INCOME TAX CALCULATOR | India FY 2025-26 & 2026-27

Your Income Details

Age Category

💼 Income

Annual Salary / Basic Income (₹)

₹

HRA Received (₹/year)

₹

Rent Paid (₹/year, for HRA exemption)

₹

Other Income (Interest, Freelance, etc.) (₹)

₹

City Type (for HRA)

🧾 Chapter VI-A Deductions (Old Regime)

80C – PPF, ELSS, LIC, etc. (Max ₹1,50,000)

₹

80D – Health Insurance Premium (Max ₹25,000 / ₹50,000 Sr.)

₹

80CCD(1B) – NPS Self (Max ₹50,000)

₹

80TTA/80TTB – Savings Interest (Max ₹10,000 / ₹50,000 Sr.)

₹

80E – Education Loan Interest (₹)

₹

24(b) – Home Loan Interest (Max ₹2,00,000)

₹

Other Deductions (₹)

₹

🧮

Enter your income details and click Calculate Tax

Tax Deductions Guide

All major deductions available under Indian Income Tax Act. Click to expand each section.

Note: Deductions marked Old Regime are only available under the Old Tax Regime. Deductions marked Both Regimes are available under both regimes.

Tax Slabs Reference

Official income tax slabs for FY 2025-26 and FY 2026-27.

New Regime FY 2025-26 & 2026-27

Standard deduction of ₹75,000 for salaried. Rebate u/s 87A: Tax is NIL if income ≤ ₹12,00,000 (AY 2026-27 / FY 2025-26). From FY 2026-27, rebate limit raised to ₹12,00,000 with revised slabs.

Income Slab	FY 2025-26 Rate	FY 2026-27 Rate
Up to ₹3,00,000	NIL	NIL
₹3,00,001 – ₹7,00,000	5%	NIL
₹7,00,001 – ₹10,00,000	10%	5%
₹10,00,001 – ₹12,00,000	15%	10%
₹12,00,001 – ₹15,00,000	20%	15%
₹15,00,001 – ₹20,00,000	25%	20%
₹20,00,001 – ₹24,00,000	30%	25%
Above ₹24,00,000	30%	30%

Old Regime All FYs

Standard deduction ₹50,000. 87A Rebate: Tax NIL if income ≤ ₹5,00,000. All deductions (80C, HRA, etc.) applicable.

Income Slab	Below 60	Senior (60-79)	Super Senior (80+)
Up to ₹2,50,000	NIL	NIL	NIL
₹2,50,001 – ₹3,00,000	5%	NIL	NIL
₹3,00,001 – ₹5,00,000	5%	5%	NIL
₹5,00,001 – ₹10,00,000	20%	20%	20%
Above ₹10,00,000	30%	30%	30%

Surcharge Rates

Income Range	Surcharge Rate
Up to ₹50 Lakh	NIL
₹50L – ₹1 Crore	10%
₹1Cr – ₹2Cr	15%
₹2Cr – ₹5Cr (Old Regime)	25%
Above ₹5Cr (Old Regime)	37%
New Regime: ₹2Cr+	Max 25%

* Health & Education Cess: 4% on (Tax + Surcharge)

Frequently Asked Questions

Common questions about India's income tax system answered clearly.