How to use this income tax calculator?

Enter your salary, other income, and deductions. Then select the tax regime and click 'Calculate Tax' to see detailed breakdown.

FY 2025-26 (AY 2026-27)

⚡ Advance Income Tax Calculator

New vs Old Regime • Deductions 80C, 80D, NPS, HRA • Rebate u/s 87A • Cess included

Your Income & Deductions

💰 Gross Salary (annual)

🏦 Other Income (interest, rental, etc.)

🏠 HRA Exemption (only Old Regime)

Enter computed exemption.

Deductions (subject to limits)

🔹 Section 80C (max 1.5L)

🔸 Section 80D (health)

📈 NPS 80CCD(1B) (over 80C)

🏢 Employer NPS 80CCD(2)

📚 Education loan 80E

🧾 Other (80G, 80TTA, etc.)

New regime: Standard deduction ₹75,000 automatically applied (if salary >0). Employer NPS allowed.
Old regime: Standard deduction ₹50,000 + all above deductions (subject to limits).

Tax Calculation

New regime slabs FY 2025-26

Income range (₹)	Rate
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%

How to use?

1. Enter your salary & other income. 2. Fill deductions (if opting old regime). 3. Select regime and click Calculate. 4. See detailed tax break-up.

New vs Old?

New regime has lower rates but fewer deductions. Old regime allows many deductions (80C, 80D, HRA). Use the toggle to compare.

Formulas used

Tax = sum(slab-wise). Rebate 87A: if income ≤12L (new) full rebate; if ≤5L (old) rebate up to ₹12,500. Cess 4%.

Frequently Asked Questions

Is the new regime always better?

Not always. If you have significant deductions (80C, 80D, HRA), old regime may still be beneficial. Use this calculator to compare.

What is the rebate under section 87A?

For new regime: if taxable income ≤ ₹12,00,000, tax becomes nil. For old regime: if income ≤ ₹5,00,000, rebate up to ₹12,500.

Can I switch regimes every year?

Yes, salaried individuals can switch between regimes each year. Choose the one that minimises your tax.

TaxCalculator