About the Income Tax calculator
This calculator applies the new tax regime to the taxable income you enter, for a resident individual with ordinary income up to ₹50 lakh. Choose the financial year in which the income is earned: 2026 for FY 2026–27 (April 2026 to March 2027) or 2025 for FY 2025–26.
From 1 April 2026 the Income-tax Act, 2025 replaced the Income-tax Act, 1961. It calls the year in which income is earned the “tax year”, so FY 2026–27 is tax year 2026–27; under the old Act, FY 2025–26 was assessed in assessment year 2026–27. The Finance Act 2026 kept the new-regime rates, so both years give the same answer.
How the Income Tax calculator works
- Up to ₹4 lakh
- Nil
- ₹4–8 lakh
- 5%
- ₹8–12 lakh
- 10%
- ₹12–16 lakh
- 15%
- ₹16–20 lakh
- 20%
- ₹20–24 lakh
- 25%
- Above ₹24 lakh
- 30%
Tax is worked out slab by slab. If taxable income is ₹12 lakh or less, the rebate removes the tax. Just above ₹12 lakh, marginal relief keeps the tax from exceeding the income above ₹12 lakh. Health and education cess of 4% is then added.
Enter taxable income after deductions allowed in the new regime, such as the standard deduction for salaried people, not your gross salary.
Worked example
- Annual taxable ordinary income
- ₹15,00,000
- Financial year starting (2026 or 2025)
- FY 2026–27
Example inputs
- Estimated tax · FY 2026–27
- ₹1,09,200
- Slab tax before rebate / relief
- ₹1,05,000
- Rebate / marginal relief
- ₹0
- Health and education cess
- ₹4,200
- Income after calculated tax
- ₹13,90,800
Calculated result
Why use a Income Tax calculator?
- Estimate this year’s tax before you plan investments or advance tax.
- See how the rebate and marginal relief work near ₹12 lakh.
- Check the tax your employer deducts from salary.
Income Tax calculator FAQs
Which years does this calculator cover?
FY 2026–27 (tax year 2026–27 under the Income-tax Act, 2025) and FY 2025–26 (assessment year 2026–27 under the Income-tax Act, 1961). Other years have different rules and are not modelled.
What changed with the Income-tax Act, 2025?
It replaced the 1961 Act from 1 April 2026, uses a single “tax year” in place of previous year and assessment year, and renumbered sections: the new-regime rates are now in section 202 and the rebate in section 156 (formerly sections 115BAC and 87A). The rates and rebate for tax year 2026–27 are the same as the year before.
How does the rebate up to ₹12 lakh work?
A resident individual taxed under the new regime gets a rebate of the whole tax, up to ₹60,000, when taxable income is ₹12 lakh or less. Just above ₹12 lakh, marginal relief limits the tax to the amount by which income exceeds ₹12 lakh.
Does it cover the old tax regime?
No. The new regime is the default, and the calculator applies only its rates. Someone who opts for the old regime under the rules is taxed at different rates with different deductions.
What income is not covered?
Income taxed at special rates, such as many capital gains, and surcharge on incomes above ₹50 lakh. Use the Income Tax Department’s tools for those.
Is the result my final tax?
No. It is an estimate for the case described. Your return, TDS credits and the department’s processing decide the final figure.