Income Tax Calculator

⚡ In shortCalculate your income tax for AY 2026-27 under both the old and new regimes — free and instant — and instantly see which one saves you more. The calculator applies the AY 2026-27 (Budget 2025) slabs. The new regime gives a ₹75,000 standard deduction and makes income up to ₹12 lakh effectively tax-free via the Section 87A rebate. The old regime gives a ₹50,000 standard deduction but lets you claim 80C, 80D, HRA and home-loan interest. It computes tax under both (including 4% cess) and shows which is lower for you.

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How it is calculated

The calculator applies the AY 2026-27 (Budget 2025) slabs. The new regime gives a ₹75,000 standard deduction and makes income up to ₹12 lakh effectively tax-free via the Section 87A rebate. The old regime gives a ₹50,000 standard deduction but lets you claim 80C, 80D, HRA and home-loan interest. It computes tax under both (including 4% cess) and shows which is lower for you.

Frequently asked questions

Is income up to ₹12 lakh really tax-free?

Under the new regime for AY 2026-27, the Section 87A rebate makes income up to ₹12 lakh effectively tax-free (with the standard deduction, a salaried person's break-even is a little higher). Above that, normal slabs apply.

Which regime should I choose?

It depends on your deductions. If you claim large 80C/80D/HRA/home-loan deductions, the old regime can win; otherwise the new regime is usually better. The calculator compares both for you.

Does this include HRA and home-loan interest?

This quick calculator uses 80C and 80D. HRA and Section 24(b) interest (old regime) can change the result — use our HRA calculator and confirm with a CA.