Income Tax Calculator (FY 2025-26 / AY 2026-27)
The Income Tax Calculator compares your tax liability under the New Tax Regime and the Old Tax Regime for Financial Year 2025-26 (Assessment Year 2026-27), factoring in standard deduction, Section 80C, 80D health insurance, HRA exemptions, and Section 87A rebate.
Income Tax Calculation Breakdown
| Gross Total Income | ₹ 0 |
| Standard Deduction | - ₹ 75,000 |
| Taxable Income | ₹ 0 |
| Total Tax (incl. Cess) | ₹ 0 |
| Monthly Take-Home | ₹ 0 |
How Does the Income Tax Calculator Work?
The Income Tax Calculator compares your tax liability under the New Tax Regime and the Old Tax Regime for Financial Year 2025-26 (Assessment Year 2026-27), factoring in standard deduction, Section 80C, 80D health insurance, HRA exemptions, and Section 87A rebate.
By inputting your customized parameters into the calculator sliders or numeric input fields above, the tool immediately processes the mathematical formulas in real time to generate interactive visual graphs, principal vs interest splits, and detailed summary tables.
Income Tax Slab Structure (New Tax Regime FY 2025-26)
Variables Explained:
| Up to ₹3,00,000 | 0% (Nil) |
| ₹3,00,001 to ₹7,00,000 | 5% tax rate |
| ₹7,00,001 to ₹10,00,000 | 10% tax rate |
| ₹10,00,001 to ₹12,00,000 | 15% tax rate |
| ₹12,00,001 to ₹15,00,000 | 20% tax rate |
| Above ₹15,00,000 | 30% tax rate |
| Section 87A Rebate | Taxable income up to ₹7 Lakhs has zero net tax under the New Regime (effective ₹7.75 Lakh with ₹75k standard deduction) |
New Regime Tax Calculation Example
After subtracting the ₹75,000 standard deduction from ₹12 Lakhs gross income, the taxable ₹11.25 Lakhs results in ₹68,750 base tax + ₹2,750 cess = ₹71,500 total tax under the New Tax Regime.
Example Input Parameters:
- Gross Annual Salary ₹12,00,000
- Standard Deduction ₹75,000 (New Regime)
- Net Taxable Income ₹11,25,000
Calculated Output Summary:
- Base Income Tax ₹68,750
- Health & Education Cess (4%) ₹2,750
- Total Tax Payable ₹71,500
Frequently Asked Questions (FAQs)
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Financial Disclaimer
Calculator results are mathematical estimates for informational and educational purposes only. Actual returns, EMI values, tax deductions, and maturity proceeds may vary based on lender policies, market conditions, and regulatory revisions.
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