Income Tax Calculator — Tax Year 2026-27
Home › Tools & Resources › Income Tax Calculator
Income Tax Calculator
Head-wise computation and Old vs New regime comparison, with surcharge, marginal relief, cess and advance tax instalments.
Tax Year 2026-27Income-tax Act, 2025For Individuals only
This calculator computes tax only for Individuals (resident or non-resident) for Tax Year 2026-27 (1 April 2026 – 31 March 2027). It is not meant for HUFs, firms, LLPs, companies, AOPs/BOIs or trusts. New regime (section 202) is the default; the old regime applies only if you opt out.
Income under the five heads
Enter annual amounts in ₹. Leave blank where not applicable. Tags show where an item is allowed only under the old regime.
1Salaries₹0›
Gross salary / pensionStandard deduction auto-applied: ₹75,000 new / ₹50,000 old
₹
Exempt allowances (HRA, LTA, etc.)Old only
₹
Professional tax paidOld only
₹
2House property₹0›
Self-occupied: interest on housing loanOld onlyCapped at ₹2,00,000
₹
Let-out: gross annual value / rent received
₹
Let-out: municipal taxes paid
₹
Let-out: interest on housing loan30% standard deduction auto-applied
₹
3Profits & gains of business or profession₹0›
Net business / professional incomeInclude presumptive income (erstwhile 44AD / 44ADA / 44AE)
₹
4Capital gains₹0›
STCG on listed equity / equity MF (STT paid)20%Erstwhile s.111A
₹
Other short-term capital gainsSlab
₹
LTCG on listed equity / equity MF (STT paid)12.5%Erstwhile s.112A — first ₹1,25,000 exempt (auto)
₹
Other long-term capital gains12.5%Erstwhile s.112 — property, gold, unlisted shares etc.
₹
5Income from other sources₹0›
Interest (savings, FD, bonds, etc.)
₹
Dividend
₹
Any other income (family pension, gifts, etc.)
₹
Winnings: lottery, crossword, betting, online games30%No deduction, rebate or basic exemption
₹
+Agricultural income₹0›
Net agricultural incomeExempt, but used for rate purposes (partial integration) if above ₹5,000
₹
Deductions
Enter the eligible amount. Deductions cannot be set off against capital gains taxed at special rates or winnings.
AAllowed under both regimes₹0›
Employer’s contribution to NPSBothErstwhile 80CCD(2) — limit 14% of salary (new) / 10% (old, private sector)
₹
Contribution to Agniveer Corpus FundBothErstwhile 80CCH
₹
Additional employee costBothErstwhile 80JJAA (business assessees)
₹
BAllowed only under old regime₹0›
PPF, ELSS, LIC, principal repayment, tuition feesOld onlyErstwhile 80C / 80CCC / 80CCD(1) — capped at ₹1,50,000
₹
Own additional NPS contributionOld onlyErstwhile 80CCD(1B) — capped at ₹50,000
₹
Health insurance / preventive check-upOld onlyErstwhile 80D — enter eligible amount
₹
Interest on education loanOld onlyErstwhile 80E
₹
Donations (eligible amount)Old onlyErstwhile 80G
₹
Interest on depositsOld onlyErstwhile 80TTA ₹10,000 / 80TTB ₹50,000 for 60+ (auto-capped)
₹
Other deductionsOld only80DD, 80DDB, 80U, 80EEB, 80GG etc. — eligible amount
₹
Taxes already paid
Used to work out balance tax and advance tax instalments.
Relief for arrears of salary / foreign tax credit
₹
TDS / TCS
₹
Tax computation
Updates as you type. Tap a regime card to show its advance tax schedule.
✓
Enter your incomeBoth regimes will be compared automatically.
Old regimeLower tax
₹0
Effective rate 0.00%
New regime (s.202)Lower tax
₹0
Effective rate 0.00%
| Particulars | Old | New |
|---|
Advance tax instalments
New regime — on balance tax after relief and TDS/TCS.
| Due date (on or before) | Cumulative % | Cumulative | Instalment |
|---|
How this is computed & limitations
- New regime slabs per section 202(1), Income-tax Act, 2025: 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%. Old regime: basic exemption ₹2.5 lakh / ₹3 lakh (60–79) / ₹5 lakh (80+); 5% up to ₹5 lakh, 20% up to ₹10 lakh, 30% above.
- Rebate (residents only): new regime up to ₹60,000 where total income ≤ ₹12 lakh, available only against slab-rate tax, with marginal relief just above ₹12 lakh; old regime up to ₹12,500 where total income ≤ ₹5 lakh (not against tax on LTCG on listed equity).
- Surcharge: 10% (above ₹50 lakh), 15% (above ₹1 crore), 25% (above ₹2 crore), 37% (above ₹5 crore, old regime only; new regime capped at 25%). Surcharge on equity capital gains and dividend is capped at 15%. Marginal relief applied at each threshold. Health & Education Cess 4%.
- For residents, any unused basic exemption is set off against special-rate capital gains. Total income and final tax are rounded to the nearest ₹10.
- House property loss: set off against other heads up to ₹2 lakh under the old regime; not set off under the new regime (carried forward). Business losses, brought-forward losses, clubbing, VDA income, buy-back gains and AMT are outside the scope of this calculator.
- Advance tax: 15% / 45% / 75% / 100% by 15 June, 15 September, 15 December 2026 and 15 March 2027, if net tax is ₹10,000 or more. Resident senior citizens (60+) without business income are not liable; presumptive-income taxpayers may pay the full amount by 15 March 2027. Interest for default/deferment is not computed.
- Deduction labels refer to the familiar Income-tax Act, 1961 section numbers; the corresponding provisions of the Income-tax Act, 2025 apply for Tax Year 2026-27.
This tool is for general guidance only and does not constitute professional advice. Results depend on the accuracy of the inputs. Please consult a Chartered Accountant before filing your return or paying tax.
Kanhaiya Gautam & Associates, Chartered Accountants · 86526 17447 · kanhaiya_gautam@kgautamassociates.com · Contact us
