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 2025–26.
This calculator helps you instantly calculate your tax liability, compare regimes, and choose the most tax-saving option — without any confusion.
Master Tax Planner & AI Advisor FY 2025-26
🇮🇳 Smart Tax Planner FY 2025-26
Income Tax + Capital Gains + Dynamic Investment Advice
✔ New vs Old Regime comparison (real-time) ✔ Smart switching between Salaried & Self-Employed ✔ Auto-disable irrelevant deduction fields ✔ Updated ₹75,000 standard deduction (New Regime – Salaried) ✔ Capital Gains (STCG & LTCG) support ✔ Interactive charts for tax comparison ✔ Excel (XLSX) tax report download ✔ Mobile-friendly & lightning fast
📊 Income Tax Slabs – FY 2025–26 (AY 2026–27)
🔹 New Tax Regime (Default)
Income Slab
Tax Rate
Up to ₹4,00,000
0%
₹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%
✅ New Regime Benefits
₹75,000 Standard Deduction (Salaried)
87A Rebate → Zero tax up to ₹12,00,000 taxable income
Simplified structure, fewer compliances
Best for salaried employees with low deductions
🔹 Old Tax Regime (Optional)
Income Slab
Tax Rate
Up to ₹2,50,000
0%
₹2,50,001 – ₹5,00,000
5%
₹5,00,001 – ₹10,00,000
20%
Above ₹10,00,000
30%
Allowed Deductions:
Section 80C (₹1.5L)
Section 80D (Health Insurance)
Section 80CCD(1B) – NPS
HRA
Home Loan Interest (24b)
Education Loan (80E)
🔍 New vs Old Regime – Which Is Better?
✅ Choose New Regime if:
You have fewer deductions
Your income is up to ₹12.75 lakh (salaried)
You want a higher take-home salary
You prefer simplicity
✅ Choose Old Regime if:
You invest heavily (PPF, ELSS, LIC)
You claim HRA or home loan benefits
You want maximum deductions
🧮 Example: Income Tax Calculation (FY 2025–26)
💼 Salaried Individual – ₹12.30 Lakh Income
Particulars
Amount
Gross Income
₹12,30,000
Standard Deduction
₹75,000
Taxable Income
₹11,55,000
Tax (New Regime)
₹0 (87A rebate)
✔ Final Tax Payable: ₹0
🧾 Self-Employed Individual – ₹12.30 Lakh Income
Details
Amount
Gross Income
₹12,30,000
Deductions
Not Applicable
Tax Payable
₹31,200 (after marginal relief)
📘 How to Use the Income Tax Calculator
1️⃣ Select Salaried or Self-Employed 2️⃣ Choose New or Old Tax Regime 3️⃣ Enter income & deductions 4️⃣ Instantly view:
Tax payable
Regime comparison
Graphical summary 5️⃣ Download Excel report
No login. No signup. 100% free.
💡 Why Use Our Income Tax Calculator?
✔ Accurate & updated for FY 2025–26 ✔ Beginner-friendly interface ✔ Smart auto calculations ✔ AI-powered recommendations ✔ Works on mobile & desktop ✔ Ideal for salaried, freelancers & business owners
