Regime) is a decision-support tool. Use exact inputs, review the assumptions and applicable legal/rate framework, and keep the underlying documents before relying on the output.
What this page answers
- Page content
- 📤 Auto-fill from Form 16 BETA
- 🧾 Income Tax Engine — FY 2026-27 & FY 2025-26 (AY 2026-27)
- 📋 Your Tax Snapshot
- 🩺 Tax Health Score
Practical checklist
- Enter facts from source documents, not estimates where exact figures are available.
- Review the assumptions/rate framework before relying on the result.
- Test edge cases such as thresholds, dates, ownership shares or special-status cases.
- Use the output as a working computation and retain the supporting evidence.
Related Finin2min guidance
Page content
✓ Compare New vs Old Regime
✓ Upload Form 16
✓ Find Hidden Tax Savings
✓ Download Tax Optimization Report
📤 Auto-fill from Form 16 BETA
Skip the manual entry — upload your Form 16 PDF (Part A + Part B) and we'll auto-fill the fields below. Processing happens entirely in your browser; your document is never uploaded to our servers.
Document type: Form 16 (PDF)
🧾 Income Tax Engine — FY 2026-27 & FY 2025-26 (AY 2026-27)
COMPARE TAX REGIMES
Old regime basic exemption differs by age. New regime same for all.
Primary Salary Components
Only the qualifying portion of DA is included in "salary" for HRA exemption (Rule 2A), employer PF's 12% exempt limit (Rule 6) and the 80CCD(2) cap — per your terms of employment.
FY 25-26: Metro = Delhi · Mumbai · Kolkata · Chennai
HRA — Period-wise (Rule 2A) Use if basic, HRA, rent or city changed mid-year (job change/transfer/raise)
Employer's contribution to an approved superannuation fund — counts toward the combined ₹7.5L Section 17(2)(vii) perquisite threshold alongside employer PF + NPS.
Equity (Listed Shares / Equity MF)
LTCG: 12.5% above ₹1.25L exemption | STCG: 20% (Budget 2024)
Property (Immovable Assets)
Applies ONLY where the asset transferred was itself a residential house, and the gain is reinvested in a new residential house within 1yr before / 2yrs after sale (or 3yrs for construction). The cost of the new residential house considered for exemption is capped at ₹10 crore — reinvestment above ₹10 crore is not considered. This field reduces only Property LTCG — it never reduces Gold LTCG, Equity LTCG, Property STCG or any other capital gain. Section 54F proportional exemption for sale of a non-residential asset is not calculated here — use the dedicated Capital Gains Calculator or the official ITR utility.
NHAI/REC/PFC/IRFC bonds within 6 months of transfer — exempts remaining Property LTCG up to the amount invested (cap ₹50L), applied after the Section 54 exemption above.
Property LTCG: 12.5% without indexation (post July 23, 2024) | STCG at slab rate
Crypto & Digital Assets (VDA) — Section 115BBH add each transaction — losses are never netted across transactions
Flat 30% + 4% cess. No deductions except cost of acquisition. A loss here gets no tax benefit (Section 115BBH) — it is not carried forward or set off.
Gold / Debt MF / Other
Section 50AA: units acquired on/after 1 Apr 2023 that meet the 65%+ debt-asset composition test are taxed at slab rate regardless of holding period (no LTCG/indexation benefit). Non-specified debt MF acquired before 1 Apr 2023: LTCG at 12.5%, no indexation (Budget 2024), for holding >24 months — use the CG Calculator.
Gold LTCG: 12.5% flat (post Budget 2024, no indexation). SGB maturity is exempt only for an individual who subscribed at original issue and held continuously to maturity; secondary-market purchases and premature redemption are taxable from tax year 2026-27. Physical gold >2yr = 12.5% LTCG.
Capital Losses — Current Year & Brought Forward
Short-term loss this year. Sets off equity STCG first, then other STCG, then LTCG.
Long-term loss this year. Sets off against LTCG only (any asset class).
Brought-Forward Capital Losses — Year-wise Section 74 — usable only in the 8 assessment years following the loss year
⚠ VDA/Crypto losses: no set-off or carry-forward (Section 115BBH). Speculative losses: set off against speculative gains only.
Section 44AD — Presumptive Business (Turnover ≤ ₹3Cr/₹2Cr)
Agency, commission/brokerage and goods-carriage businesses are statutorily excluded from Section 44AD.
UPI/NEFT/RTGS/cheque → deemed profit 6%
Cash turnover → deemed profit 8%
Section 44AD: limit ₹3Cr if ≥95% receipts are digital; ₹2Cr otherwise. Resident individuals/HUF only — NRIs are not eligible. Deemed net profit auto-computed.
Section 44ADA — Professionals
Section 44ADA applies only to professions specifically notified under Section 44AA(1). NRIs are not eligible.
Deemed profit: 50% of gross receipts (for eligible professionals)
Limit is ₹75L only if cash receipts ≤5% of gross receipts; otherwise ₹50L (Finance Act 2023).
Normal Business Income
Form 10-IEA & Regime Legal Availability applies only if you have business/professional income
Family Pension Income
Auto-deduction applied: New regime: min(pension÷3, ₹25,000) · Old regime: min(pension÷3, ₹15,000)
Interest Income
Only savings-account interest qualifies for Section 80TTA (below 60). Do not include FD/RD interest here.
FD, RD and other deposit interest. Section 80TTB (senior citizens) covers this plus savings interest; Section 80TTA (below 60) does not.
Rental Income — Simple Mode
30% standard deduction applied automatically. Use Full HP Engine below for detailed computation.
🏠 House Property — Full Engine (Section 22–27) Add one or more properties; overrides simple mode above
Section 71B — set off against current-year house-property income; unabsorbed amount carries forward 8 years (old regime).
Used to check the 8-year carry-forward expiry.
Section 80C (Max ₹1,50,000)
80C cap is ₹1.5L including employee PF + ELSS + LIC + PPF + principal repayment
Section 80D — Health Insurance
Enter the deduction amount AFTER applying the statutory limit yourself — not your raw premium/expenditure. Includes the ₹5,000 preventive-health-check-up sub-limit within this overall cap. Cash payment is disallowed for premium (preventive check-up may be paid in cash).
Enter the deduction amount AFTER applying the statutory limit yourself — not your raw premium/expenditure. ₹25,000 if parents are below 60; ₹50,000 if either parent is a senior citizen (covers premium, or eligible medical expenditure if the senior parent has no health insurance).
This determines the Self & Family cap (₹25,000, or ₹50,000 if either the taxpayer or the covered spouse is a resident senior citizen — age 60+ and resident in India). The taxpayer's own age/residency is read from the Personal Details section above; select "Yes" here only if it is the SPOUSE who is the resident senior citizen (if the taxpayer themself is the senior citizen, this is already detected automatically).
NPS — National Pension System
Enter the employer's NPS contribution as shown in your Form 16/CTC breakup. If "Yes" (default): the engine assumes this amount is already part of Basic/DA/Special Allowance above and will not add it again — only the 80CCD(2) deduction is applied (Form 16 / gross salary usually already includes employer NPS). If "No": the engine adds this contribution to gross salary and then separately claims the eligible amount as a deduction u/s 80CCD(2) — only the portion exceeding the statutory cap (10%/14% of Basic+DA) remains taxable. If "Not sure": the regime recommendation is withheld — this calculator will not guess. Check your Form 16 "Salary u/s 17(1)" vs "Perquisites u/s 17(2)" lines, then re-select Yes or No to get a definitive result.
80CCD(2) is over & above 80C and available in BOTH regimes — new regime: 14% of Basic+DA for all employer types. Old regime: 10% of Basic+DA for private/PSU employees, 14% for Central Government and State Government employees.
Home Loan & Other Deductions
Section 80G — Donations (Category-wise)
Full 100% deduction, no qualifying limit
Cash above ₹2,000 gets no deduction (Sec 80G(5D)).
50% deduction, no qualifying limit cap
Cash above ₹2,000 gets no deduction (Sec 80G(5D)).
100% of donation, capped at 10% of Adjusted Gross Total Income (e.g. govt for family planning, certain approved institutions).
Cash above ₹2,000 gets no deduction (Sec 80G(5D)).
50% of donation, capped at 10% of Adjusted Gross Total Income.
Cash above ₹2,000 gets no deduction (Sec 80G(5D)).
Below 60 (80TTA): Savings bank interest ONLY — max ₹10,000. FD/RD/post-office term-deposit interest does NOT qualify for 80TTA.
Senior / Super-senior (80TTB): ALL deposit interest (savings + FD + RD + post-office) — max ₹50,000.
Senior / Super-senior (80TTB): ALL deposit interest (savings + FD + RD + post-office) — max ₹50,000.
Old regime only, max ₹1.5L. Loan sanction 2019-22, stamp duty ≤ ₹45L. Eligible amount is interest left over after Section 24(b) already absorbs it — entering interest already claimed under 24(b)/80EE will not double-count.
Additional Deductions (Old Regime Only)
Auto-computed as the least of: ₹5,000/month (₹60,000/yr), 25% of adjusted total income, or rent paid (see "Annual Rent Paid" above) minus 10% of adjusted total income. Requires Annual Rent Paid > ₹0 and HRA Received = ₹0. Form 10BA must be filed before claiming this deduction. Old regime only.
Full contribution to Agniveer Corpus Fund deductible. Available in both regimes. Agnipath scheme personnel only.
Eligible expenditure = max(0, qualifying expenditure − reimbursement), capped at ₹40,000 (patient below 60) or ₹1,00,000 (patient is a senior citizen) — the patient's age, not the taxpayer's. Cancer, neurological diseases, AIDS, chronic kidney failure etc. Specialist prescription required. Resident individuals only.
Fixed amount only — not a free entry. Disability certificate + Form 10-IA required. Resident individuals only.
Fixed amount only — not a free entry. Cannot be claimed if the dependent claims 80U. Form 10-IA required. Resident individuals only.
Max ₹1,50,000. Loan from a financial institution for EV purchase, sanctioned 01 Apr 2019 – 31 Mar 2023 only.
100% deduction for donations to registered political parties / electoral trusts. Cash payments are not eligible at all — the deduction is ₹0 unless the non-cash confirmation above is checked. No monetary cap. Section 80GGC has no residency restriction (available to any person other than a local authority or wholly/partly government-funded artificial juridical person).
80RRB: patent royalty, max ₹3,00,000. 80QQB: author royalty/copyright (non-textbook books), max ₹3,00,000. Resident individuals only.
ESOPs & RSUs (Listed Company)
Taxed as salary income at your slab rate. TDS deducted by employer at exercise.
📅 Section 112A Equity LTCG — Grandfathering (pre-Feb 2018 holdings)
Applies if you hold equity shares / equity-MF units acquired BEFORE 1 Feb 2018.
Cost of acquisition = higher of: (a) actual purchase cost, (b) lower of: FMV on 31 Jan 2018 or sale consideration.
Leave blank / zero if all holdings are post-Feb 2018.
Original cost of acquisition for holdings bought before 1 Feb 2018.
Highest quoted NAV/price on BSE/NSE on 31 Jan 2018. Refer broker statement or AMC records.
Grandfathered LTCG = Sale Proceeds − Deemed Cost. Enter ONLY proceeds for holdings acquired pre-Feb 2018.
Post-Jul 23, 2024: rate = 12.5% (no indexation), ₹1.25L exemption.
Grandfathered LTCG will be DEDUCTED from the Equity LTCG field above and recomputed using deemed cost.
🚫 Foreign Income / Foreign Tax Credit — Not Supported
Foreign income, foreign assets, foreign tax credit, DTAA relief, Sections 90/90A/91 and Form 67 are not supported by this calculator. Please use the official Income Tax utility or consult a qualified tax professional.
Marginal Relief & Surcharge
✅ Marginal relief applied automatically (statutory — First Schedule, Finance Acts)
Bonus Tax Impact Analysis
See how this additional bonus changes your tax liability and effective rate.
Alternate Minimum Tax — Section 115JC (Non-Corporates)
AMT = 18.5% × ATI (ATI = Total Income + these deductions). Applies if regular tax < AMT. AMT credit carry-forward: 15 years.
Transport & Conveyance (New Regime Allowances)
Max ₹3,200/mo = ₹38,400/yr. Both regimes. For orthopedically handicapped employees.
Actual conveyance for official duty. Both regimes. Not commuting.
🌾 Agricultural Income — Rate Integration (Section 2(1A) + Section 10(1))
Exempt from tax (Section 10(1)) but used for rate uplift if > ₹5,000 AND other income > basic exemption. Old regime only — integration method: Tax on (normal+agri) minus Tax on (exemption+agri). Disclose in Schedule EI of ITR.
Section 89(1) Relief — Salary Arrears / Advance Salary
Section 89 relief requires year-wise arrears details and filing of Form 10E. This calculator does not compute Section 89 relief. Use the official Income Tax utility or consult a tax professional.
TDS Deducted at Source (Form 26AS / AIS)
Total TDS deducted by employer during FY. Reflects in Form 26AS.
TDS on FD interest, rent, contractual payments, etc. (26AS / AIS).
TCS on vehicles, LRS/foreign remittance, education abroad etc. Credit available.
Advance Tax Paid — Quarterly Instalments
Due dates: 15 Jun (15%) · 15 Sep (45%) · 15 Dec (75%) · 15 Mar (100%) of estimated tax. Advance tax not required if liability < ₹10,000.
Tax paid via challan after March 31, at time of or before ITR filing.
Section 234C proviso: no interest on the Q1–Q3 shortfall attributable to capital gains, dividend or lottery income that arose AFTER that instalment's due date, provided the tax on it is paid in the immediately following instalment (Q4/15 Mar).
ITR Filing Dates — Section 234A/234B/234C/234F Interest & Fee Calculation
Leave blank = on-time filing assumed. The due date used for Section 234A/234F is set from your filer category below (AY 2026-27): 31 Jul for salaried/no-business ITR-1/2; 31 Aug for non-audit business/profession ITR-3/4; 31 Oct if audited u/s 44AB; 30 Nov for transfer-pricing cases.
Select "Yes" if your accounts are subject to tax audit u/s 44AB — the Section 139(1) due date is 31 October 2026.
Select "Yes" if you must furnish a Form 3CEB transfer-pricing report — the Section 139(1) due date is 30 November 2026.
The 234A/B/C/F late-filing interest module supports AY 2026-27 (FY 2025-26) only — the same slabs, rebate and deduction logic used for the main tax computation above apply equally to FY 2026-27.
Section 234A: 1% p.m. interest on tax unpaid after due date of filing. Section 234B: 1% p.m. if advance tax < 90% of assessed tax (tax − TDS). Section 234C: 1% × 3 months per quarterly shortfall. Section 234F: flat late-filing fee of ₹5,000 (₹1,000 if total income ≤ ₹5L) where the return is filed after the due date.
🎯 Key Insights — At a Glance
📋 Your Tax Snapshot
You Can Save
₹0
by choosing the right regime
Recommended Regime
—
Monthly In-Hand
₹0
Annual Income
₹0
Tax Payable
₹0
Tax Saved (vs other regime)
₹0
Effective Tax Rate
0%
🩺 Tax Health Score
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Enter your details
Your score reflects how well you're using available deductions and the right tax regime.
📐 Detailed Computation — Old vs New Regime
Old Regime
₹0
Effective rate: 0%
Total Income (all heads incl. CG)₹0
Total Deductions (slab income)₹0
Taxable Income (slab-rate only)₹0
Basic Tax₹0
Surcharge₹0
Cess (4%)₹0
87A Rebate (slab income)₹0
Total Tax Payable₹0
Monthly Tax₹0
New Regime
₹0
Effective rate: 0%
Total Income (all heads incl. CG)₹0
Std. Deduction₹75,000
NPS 80CCD(2)₹0
Taxable Income (slab-rate only)₹0
Basic Tax₹0
Surcharge₹0
Cess (4%)₹0
87A Rebate (slab income only)₹0
Total Tax Payable₹0
Monthly Tax₹0
💡 Recommendations
Total Income
₹0
All heads of income
Best Regime Tax
₹0
—
Regime Saving
₹0
By choosing better regime
Monthly Take-Home
₹0
Best regime
Effective Rate
0%
Best regime on gross
Marginal Rate
30%
On last ₹1 earned
📊 Income & Tax Waterfall
💰 Net Tax Payable / Refund — TDS & Advance Tax
Enter TDS / Advance Tax details in the Tax Paid tab to compute net payable or refund.
📋 Calculation Data Export
JSON contains an indicative calculation summary for personal review (capital-gains set-off, loss carry-forward and full tax summary for both regimes). It is not an official ITR JSON and cannot be uploaded to the Income Tax portal.
📐 Marginal Tax Rate — Slab Breakdown
| Income Slab | Rate | Taxable in Slab | Tax in Slab |
|---|
New Regime FY 2026-27 & FY 2025-26 slabs shown (identical for both years). Old regime slabs vary by age category. Highlighted row = your current slab. Before surcharge + cess.
Personalised Tax Optimizer
Enter your income details to get personalized tax optimization insights.
🏗️ Salary Restructuring Recommendations
NPS 80CCD(2) Headroom
—
Employer NPS can be increased
HRA Optimization
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HRA exemption utilization
Bonus Tax Impact
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On current bonus
LTA Exemption
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Travel-claim eligibility required
🧾 Income Computation — Audit Trail (New Regime)
Click to expand · All figures before CG & cess📖
New vs Old Tax Regime — Which is better for you?
Break-even crossover analysis, regime-comparison guidance, deduction-by-deduction comparison for FY 2025-26.
Read Full Guide →
💼
Salary Optimisation: CTC vs In-Hand — Components That Save TaxEmployer NPS 14%, HRA, food coupons, LTA — legally increase take-home by ₹50K–₹1.2L. AY 2026-27.
Read Guide →
🏠
HRA Exemption: Rules, Formula & Maximum Limit FY 2025-26Three-condition formula, metro vs non-metro, new city classifications — Section 10(13A) explained.
Read Guide →
📋
Section 80C: Full List, Limits & Best Options FY 2025-26ELSS vs PPF vs NPS vs LIC vs FD — ₹1.5L limit, lock-in periods, returns compared.
Read Guide →
📖
Finance Glossary — TDS, HRA, 80C, NPS, STCG, LTCG, AY, FY and 200+ tax terms explained
Browse Glossary →
🕐
Last updated: 8 September 2026 · Income-tax Act, 2025 (FY 2026-27) & Finance Act 2025 · New regime slabs FY 2026-27 & FY 2025-26 (AY 2026-27)
Methodology →
✅ Why Trust This Calculator?
📜 Finance Act based — built on Finance Act 2025 slabs, rebates and surcharge rules for AY 2026-27, unchanged for FY 2026-27 under the Income-tax Act, 2025
🔍 Transparent methodology — every figure (HRA, NPS, capital gains, AMT) shown with a step-by-step breakdown
📊 Updated tax slabs — new and old regime slabs, Section 87A rebate and marginal relief kept current with the latest Budget
🧮 Detailed breakdowns — regime break-even analysis and personalized tax-saving opportunities, not just a final number
Income Tax Slabs FY 2026-27 & FY 2025-26 (New Regime)
The new tax regime slabs introduced in Budget 2025 apply unchanged to both FY 2025-26 (Assessment Year 2026-27) — the year currently being filed — and FY 2026-27, the financial year now underway. No new slab revision has been notified for FY 2026-27; the only change is that the Section 87A rebate is cited as Section 156 under the Income-tax Act, 2025 rather than the old Section 87A.
| Taxable Income Slab | Tax Rate — FY 2026-27 & FY 2025-26 |
|---|---|
| ₹0 – ₹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% |
Standard deduction of ₹75,000 applies to salaried taxpayers under the new regime before these slabs. With the Section 87A/156 rebate, taxable income up to ₹12 lakh (₹12.75 lakh gross salary after standard deduction) attracts zero tax. The old regime retains its pre-2025 slabs (₹2.5L/3L/5L basic exemption depending on age, with 80C/80D/HRA/home-loan deductions available) — use the calculator above to compare both regimes with your exact figures.
How to Use the Income Tax Calculator
Enter your gross annual income from salary or business, then toggle between the New Tax Regime and Old Tax Regime to estimate your tax liability under each based on the figures you enter. Under the old regime, enter your deductions — 80C investments (up to ₹1.5L), HRA exemption, 80D health insurance premium, and home loan interest — to see the regime that saves you more tax. The calculator computes base tax, surcharge, cess, effective tax rate, and net in-hand amount.
New vs Old Tax Regime: Key Differences at a Glance
| Feature | New Regime (Default) | Old Regime |
|---|---|---|
| Standard Deduction | ₹75,000 | ₹50,000 |
| Section 80C | Not available | Up to ₹1.5L |
| HRA Exemption | Not available | Available |
| Section 80D (Health) | Not available | Up to ₹50K (seniors) |
| NPS 80CCD(1B) | Not available | ₹50,000 extra |
| Home Loan Interest Section 24(b) | Not available | Up to ₹2L |
| Zero-tax income limit (effective) | ₹12.75L (87A rebate) | ₹5L (87A rebate) |
How Income Tax Is Calculated (Step-by-Step)
This income tax calculator follows the exact computation method prescribed by the Finance Act 2025 for FY 2025-26 (AY 2026-27) — the same method applies for FY 2026-27 under the Income-tax Act, 2025, since the slabs, rebate and deduction rules are unchanged year-on-year:
- Gross Total Income — Salary (basic, DA, HRA, allowances, perquisites), business/professional income, capital gains, house property income and other sources are added together.
- Exemptions & Standard Deduction — HRA exemption u/s 10(13A) (old regime) and standard deduction (₹75,000 new regime / ₹50,000 old regime) are deducted from salary income.
- Chapter VI-A Deductions — Under the old regime, 80C (₹1.5L), 80D, 80CCD(1B) NPS, home loan interest u/s 24(b), 80E, 80G, 80TTA/80TTB and others reduce taxable income. The new regime allows only 80CCD(2) employer NPS.
- Slab-wise Tax — Tax is computed on the resulting taxable income using the applicable slab rates (new regime FY 2025-26 slabs or old regime slabs based on age category).
- Capital Gains & Special Rate Income — Equity LTCG/STCG (Section 112A/Section 111A), property & gold LTCG (Section 112), and crypto (Section 115BBH) are taxed separately at their special rates, after adjusting for current-year and brought-forward losses.
- Section 87A Rebate — A full tax rebate applies if taxable income is within the prescribed limit (₹12L new regime / ₹5L old regime), with marginal relief tapering the rebate near the threshold.
- Surcharge & Cess — Surcharge (10%–37% based on income slabs, capped under the new regime) is added to the tax, followed by a 4% Health & Education Cess on (tax + surcharge), with marginal relief applied at each surcharge threshold.
Top Tax-Saving Tips for FY 2026-27 & FY 2025-26
- Maximise Section 80C (₹1.5L): EPF, PPF, ELSS mutual funds, life insurance premium and principal repayment on home loans all count towards this limit — old regime only.
- Invest an extra ₹50,000 in NPS (80CCD(1B)): Available exclusively in the old regime, over and above the 80C limit — can save up to ₹15,600 in tax for those in the 30% bracket.
- Claim HRA exemption (Section 10(13A)): If you pay rent and receive HRA, ensure rent receipts and PAN of landlord (if rent > ₹1L/yr) are available — old regime only.
- Buy adequate health insurance (80D): Premiums for self, family and parents are deductible up to ₹25,000–₹1L depending on age — old regime only.
- Use employer NPS contributions (80CCD(2)): Unlike most deductions, this is available in both regimes — ask your employer to restructure your CTC to include NPS contributions up to 14% of basic+DA.
- Offset capital losses: Short-term capital losses can be set off against both STCG and LTCG; long-term losses only against LTCG. Unused losses can be carried forward for 8 years.
- Check the Regime Break-even: Use the Regime Break-even Analysis above to see exactly how much more you'd need to invest for the old regime to beat the new regime — don't switch regimes blindly.
Income Tax on Common Salary Levels (FY 2026-27 & FY 2025-26)
Here's how much income tax you'd pay at common salary levels under the New Regime (₹75,000 standard deduction, no other deductions) versus the Old Regime (with ₹1.5L under 80C, HRA, ₹50,000 NPS 80CCD(1B) and home loan interest where applicable). Figures are computed by this calculator's engine for FY 2025-26 (AY 2026-27) and rounded to the nearest ₹100 — your exact numbers will depend on your actual income mix and deductions.
| Gross Salary | New Regime Tax | Old Regime Tax (with deductions) | Better Regime |
|---|---|---|---|
| ₹10,00,000 | ₹0 (0%) | ₹75,400 (7.54%) | New Regime |
| ₹15,00,000 | ₹97,500 (6.50%) | ₹1,71,600 (11.44%) | New Regime |
| ₹20,00,000 | ₹1,92,400 (9.62%) | ₹3,35,400 (16.77%) | New Regime |
| ₹25,00,000 | ₹3,19,800 (12.79%) | ₹4,99,200 (19.97%) | New Regime |
⚠️ Illustrative example only. Actual tax depends on deductions, exemptions, capital gains and income sources. Old Regime "with deductions" assumes ₹1.5L (80C) + HRA (25% of basic, with rent at 30% of basic) + ₹50,000 (80CCD(1B) NPS) + ₹1.5L–₹2L home loan interest where applicable. Your actual deductions may differ — enter your real numbers in the calculator above for a precise comparison.
Income-tax Act, 2025 note: Section 87A (the rebate that zeroes out tax up to ₹12 lakh taxable income under the new regime) is renumbered as Section 156 under the Income-tax Act, 2025, effective FY 2026-27. The rebate mechanics, slabs and thresholds are unchanged — only the section citation differs between FY 2025-26 (Section 87A) and FY 2026-27 onward (Section 156). Verify against the Gazette text before citing a section number for a filing.
Frequently Asked Questions
Related Calculators
⚠ Disclaimer
All calculators on Finin2min are for informational and illustrative purposes only. Tax computations are based on Finance Act 2025 and publicly available Indian tax law. Section 87A rebate, surcharge, and marginal relief calculations are indicative — verify with a Chartered Accountant before filing ITR. Finin2min is not a registered financial advisor, CA, tax consultant, or legal professional. Always consult a qualified CA or SEBI-registered advisor before making financial decisions.
Methodology, assumptions and sources
Scope: Computes total income tax liability under both the new and old tax regimes for individuals, applying slab rates, standard deduction, applicable Chapter VI-A deductions (old regime) and rebate/surcharge/cess, for the assessment year selected.
Calculation logic
- Compute gross total income from all heads (salary, house property, capital gains, other sources) as entered.
- Apply the standard deduction and, under the old regime, all Chapter VI-A deductions entered (80C, 80D, HRA, etc.); the new regime applies only the limited deductions it permits.
- Apply slab rates for the regime and assessment year selected to arrive at tax before rebate.
- Apply Section 87A rebate where total income is within the eligible threshold for the regime selected, then add surcharge (where applicable, with marginal relief) and health-and-education cess to arrive at final tax payable.
Inputs and assumptions
- Slab rates, rebate thresholds and surcharge slabs follow the Finance Act provisions in force for the assessment year selected.
- Old-regime deductions are applied only where the user selects the old regime and enters the relevant deduction amounts.
Exclusions and edge cases
- Does not compute tax for non-individual entities (companies, firms, trusts) — this calculator is scoped to individual taxpayers.
- Set-off/carry-forward of losses across years is not modelled — that requires the full ITR loss schedule.
- Dividend income is not separately modelled for the surcharge cap. The surcharge schedule caps the rate at 15% on income taxed under Sections 111A, 112 and 112A and on dividend income. This calculator applies that cap to the 111A/112/112A components only, because it has no separate dividend income input — dividend entered under "income from other sources" is treated as ordinary income. If your dividend income is large enough to push total income past ₹50 lakh or ₹2 crore, the surcharge shown here may be higher than your actual liability. Have the surcharge computed by a CA in that case.
Sources
Review status: reviewed and approved by CA Nikhil Gupta on 4 June 2026.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Official starting point
- www.incometax.gov.in