Free Tax Tool for India

Income Tax Calculator with Old vs New Regime Comparison

Estimate income tax payable for AY 2026-27 and instantly compare the old tax regime with the new tax regime using salary, deductions, rebate and cess.

AY 2026-27Old vs New4% Cess87A Rebate

Enter Income Details

Use annual figures. This tool is designed for resident individual taxpayers and salaried/pension income estimates.

Income & Deductions

Enter salary or regular income before standard deduction and Chapter VI-A deductions.
Example: 80C, 80D, 80CCD(1B), eligible donations, etc.
Add eligible HRA exemption, home loan interest set-off and similar old regime benefits.
Usually claimable under old regime for salaried taxpayers, where applicable.
Example: eligible employer NPS contribution u/s 80CCD(2), if applicable.
Apply Section 87A rebate where taxable income is within the applicable limit.
Recommended optionNew RegimeEstimated saving: ₹1,17,000
New Regime Tax₹0
Old Regime Tax₹1,17,000
New Taxable Income₹11,25,000
Old Taxable Income₹10,00,000
ParticularsOld RegimeNew Regime
Gross income₹12,00,000₹12,00,000
Standard deduction₹50,000₹75,000
Other deductions / benefits₹1,50,000₹0
Taxable income₹10,00,000₹11,25,000
Tax before rebate₹1,12,500₹52,500
Rebate / marginal relief₹0₹52,500
Surcharge₹0₹0
Health & education cess₹4,500₹0
Estimated tax payable₹1,17,000₹0

This is an estimate for planning only. Final tax may change due to surcharge marginal relief, special-rate income, capital gains, employer perquisites, exemptions and return-filing rules.

New Tax Regime (AY 2026-27)

Up to ₹4,00,000Nil
₹4,00,001 – ₹8,00,0005%
₹8,00,001 – ₹12,00,00010%
₹12,00,001 – ₹16,00,00015%
₹16,00,001 – ₹20,00,00020%
₹20,00,001 – ₹24,00,00025%
Above ₹24,00,00030%

Old Tax Regime (AY 2026-27)

Below 60: up to ₹2,50,000Nil
Senior citizen: up to ₹3,00,000Nil
Super senior: up to ₹5,00,000Nil
Next slab up to ₹5,00,0005%
₹5,00,001 – ₹10,00,00020%
Above ₹10,00,00030%

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FAQs

Important Note: Documents and calculations generated through this free tool should be reviewed and verified before official use.