Income Tax Calculator FY 2025-26 (AY 2026-27)
New vs Old Regime compare. Rebate up to 12 lakh in New Regime. 100% private.
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Calculate your income tax for FY 2025-26 (AY 2026-27) instantly with our free Income Tax Calculator. This tool compares New Regime and Old Regime side by side as per the latest Budget 2025 announcement. Under New Regime, income up to Rs. 12 lakh is tax-free due to rebate u/s 87A. New slabs are 0-4L 0%, 4-8L 5%, 8-12L 10%, 12-16L 15%, 16-20L 20%, 20-24L 25%, above 24L 30%. Standard deduction of Rs. 75,000 is available for salaried employees. Just enter your gross salary, and we will show taxable income, tax in new regime, tax in old regime, and which regime saves more money for you. All calculations are done 100% in your browser, your salary data never leaves your device and type of searches income tax calculator, income tax calculator 2025-26, new tax regime calculator, old vs new tax regime calculator, income tax calculator , salary tax calculator, 12 lakh income tax calculator, income tax slab calculator.
Income Tax Calculator for FY 2026-27
This calculator compares the new and old tax regimes side by side for FY 2026-27 (Tax Year 2026-27). From 1 April 2026, the Income-tax Act, 2025 applies, and it uses "Tax Year" in place of "Assessment Year". The slab rates are the same as in FY 2025-26, so you can use this tool for both years.
Enter your gross income, tick if you are a salaried employee, and add your old-regime deductions such as 80C and 80D. The tool shows taxable income, tax with 4% cess for each regime, and which one saves more. Section numbers changed in the new Act (for example, the rebate is now in Section 157, earlier 87A), but the deductions work in the same way.
New Regime Rules for FY 2026-27
- Standard deduction of ₹75,000 for salaried employees.
- Rebate of up to ₹60,000, so taxable income up to ₹12 lakh pays no tax. For a salaried person, that means a salary of up to ₹12.75 lakh.
- For income slightly above ₹12 lakh, marginal relief keeps the tax from rising more than your extra income.
- The rebate does not apply to special-rate income such as capital gains.
- A 4% health and education cess is added to the tax.
Old Regime Slabs (Individuals Below 60 Years)
| Taxable income | Rate |
|---|---|
| Up to ₹2.5 lakh | 0% |
| ₹2.5 lakh to ₹5 lakh | 5% |
| ₹5 lakh to ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
The old regime has a standard deduction of ₹50,000 for salaried employees and a rebate of up to ₹12,500 for taxable income up to ₹5 lakh. Senior citizens (60 and above) have a higher basic exemption in the old regime.
How to Use the Income Tax Calculator
- Enter your gross annual salary or income.
- Tick the salaried box if you are a salaried employee. The standard deduction is applied automatically.
- Enter your old-regime deductions, such as 80C and 80D, in the deductions box.
- Click Calculate Tax to compare both regimes.
Tax Examples (Salaried, Below 60, FY 2026-27)
| Gross salary | New regime tax | How it works |
|---|---|---|
| ₹12 lakh | ₹0 | Taxable income is ₹11.25 lakh after the ₹75,000 deduction. Tax of ₹52,500 is fully rebated. |
| ₹12.75 lakh | ₹0 | Taxable income is ₹12 lakh, so the full rebate applies. |
| ₹15 lakh | ₹97,500 | Taxable income ₹14.25 lakh. Tax ₹93,750 plus 4% cess. |
| ₹20 lakh | ₹1,92,400 | Taxable income ₹19.25 lakh. Tax ₹1,85,000 plus 4% cess. |
Surcharge (for very high incomes) is not included in these examples.
Old vs New Regime: When Does the Old Regime Win?
For a salaried person below 60 with a gross salary of ₹12 lakh and ₹2 lakh of deductions (80C and 80D), the old regime tax is about ₹1,06,600, while the new regime tax is ₹0. The new regime is better here.
At a gross salary of ₹20 lakh, the new regime tax is ₹1,92,400. The old regime gives a lower tax only if your total deductions (apart from the ₹50,000 standard deduction) are more than about ₹7.1 lakh. This usually needs a mix of HRA, 80C, home loan interest, 80D and similar claims.
Why Use the WebToolsKit Income Tax Calculator?
- Side-by-side comparison: See the new and old regime together.
- Current rules: Uses FY 2026-27 slabs, standard deduction and rebate.
- Private by design: The calculation runs in your browser and your figures are not sent to our server.
Frequently Asked Questions
1. Is income up to ₹12 lakh tax-free in the new regime?
Yes, if your taxable income is up to ₹12 lakh, the rebate of up to ₹60,000 makes the tax zero. A salaried person gets a standard deduction of ₹75,000, so a salary of up to ₹12.75 lakh pays no tax. The rebate does not apply to special-rate income such as capital gains.
2. Which regime is better for me?
It depends on your income and deductions. The new regime has lower rates and fewer deductions. The old regime allows deductions such as HRA, 80C, 80D and home loan interest. Enter your figures in the calculator to compare both.
3. Which tax year does this calculator use?
It uses FY 2026-27 (Tax Year 2026-27). The slab rates are the same as FY 2025-26, so the results also apply to that year.
4. Does it include cess?
Yes, a 4% health and education cess is added to the tax.
5. What is marginal relief?
If your taxable income is slightly above ₹12 lakh, marginal relief makes sure that your tax does not rise by more than the income above ₹12 lakh.
6. Is my salary data private?
The calculation runs in your browser and your figures are not sent to our server.
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Income Tax Pro Analysis Report - Premium
PRO VERIFIED
UTC Date: 26 Oct 2026 11:12
| Report ID: IncomeTax-1000XXXX
| Particulars | New Regime | Old Regime |
|---|---|---|
| Gross Income | ₹12,00,000 | ₹12,00,000 |
| Less: Standard Deduction | ₹75,000 | ₹50,000 |
| Less: Your Deductions (80C/80D) | - | ₹1,50,000 |
| Taxable Income | ₹11,25,000 | ₹10,00,000 |
| Final Tax Payable | ₹0 | ₹1,17,000 |
| Monthly In-Hand | ₹1,00,000 | ₹90,250 |
💡 Your Saving Tips
✅ You are saving ₹1,17,000 under the new regime!
✅If you want to opt for the old regime, raise the 80C limit from ₹1.5 lakh to ₹2 lakh; you will save an additional ₹15,600.
✅ Add ₹25k health insurance under Section 80D.
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