Income Tax Calculator – Estimate Your Tax and Compare Both Regimes
This Income Tax Calculator estimates your annual tax liability under both the old and new tax regimes for FY 2025-26 (AY 2026-27). Enter your gross income, exemptions, and eligible deductions to see the tax payable under each regime side by side. Use it to decide which regime works better for your income and deduction profile before filing your return or planning advance tax payments.
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Income Tax Calculator
FY 2024-25 — approximate tax based on current slabs. Consult a tax professional for exact amounts.
Tax Calculation Results
Tax calculations are approximate based on FY 2024-25 norms. Consult a Chartered Accountant for accurate tax planning.
What is an Income Tax Calculator?
An Income Tax Calculator is an online tool that helps salaried individuals and taxpayers estimate their annual income tax liability. Enter your gross income, applicable deductions, and select the financial year to calculate tax payable under both the old and new tax regime, helping you identify which option reduces your tax outgo based on your specific income and investment situation.
How to Use Income Tax Calculator – 3 Step Flow
Streamline your finances with an easy, automated process — calculate, plan, and achieve your financial goals.
Enter your income details
Input your gross annual salary or total income from all sources, salary, house property, capital gains, and other income. For salaried individuals, the standard deduction is applied automatically based on the regime selected. Use your gross income before any deductions at this stage.
Add deductions if evaluating the old regime
Enter your eligible deductions such as Section 80C investments up to ₹1.5 lakh, Section 80D health insurance premiums, HRA exemption, home loan interest, and any other applicable deductions. These deductions are not available under the new regime, so this step applies only when comparing the old regime option.
Compare your liability under both regimes
The calculator shows your tax payable under each regime side by side, including the Section 87A rebate where applicable and the 4% Health and Education Cess. Use this comparison to choose the regime that results in lower tax before informing your employer or filing your ITR.
Tax Calculation Methodology
Tax is computed by applying progressive slab rates to Net Taxable Income (Gross Income minus standard deduction and eligible Chapter VI-A deductions), followed by 4% Health & Education Cess.
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