Calculating income tax in India can be confusing due to changing slabs, deductions, rebates, and the choice between the New Tax Regime vs Old Tax Regime.
To simplify everything, we created the Income Tax Calculator India 2026, a powerful and accurate tool based on the latest Union Budget 2025โ26.
This calculator helps you instantly calculate your tax liability, compare regimes, and choose the most tax-saving option โ without any confusion.
Master Tax Planner & AI Advisor FY 2025-26
๐ฎ๐ณ Smart Tax Planner FY 2025-26
Income Tax + Capital Gains + Dynamic Investment Advice
โ New vs Old Regime comparison (real-time) โ Smart switching between Salaried & Self-Employed โ Auto-disable irrelevant deduction fields โ Updated โน75,000 standard deduction (New Regime โ Salaried) โ Capital Gains (STCG & LTCG) support โ Interactive charts for tax comparison โ Excel (XLSX) tax report download โ Mobile-friendly & lightning fast
๐ Income Tax Slabs โ FY 2025โ26 (AY 2026โ27)
๐น New Tax Regime (Default)
Income Slab
Tax Rate
Up to โน4,00,000
0%
โน4,00,001 โ โน8,00,000
5%
โน8,00,001 โ โน12,00,000
10%
โน12,00,001 โ โน16,00,000
15%
โน16,00,001 โ โน20,00,000
20%
โน20,00,001 โ โน24,00,000
25%
Above โน24,00,000
30%
โ New Regime Benefits
โน75,000 Standard Deduction (Salaried)
87A Rebate โ Zero tax up to โน12,00,000 taxable income
Simplified structure, fewer compliances
Best for salaried employees with low deductions
๐น Old Tax Regime (Optional)
Income Slab
Tax Rate
Up to โน2,50,000
0%
โน2,50,001 โ โน5,00,000
5%
โน5,00,001 โ โน10,00,000
20%
Above โน10,00,000
30%
Allowed Deductions:
Section 80C (โน1.5L)
Section 80D (Health Insurance)
Section 80CCD(1B) โ NPS
HRA
Home Loan Interest (24b)
Education Loan (80E)
๐ New vs Old Regime โ Which Is Better?
โ Choose New Regime if:
You have fewer deductions
Your income is up to โน12.75 lakh (salaried)
You want a higher take-home salary
You prefer simplicity
โ Choose Old Regime if:
You invest heavily (PPF, ELSS, LIC)
You claim HRA or home loan benefits
You want maximum deductions
๐งฎ Example: Income Tax Calculation (FY 2025โ26)
๐ผ Salaried Individual โ โน12.30 Lakh Income
Particulars
Amount
Gross Income
โน12,30,000
Standard Deduction
โน75,000
Taxable Income
โน11,55,000
Tax (New Regime)
โน0 (87A rebate)
โ Final Tax Payable: โน0
๐งพ Self-Employed Individual โ โน12.30 Lakh Income
Details
Amount
Gross Income
โน12,30,000
Deductions
Not Applicable
Tax Payable
โน31,200 (after marginal relief)
๐ How to Use the Income Tax Calculator
1๏ธโฃ Select Salaried or Self-Employed 2๏ธโฃ Choose New or Old Tax Regime 3๏ธโฃ Enter income & deductions 4๏ธโฃ Instantly view:
Tax payable
Regime comparison
Graphical summary 5๏ธโฃ Download Excel report
No login. No signup. 100% free.
๐ก Why Use Our Income Tax Calculator?
โ Accurate & updated for FY 2025โ26 โ Beginner-friendly interface โ Smart auto calculations โ AI-powered recommendations โ Works on mobile & desktop โ Ideal for salaried, freelancers & business owners
