Income Tax Calculator

Compare India’s old and new tax regimes with salary, deductions, property income and capital gains calculated separately.

01 — START HERE

Tell us about you

These details decide your tax slabs and eligible deductions.

FINANCIAL YEAR2026–27
TAX YEAR2026–27
CURRENT
Age category
Residential status
Employment type
Employer category for employer NPS

Old-regime employer-NPS limit: 10% for private/PSU/other employers and 14% for Central or State Government. New-regime limit: 14% for all employers.

City type for HRA

Specified metros: Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru.

02 — INCOME

Salary & pension

Enter annual amounts from your salary slips or Form 16.

EMPLOYER RETIREMENT CALCULATION

12% payroll benchmark: ₹0 · actual PF used: ₹0

Actual PF + NPS: ₹0

₹0 taxable perquisite above ₹7.5 lakh

NPS deduction — old: ₹0 · new: ₹0

MEAL-COUPON CALCULATION

Maximum from meals: ₹0

₹0 exempt

Taxable excess: ₹0 · both regimes

Enter the coupon amount received to apply the exemption.
AUTO-APPLIEDStandard deduction

₹50,000 old · ₹75,000 new, limited to salary

HOUSE PROPERTY

Income from house property

Select the property use to show only the relevant fields.

Property status
SELF-OCCUPIED TREATMENTOld regime only

The eligible interest is capped automatically at ₹2,00,000.

LET-OUT CALCULATION

Net annual value: ₹0 · 30% standard deduction: ₹0

Old-regime house income: ₹0

New-regime amount included: ₹0 · estimated old-regime loss carry-forward: ₹0

OTHER SOURCES

Interest & other income

OLD REGIME

Itemised deductions reduce slab income. Caps are applied automatically.

03 — DEDUCTIONS

Your eligible deductions

EMPLOYEE RETIREMENT DEDUCTIONS — OLD REGIME

Section 123 basket used: ₹0

Additional personal NPS: ₹0

PF contribution threshold: ₹0 · contribution above it: ₹0

Section 126 health deduction — self, spouse & dependent children
Section 126 health deduction — parents
SECTION 126 — OLD REGIME₹0 eligible health-insurance deduction

Self/family and parents are capped separately; the maximum combined premium deduction is ₹1,00,000.

NEW REGIME

Employee PF and personal NPS do not qualify. Standard deduction, eligible employer NPS and family-pension relief are applied automatically.

AUTOMATICStandard deduction + eligible employer NPS

Employer NPS is capped at 14% of basic salary plus eligible DA in the new regime

04 — CAPITAL GAINS

Keep special-rate gains separate

Chapter VI-A deductions do not reduce gains taxed under Sections 111A and 112A.

ESTIMATED TRANSACTION GAIN
No transaction added
₹0
LOSS SET-OFF

Capital losses

STCL can offset short- or long-term gains; LTCL can offset long-term gains only. Eligible unused capital losses can be carried forward for up to 8 tax years if the loss return is filed by the applicable due date.

Loss adjusted now ₹0Estimated carry-forward ₹0
RECOMMENDED REGIME

New regime saves you ₹0

The lower new-regime slabs are worth more than your available old-regime deductions.

PAYABLE₹0₹0 / month
Tax saved₹0
Effective rate0%
Monthly burden₹0
Better regimeNew
YOUR COMPARISON

Old vs. new regime

Difference: ₹0

ITEMOLD REGIMENEW REGIME
CAPITAL GAINS TAX

Special-rate breakdown

Loss adjusted: ₹0

STCG under 111A20%₹0
STCG at slab rateSlabIncluded above
LTCG under 112A12.5% above ₹1.25L₹0
Other LTCG12.5%₹0
OLD-REGIME BREAK-EVEN

How much more deduction would old regime need?

₹0

Frequently Asked Questions

Quick explanations for entering your information and understanding the estimate.

Which financial year does this calculator cover?

This calculator is designed for Tax Year/FY 2026–27 under the Income-tax Act, 2025, as amended by the Finance Act, 2026.

Should I enter monthly or annual amounts?

Enter annual amounts for the entire financial year. For example, if your monthly basic salary is ₹1,00,000, enter ₹12,00,000.

What is the difference between the old and new tax regimes?

The new regime has lower slab rates but permits fewer deductions and exemptions. The old regime allows eligible deductions such as employee PF, health-insurance premiums, HRA and specified investments. The calculator compares both automatically.

Is income up to ₹12 lakh completely tax-free under the new regime?

A resident individual can receive a rebate that reduces ordinary slab tax to zero when total income does not exceed ₹12 lakh. For an eligible salaried taxpayer, the ₹75,000 standard deduction can effectively make salary up to ₹12.75 lakh tax-free, assuming there is no other income or special-rate income.

Does the ₹12 lakh rebate apply to capital gains?

No rebate is allowed against tax charged at special rates, such as specified capital gains. Special-rate income also counts when checking whether total income exceeds the ₹12 lakh eligibility limit.

What is marginal relief above ₹12 lakh?

Marginal relief prevents a resident individual with income slightly above ₹12 lakh from paying more ordinary tax than the amount by which total income exceeds ₹12 lakh. For example, at taxable income of ₹12.10 lakh, income tax before cess is limited to approximately ₹10,000.

What standard deduction is applied?

The calculator automatically applies ₹75,000 under the new regime and ₹50,000 under the old regime, limited to eligible salary or pension income.

How are employee and employer PF contributions treated?

Your employee PF contribution can qualify within the old-regime ₹1.5 lakh deduction basket but does not reduce new-regime taxable income. Employer PF is generally excluded from taxable salary within the applicable employer-retirement contribution rules.

How is employer NPS treated?

Eligible employer NPS is included in salary and then allowed as a deduction within the applicable percentage limit. Under the new regime, this calculator applies a limit of 14% of basic salary plus eligible DA.

How does the health-insurance deduction work?

Under the old regime, premiums for you, your spouse and dependent children have a separate ₹25,000 or ₹50,000 limit from premiums paid for parents. The higher limit applies when the relevant insured group includes a senior citizen.

How is income from a rented property calculated?

The calculator deducts municipal taxes actually paid, applies the statutory 30% deduction to net annual value and then deducts eligible home-loan interest. Old-regime house-property loss set-off is limited to ₹2 lakh; the new regime does not allow that loss to offset salary or other income.

Why are capital gains entered separately from salary?

Some capital gains are taxed at special rates and do not follow the normal income-tax slabs. Keeping them separate helps apply the rebate, basic-exemption adjustment, loss set-off and surcharge rules correctly.

How are meal coupons calculated?

Enter the coupon amount already included in salary and the number of eligible meals. The calculator limits the exemption to the lower of coupons received and the meal-based maximum. Entering meals alone does not create an exemption.

Does the result include cess and surcharge?

Yes. The calculator adds the 4% health and education cess and applies applicable surcharge rates, specified-income surcharge caps and statutory marginal relief.

Can I use this result to file my tax return?

This calculator provides an educational estimate. Reconcile the result with Form 16, AIS, TIS, capital-gain statements, loan certificates and other tax documents before filing. Complex transactions may require professional advice.