Income Tax Calculator India 2026
Compare income tax under old and new regime AY 2026-27. Includes 87A rebate, surcharge, cess. Find which regime saves more.
Disclaimer: Tax calculations are estimates based on current slabs and may not reflect all deductions or surcharges applicable to your situation. Consult a qualified Chartered Accountant (CA) before filing your returns.
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About Income Tax Calculator 2026-27
Calculate income tax for AY 2026-27 under both Old and New Regime. Enter salary, all deductions (80C, HRA, NPS, home loan interest) and instantly see which regime saves more with a side-by-side comparison.
India runs two parallel tax systems since Budget 2020: the New Regime, which has lower slab rates but removes most deductions, and the Old Regime, which keeps deductions like 80C (₹1.5L), HRA, and home loan interest but taxes income at higher rates. Budget 2025 made the New Regime default and raised the no-tax threshold to ₹12 lakh under Section 87A, shifting the calculus for most salaried employees. The right choice depends heavily on how many deductions you actually claim — someone with a home loan and full 80C investments often still comes out ahead under the Old Regime, while someone with minimal deductions is usually better off under the New one. This tool computes both side by side using AY 2026-27 slabs so you can compare your actual numbers instead of guessing.
How to use
- Enter your figures in the input fields — the result recalculates instantly as you type, no submit button needed.
- Double-check which financial year or rate the tool is using, shown near the result, since tax and interest rates change periodically.
- Use the "Next step" workflow links below to move into a related calculation, like comparing this result against another instrument.
- Share your result via WhatsApp or Twitter using the buttons above if you need to send it to someone else.
- Everything is calculated locally in your browser — your financial figures are never sent to any server.
Tool details
⚡ Next step — complete your workflow
Expert note — India 2026
Budget 2025-26: New regime standard deduction raised to ₹75,000. Section 87A rebate increased to ₹25,000 for income up to ₹7 lakh — making net tax zero for income up to ~₹7.75 lakh in new regime.
Frequently asked questions
Which tax regime is better in 2026?
New regime is better if deductions < ₹3.75 lakh. Old regime wins if you have maxed 80C (₹1.5L) + HRA + home loan interest + NPS (₹50K).
Is income up to ₹7 lakh tax-free?
Yes, under Section 87A rebate, taxable income up to ₹7 lakh pays zero tax under new regime (after ₹75,000 standard deduction from salary).
What is Health and Education Cess?
A 4% cess is levied on income tax + surcharge. It is mandatory and not eligible for any deduction.
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