India / INR

India income tax calculator: Tax Year 2026–27

Free calculatorNo sign-upReviewed: 14 Sept 2026Sources and review process

Your calculation

India annual individual income-tax estimate, reviewed 14 September 2026. Tax Year 2026–27 covers 1 April 2026–31 March 2027 under the Income-tax Act, 2025. FY 2025–26 is filed as AY 2026–27 under the earlier Act. Both years use the current ₹4–24 lakh new-regime bands.

Income periodTax regimeResidence statusAge during the income yearAnnual taxable salary or own employment pension (₹)Before the standard deduction, after confirmed salary exemptions. Include taxable benefits and employer NPS contribution already included in salary. Exclude family pension and exempt reimbursements; this is not CTC.Other ordinary net taxable income (₹)Net business profit and other ordinary income after eligible expenses. Exclude rent, bank interest, dividends, agricultural income, family pension, losses and special-rate income entered elsewhere.Taxable savings-account interest (₹)Taxable fixed-deposit and other bank interest (₹)The resident senior deduction covers eligible deposits; the ordinary savings deduction does not.

Employer pension and property income

Employer NPS contribution included in salary (₹)Do not add it to salary twice. Deduction is limited by the separate basic-plus-DA base below.Eligible basic salary plus qualifying DA for NPS (₹)Exclude other allowances and perquisites. New regime: 14%; old regime: 10% for other employers or 14% for Central/State government.Let-out property annual value after municipal taxes (₹)Confirmed net annual value before the 30% statutory deduction and loan interest. Apply ownership share first; vacancy and deemed-rent rules must already be reflected.Eligible let-out property loan interest (₹)Only the eligible interest attributable to that property income. The new regime does not offset a property loss against other income.

Listed-equity capital gains

Net qualifying short-term equity gains (₹)Section 111A / new Act section 196: 20%, subject to STT conditions. Gains after eligible capital-loss setoffs and exemptions, excluding any house-property loss setoff calculated here.Net qualifying long-term equity gains (₹)Section 112A / new Act section 198: 12.5% above the annual ₹1.25 lakh amount. Enter the gain before that allowance, after valid cost/grandfathering, capital-loss setoffs and exemptions. Not sale proceeds.

Residents may use any unused basic exemption against these gains; non-residents cannot. Gains on property, unlisted shares, debt funds, crypto, buybacks or other special-rate categories require a different calculation.

Income tax already paid or withheld (₹)TDS, TCS and advance/self-assessment income-tax payments for this income period; no PF, insurance or GST.

Salary standard deduction₹75,000.00

Employer NPS deduction₹0.00

Net property income before cross-head setoff₹0.00

Property loss offset against ordinary income₹0.00

Property loss offset against equity gains₹0.00

Ordinary income before Chapter VI-A deductions₹1,425,000.00

Eligible bank-interest deduction₹0.00

Health-insurance deduction₹0.00

Chapter VI-A deductions applied₹0.00

Taxable ordinary income₹1,425,000.00

Total taxable income, rounded to ₹10₹1,425,000.00

Income tax on ordinary slabs₹93,750.00

Short-term equity-gain tax₹0.00

Long-term equity-gain tax₹0.00

Resident rebate including marginal relief₹0.00

Surcharge before marginal relief₹0.00

Surcharge marginal relief₹0.00

Surcharge payable₹0.00

Health and Education Cess (4%)₹3,750.00

Estimated income tax, rounded to ₹10₹97,500.00

Balance after tax payments, rounded to ₹10₹97,500.00

Negative balance means an estimated overpayment before other settlements. Interest, late fees, foreign-tax relief, special relief and AMT are excluded. This is income tax only; PF, insurance, investment payments, rental expenses and other cash outflows are not take-home pay calculations.

Old-regime age exemptions apply only to residents. A resident rebate cannot reduce long-term equity tax; under the new regime it cannot reduce any special-rate tax. Surcharge starts above ₹50 lakh, with further thresholds at ₹1 crore, ₹2 crore and ₹5 crore; the special equity-gain tax surcharge is capped at 15%. Higher ordinary surcharge bands depend on income excluding the protected gains. Property-loss setoff is capped at ₹2 lakh under the old regime and allocated to ordinary income, then short-term and long-term gains.

Business-regime election restrictions, agricultural-income integration, dividends, family pension, foreign/treaty income, AMT and other special taxes are outside this model. Legacy section numbers are retained beside the new Act references where helpful.

Income Tax Department: transition to Tax Year 2026–27

India individual income-tax estimate for current Tax Year 2026–27 and FY 2025–26 / AY 2026–27. Separates salary, property, bank interest and qualifying equity gains, with current deductions, surcharge and marginal relief.

Formula

Income tax = ordinary-rate tax + qualifying equity-gain tax − resident rebate + surcharge after marginal relief + 4% cess, with statutory rounding.

A PRACTICAL GUIDE

When to use this calculator

The India calculator compares the supported old and new regimes for Tax Year 2026–27 and separates ordinary income from qualifying equity gains. It helps explain why deductions, rebates, surcharge and cess can affect the total in different ways rather than forming one rate applied to all income.

Information to prepare

Prepare salary, property and capital-gain information and identify the deductions actually allowed in each regime. Check residence and rebate eligibility and review the labelled mixed-income comparison when relevant. Do not confuse the current Tax Year with an assessment label referring to income of a previous period.

How to interpret the result

Gross income, taxable income and tax liability are different quantities. A deduction can change the tax base, while a credit or prior payment can change liability or the remaining balance. Under progressive bands, the marginal rate does not necessarily apply to the whole income. An effective rate depends on the denominator used: gross receipts, net income and taxable income can produce different percentages. Read the component labels and included reliefs before treating an effective percentage as a rate for another income scenario.

A practical comparison

When comparing regimes, use the same economic income but the deductions permitted under each set of rules. Inspect surcharge and marginal relief before interpreting changes near a threshold. GST on an invoice or tax collected on a supply is a different calculation from annual personal income tax.

Check your calculation step by step

Match the figures to the selected period and use INR for monetary inputs. If you start with a document in another currency or covering several periods, resolve that difference before entering a combined amount.
Calculate the documented case first. Then change one input at a time to compare scenarios. Keep the original values available so a change in the result can be traced to a particular assumption rather than several simultaneous edits.
Read the component breakdown alongside the formula and examples below. If an official document differs, check the date, base, rounding and omitted concepts before changing a rate or treating the difference as an error.

Continue with a related calculation

These tools cover other questions in India. Choose the one that matches the amount you want to check:

GST calculator India: net amount, GST and total
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If you are comparing countries

Open the relevant jurisdiction when comparing a move, an offer or a transaction abroad. Each tool uses its own currency, period and scope; its result should not be substituted into the current calculation.

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CHECK THE REFERENCES

Official sources

Income Tax Department: transición y concepto de Tax YearConsulted: 2026-09-14
Finance Act, 2026, sancionada el 30-03-2026Consulted: 2026-09-14
Memorando presupuestario 2026, tablas y recargosConsulted: 2026-09-14
Departamento: cálculo del impuesto individualConsulted: 2026-09-14
Departamento: asalariados AY 2026–27Consulted: 2026-09-14
Departamento: no residentes AY 2026–27Consulted: 2026-09-14
Departamento: ganancias de capitalConsulted: 2026-09-14
Sección 156, bonificación, texto oficial vigenteConsulted: 2026-09-14
Sección 19, deducciones salarialesConsulted: 2026-09-14
Descargas oficiales ITRConsulted: 2026-09-14
ITR-2 Excel AY 2026–27, versión 1.4Consulted: 2026-09-14
Reglas de validación ITR-2 2026–27Consulted: 2026-09-14
Reglas ITR-4 2026–27, referencia explícita a renta excluyendo LTCGConsulted: 2026-09-14