Income Tax Calculator in India: calculate your income tax payable

India income tax calculator

Compare New vs Old regime, apply 87A rebate, surcharge, and cess for AY 2026–27.

Common scenarios (presets)Assessment Year (AY)Tax regimeResidential status

Annual income taxed at slab rates (₹)INR

Exclude incomes taxed at special rates (capital gains, lottery, etc.).

Are you salaried/pensioner?

Advanced options

Standard deduction override (₹)

Defaults: ₹75,000 (New) / ₹50,000 (Old) for salary/pension.

Employer NPS contribution u/s 80CCD(2) (₹)

House property interest u/s 24(b) — let-out only (₹)

I also have special-rate income (capital gains, etc.)

Results

Taxable slab-income1.425.000,00 INR

Income tax on slabs93.750,00 INR

87A rebate applied0,00 INR

Special-rate tax0,00 INR

Surcharge0,00 INR

Health & Education cess (4%)3750,00 INR

Total tax payable97.500,00 INR

Effective tax rate6.5%

Monthly equivalent8125,00 INR

Display rounded to 2 decimals. Statutory rounding for payable/refund is to the nearest ₹10.

Examples

New Regime, salaried (AY 2026–27)

Income ₹15,00,000, standard deduction ₹75,000 → tax payable ₹97,500 (incl. cess).

New Regime with STCG 111A

Salary taxable ₹12,00,000 (after standard deduction) + STCG ₹50,000 → tax ₹10,400 incl. cess.

This calculator estimates Indian personal income tax for residents and NRIs, comparing New Regime vs Old Regime, and includes rebate (Section 87A), surcharge, and 4% Health & Education cess. You’ll need your assessment year, regime, residency, your annual income, and (optionally) deductions/exemptions. It supports AY 2026–27 and AY 2025–26. For AY 2026–27, the New Regime uses updated slabs and a higher 87A rebate up to ₹60,000 for resident total income up to ₹12 lakh. Special-rate incomes (like capital gains) are taxed separately and do not qualify for the 87A rebate. Verified 28 Jan 2026. Informational estimate only—final filing should follow the Income-tax Act and official guidance.

FAQs

Should I pick New Regime or Old Regime?

If you have few deductions, New Regime is often simpler. Old Regime can be better if you claim large deductions like 80C/80D/home-loan interest.

Is it true there’s no tax up to ₹12 lakh in New Regime (AY 2026–27)?

For residents, yes—via the higher 87A rebate up to ₹60,000 for total income up to ₹12 lakh.

Why do people say ₹12.75 lakh salary can be tax-free?

Because the New Regime allows a ₹75,000 standard deduction, so ₹12.75L gross salary becomes ₹12L taxable slab income.

Do capital gains get 87A rebate?

No—special-rate incomes (like capital gains) are excluded from the 87A rebate computation.

What are the STCG 111A and LTCG 112A rates?

STCG 111A is 20% for transfers on/after 23-07-2024. LTCG 112A is 12.5% on gains above ₹1,25,000.

Does the New Regime have higher basic exemption for seniors?

Age-based higher basic exemption applies under Old Regime; New Regime uses uniform slabs.

When does surcharge apply?

Surcharge applies above ₹50 lakh and rises with income; under New Regime, the surcharge rate is capped at 25%.

Why might my final tax differ from this estimate?

Differences can arise due to special incomes, set-off rules, marginal relief, and statutory rounding.

Note: This calculator provides an estimate. Rates can vary by region and change over time. It is not tax advice.

See more in calculators for India.

Sources

Income Tax Department — Tax rates (individuals)
https://incometaxindia.gov.in/charts%20%20tables/tax%20rates.htm
Income Tax Department (India) · India · Accessed: 2026-01-28
Income tax slab rates and surcharge/cess references.
Income Tax Department — HUF/individual rates
https://incometaxindia.gov.in/charts%20%20tables/tax%20rates_huf.htm
Income Tax Department (India) · India · Accessed: 2026-01-28
Rate tables and deduction references.
Budget 2025 FAQs — Section 87A (New Regime)
https://incometaxindia.gov.in/Documents/Budget/budget-2025/faqs-budget-2025.pdf
Income Tax Department (India) · India · Accessed: 2026-01-28
87A rebate updates and marginal relief examples.
Direct Tax Book — Salaried employees
https://incometaxindia.gov.in/Documents/Income%20Tax%20Update/Direct%20Tax%20Book/FinalBookletSalariedEmployees.pdf
Income Tax Department (India) · India · Accessed: 2026-01-28
Standard deduction and common deductions overview.
Income Tax Department — STCG u/s 111A
https://incometaxindia.gov.in/tutorials/14-%20stcg.pdf
Income Tax Department (India) · India · Accessed: 2026-01-28
STCG 111A rate updates.
Income Tax Department — LTCG u/s 112A
https://incometaxindia.gov.in/tutorials/15-%20ltcg.pdf
Income Tax Department (India) · India · Accessed: 2026-01-28
LTCG 112A rate updates and exemption threshold.
Highlights to Finance Act 2025
https://incometaxindia.gov.in/Documents/Budget/budget-2025/Highlights-to-Finance-Act-2025.pdf
Income Tax Department (India) · India · Accessed: 2026-01-28
Finance Act highlights for AY 2026–27.

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