Which regime applies if I do nothing?

The new regime. It has been the default since 2023-24 and stays the default under the Income-tax Act, 2025. The old regime applies only if you opt out of the new one.

Why is my tax zero on a salary of ₹12.75 lakh?

The new regime takes a ₹75,000 standard deduction from salary, leaving taxable income of ₹12 lakh, and at that income the rebate cancels the tax on the slabs. A resident pays nothing until taxable income passes ₹12 lakh.

Why does ₹1,000 more salary cost ₹1,040 just above ₹12 lakh?

Just above ₹12 lakh of taxable income, marginal relief replaces the rebate and limits tax to the income above ₹12 lakh, so every extra rupee is taxed in full and 4% cess is added on top. The relief runs out at about ₹12.7 lakh. The marginal rate row shows it.

Which cities count as metros for HRA?

For 2026-27, Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad, where half of basic pay counts. For 2025-26 only the first four did. Everywhere else two-fifths counts. Nearby cities such as Gurugram, Noida, Thane and Navi Mumbai are not named in the rule.

Does the rebate cover tax on capital gains?

No. In the new regime the rebate can only cancel tax at slab rates, never the 20% or 12.5% tax on equity gains. And the ₹12 lakh limit is tested on total income including those gains, which is what the Act and the return validation rules say. The e-filing portal’s calculator tests it on slab income only, so for gains near ₹12 lakh it can show less tax than this page.

What happens to a loss on a let-out house?

In the old regime up to ₹2 lakh of it, together with interest on the home you live in, reduces your other income; the rest is carried forward to set against future rent. In the new regime it cannot reduce other income at all and lapses. The results show any loss left over.

Is 2025-26 any different?

The slabs, rebate, surcharge, cess and deduction limits are the same. The law is different, the 1961 Act rather than the 2025 Act, and so is the HRA city list.

Why can this differ from the Income Tax Department calculators by a few rupees?

Section 516 rounds taxable income and the tax payable to the nearest ₹10. This page applies that rounding to the final figure and the department’s calculators do not, so the two can differ by up to ₹5.

India Income Tax Calculator 2026-27

Income tax under the new and old regimes side by side for tax year 2026-27 or 2025-26, with salary, HRA, interest, house property and capital gains.

Built by AbhiLast reviewed September 25, 2026

Tax year

Slabs and limits are the same in both years; the HRA city list and the law they sit in differ.

Residential status

Non-residents get no rebate, no higher senior limits and no ₹50,000 interest deduction.

Age during the tax year

For residents, changes the old regime slabs and some deduction limits. The new regime is the same at every age.

Regime for the headline figure

Both regimes are always worked out and shown side by side; this picks the headline.

Annual gross salary

Salary for the year before any deduction, including HRA, bonus and any employer NPS contribution.

Your EPF contribution for the year

The employee share on your payslip, usually 12% of PF wages. It counts toward the ₹1.5 lakh limit in the old regime.

Professional tax for the year

Levied by some states, at most ₹2,500 a year. Deductible in the old regime only.

I get HRA or my employer pays into NPS

Opens the fields that need your basic pay.

I have interest, dividends or other income

Savings and deposit interest, dividends and similar.

I let out a house

Rent from a let-out property, less municipal tax, 30% and loan interest.

I sold shares, funds or property

Capital gains made in the tax year.

Old regime deductions

Other 80C investments

PPF, ELSS, life insurance, home loan principal, your own NPS within 10% of basic pay, and similar, besides EPF. Capped at ₹1.5 lakh with EPF.

Your extra NPS contribution (80CCD(1B))

Capped at ₹50,000, on top of the ₹1.5 lakh.

Health insurance: you, spouse and children (80D)

Premiums and check-ups. Capped at ₹25,000, or ₹50,000 if you are a resident senior citizen.

Health insurance: parents (80D)

Capped at ₹25,000, or ₹50,000 if a parent is a resident senior citizen.

A parent is a resident aged 60 or over

Raises the parents limit to ₹50,000.

Home loan interest, house you live in

Capped at ₹2 lakh a year. Together with any let-out loss, at most ₹2 lakh is set off.

That loan is for repairs, or the house was not finished within five years

Lowers the limit to ₹30,000.

Education loan interest (80E)

For up to eight years. No limit.

Donations deductible in full (80G)

PM CARES, PM National Relief Fund, National Defence Fund and similar funds with no limit.

Donations to charities (80G)

Registered charities and trusts: half is deductible, within 10% of your income after other deductions.

Any other old regime deduction

LTA exemption and anything else you are entitled to, as one total.

Result

Income after tax for the year: ₹14,02,500Estimate

An estimate for an individual for the tax year chosen. Your Form 16, AIS and return control.

Income after tax a month: ₹1,16,875Estimate
Tax saved with the new regime: ₹1,59,900Estimate

New and old regime, side by sideEstimate
	New regime	Old regime
Gross total income	₹14,25,000	₹14,50,000
Deductions	₹0	₹0
Taxable income	₹14,25,000	₹14,50,000
Tax at slab rates	₹93,750	₹2,47,500
Health and education cess	₹3,750	₹9,900
Total tax	₹97,500	₹2,57,400

Tax as a share of salary, headline regime: 6.5%Estimate
Tax on the next ₹1,000 of salary, headline regime: 15.6%Estimate
EPF and professional tax: ₹0Estimate

Report a problem with this calculator

https://calcgallery.com/income-tax/india-income-tax-calculator/

An estimate from the published rates for the tax year shown, for the situation described on this page. It is not a tax return or tax advice. Rules change with each budget, and your own circumstances can change the answer. Check it against your payslip and the tax authority’s own calculator, and confirm anything that matters with a qualified tax adviser. Read the full disclaimer

How to use the India Income Tax Calculator 2026-27

Pick the tax year and your residential status, then enter your gross salary, EPF and professional tax from your payslip or Form 16.
Open the sections that apply to you: HRA and employer NPS, interest and dividends, a let-out house, capital gains.
Fill in the old regime deductions you are entitled to, then compare the two regimes side by side in the results.

How the tax is worked out

The calculation runs twice, once for each regime, and the results show the two side by side.

Income under each head. Salary less the standard deduction, and in the old regime less the HRA exemption and professional tax. Rent from a let-out house less municipal tax, 30% and loan interest. Interest, dividends and other income. Short-term gains on other assets.
Gross total income adds these to the gains taxed at special rates.
Deductions. The old regime deducts your investments, insurance, loan interest and donations, each within its limit. The new regime allows only the employer’s NPS contribution. No deduction can come out of equity gains.
Taxable income, rounded to the nearest ₹10.
Tax. Slab rates on ordinary income, 20% on short-term equity gains, and 12.5% on long-term gains, with the first ₹1.25 lakh of equity gains free. A resident whose other income is below the exemption limit uses the unused part against these gains first.
Rebate, surcharge and cess. The rebate cancels tax for residents on modest incomes; surcharge applies above ₹50 lakh, with marginal relief; cess is 4% on everything.
Total, rounded to the nearest ₹10.

income after tax = everything received − total tax − EPF − professional tax

New regime slabs for 2026-27 and 2025-26

The same for every age.

Taxable income	Rate
Up to ₹4,00,000	Nil
₹4,00,001 to ₹8,00,000	5%
₹8,00,001 to ₹12,00,000	10%
₹12,00,001 to ₹16,00,000	15%
₹16,00,001 to ₹20,00,000	20%
₹20,00,001 to ₹24,00,000	25%
Above ₹24,00,000	30%

The standard deduction is ₹75,000. A resident’s rebate cancels up to ₹60,000 of slab tax when total income is ₹12 lakh or less, with marginal relief just above. Of the deductions, only the employer’s NPS contribution survives, up to 14% of basic pay and dearness allowance. HRA, professional tax, 80C, 80D, home loan interest on the house you live in and the rest are all lost, and a house property loss cannot reduce other income.

Old regime slabs

Residents aged 60 or more get a higher nil band. Non-residents use the under-60 column at any age.

Taxable income	Under 60	60 to 79	80 and over
Up to ₹2,50,000	Nil	Nil	Nil
₹2,50,001 to ₹3,00,000	5%	Nil	Nil
₹3,00,001 to ₹5,00,000	5%	5%	Nil
₹5,00,001 to ₹10,00,000	20%	20%	20%
Above ₹10,00,000	30%	30%	30%

The standard deduction is ₹50,000 and professional tax is deductible in full. A resident’s rebate cancels up to ₹12,500 when taxable income is ₹5 lakh or less, with no relief above, so ₹10 more than ₹5 lakh can cost about ₹13,000.

The old regime deductions this page applies

Deduction	Limit
HRA exemption	Least of HRA received, rent less 10% of basic pay, and 50% of basic pay in the named cities (40% elsewhere)
EPF and other 80C investments	₹1.5 lakh together
Your extra NPS contribution, 80CCD(1B)	₹50,000
Employer’s NPS, 80CCD(2)	10% of basic pay (14% for a government employer)
Health insurance, 80D	₹25,000 for you and your family and ₹25,000 for parents, each ₹50,000 for a resident senior
Savings interest, 80TTA / 80TTB	₹10,000 of savings interest; ₹50,000 of any deposit interest for a resident senior
Education loan interest, 80E	No limit
Donations, 80G	In full for funds like PM CARES; half for charities, within 10% of income after other deductions
Home loan interest, house you live in	₹2 lakh (₹30,000 for repairs or late completion), and at most ₹2 lakh of house property loss in all

Surcharge on high incomes

Total income	Rate on the tax
Above ₹50 lakh	10%
Above ₹1 crore	15%
Above ₹2 crore	25%
Above ₹5 crore	25% in the new regime, 37% in the old

The 25% and 37% rates only apply when income other than dividends and capital gains taxed at special rates passes the threshold, and the tax on dividends and those gains never pays more than 15%. Marginal relief stops tax plus surcharge from rising by more than the income above each threshold. The e-filing portal’s calculator applies 25% above ₹5 crore in the old regime too; the Finance Act says 37%, and this page follows it.

What this page leaves out

business or professional income, and lottery or online game winnings
the older indexation option on land and buildings bought before 23 July 2024, and exemptions for reinvesting gains
non-residents’ special rates on dividends and interest, and tax-free NRE interest (leave it out of your entries)
the ₹7.5 lakh limit on employer contributions to PF, NPS and superannuation together
carried-forward losses, advance tax, TDS, refunds, interest for late payment and late filing fees

Tax deducted from your salary is an instalment of this tax, not an extra charge. For a figure you can file, use the e-filing portal’s Income and Tax Calculator or a qualified tax practitioner. The return, not this estimate, decides what you owe.

With your numbers

Gross total income (new regime) = ₹17,25,000; deductions = ₹0
Taxable income, rounded to ₹10 = ₹17,25,000
Tax at slab rates = ₹1,45,000, less rebate, plus surcharge and 4% cess = ₹5,800
Total tax, rounded to ₹10: new regime ₹1,50,800, old regime ₹3,03,420
Income after tax = income received − new regime tax − ₹24,100 EPF and professional tax = ₹16,25,100

Quick reference

An estimate for an individual for the tax year chosen. Your Form 16, AIS and return control.

Common salaries, worked out with the options this calculator starts on.
Example	Income after tax for the year
₹7 lakh salary	₹7,00,000
₹12.75 lakh salary	₹12,75,000
₹13 lakh salary	₹12,74,000
₹18 lakh salary	₹16,49,200
₹18 lakh salary, ₹1.5 lakh 80C, old regime	₹14,95,800
₹15 lakh salary and ₹80,000 interest	₹14,70,020
₹11 lakh salary and ₹1 lakh equity STCG	₹11,79,200
₹60 lakh salary	₹44,47,020

Where the numbers come from

The fixed figures this calculator relies on, and the published source each one was checked against. How the calculators are built and checked

63 sources

Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.202(1) Table
Used for
- New regime: 5% applies above ₹4,00,000; income up to it is nil-rated.
- New regime: 10% applies above ₹8,00,000.
- New regime: 15% applies above ₹12,00,000.
- New regime: 20% applies above ₹16,00,000.
- New regime: 25% applies above ₹20,00,000.
- New regime: 30% applies above ₹24,00,000.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.19(1) Table Sl. 2(a)
Used for
- New regime standard deduction from salary (or the salary, if lower).
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.156(2)
Used for
- New regime rebate applies in full up to this total income, with marginal relief above it. Residents only.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.156(2)(a)
Used for
- New regime maximum rebate.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, First Schedule Part I-B Paragraph A
Used for
- Old regime, under 60 or non-resident: income up to ₹2,50,000 is nil-rated.
- Old regime, resident aged 60 to 79: income up to ₹3,00,000 is nil-rated.
- Old regime, resident aged 80 or over: income up to ₹5,00,000 is nil-rated.
- Old regime: 20% applies above ₹5,00,000 at every age.
- Old regime: 30% applies above ₹10,00,000 at every age.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.19(1) Table Sl. 2(b)
Used for
- Old regime standard deduction from salary (or the salary, if lower).
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.156(1)
Used for
- Old regime rebate applies up to this total income, with no marginal relief above it. Residents only.
- Old regime maximum rebate.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.123 and Schedule XV
Used for
- Aggregate limit on Schedule XV investments (old section 80C), including employee EPF and your own NPS.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.124(3)
Used for
- Additional deduction for your own NPS contribution (old section 80CCD(1B)).
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.22(2)(a)
Used for
- Limit on interest on a loan for a self-occupied house (old section 24(b)).
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.202(1); Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, Part I-B Paragraph A
Used for
- 5% slab rate.
- 10% slab rate.
- 15% slab rate.
- 20% slab rate.
- 25% slab rate.
- 30% slab rate.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 3(4)(b) Table Sl. 10; Part I-B Paragraph F Table 1
Used for
- Surcharge of 10% of tax applies when total income exceeds ₹50 lakh.
- Surcharge of 15% applies above ₹1 crore.
- Surcharge of 25% applies above ₹2 crore; the new regime stays at 25% above that.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, Part I-B Paragraph F Table 1
Used for
- Old regime only: surcharge of 37% applies above ₹5 crore.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 3(4)(b), Part I-B Paragraph F
Used for
- Surcharge rate of 10%.
- Surcharge rate of 15%.
- Surcharge rate of 25%.
- Surcharge rate of 37%.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 3(15)
Used for
- Health and Education Cess on income tax plus surcharge, with no marginal relief.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, Schedule III Sl. 11; Income-tax Rules, 2026 (G.S.R. 198(E) of 20 March 2026), https://www.incometaxindia.gov.in, rule 279
Used for
- HRA: the salary share used in a 50% city.
- HRA: the salary share used everywhere else.
- HRA: rent paid counts only above one-tenth of salary.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.153(1)(a), (2)(a)
Used for
- Deduction for savings-account interest, for anyone who is not a resident senior citizen.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.153(1)(b), (2)(b)
Used for
- Deduction for deposit interest of any kind, for a resident aged 60 or more.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.126(2)
Used for
- Health insurance deduction for each group (self and family; parents).
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.126(8)(a)
Used for
- Health insurance deduction for a group when the insured person is a resident senior citizen.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.124(2)
Used for
- New regime: employer NPS contribution deductible up to 14% of basic pay and dearness allowance, for every employer.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.124(1)(a)
Used for
- Old regime: employer NPS contribution deductible up to 14% of basic pay and dearness allowance for a Central or State Government employer.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.124(1)(b)
Used for
- Old regime: employer NPS contribution deductible up to 10% of basic pay and dearness allowance for any other employer.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.133(2), (7)(a)
Used for
- Donations subject to the qualifying limit count only up to 10% of adjusted gross total income.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.133(1)(b)
Used for
- Share of a 50% category donation that is deductible.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.22(2)(b)
Used for
- Limit on self-occupied home loan interest when the loan is for repairs, or the house was not bought or built within five years.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.22(1)(a)
Used for
- House property: standard deduction of 30% of the annual value of a let-out property.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.109(1)(b)
Used for
- Old regime: a house property loss is set off against other income only up to ₹2,00,000 a year.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.196(1)
Used for
- Short-term gains on STT-paid listed equity, equity funds and business trust units.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.198(2)
Used for
- Long-term gains on STT-paid listed equity, equity funds and business trust units, above the exemption.
- Long-term equity gains up to ₹1,25,000 a year are not taxed.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.197(1)(b)
Used for
- Other long-term capital gains, without indexation.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 3(4)(b) Table Sl. 10(v); Part I-B Paragraph F clause (vi)
Used for
- Surcharge on the tax on dividends and special-rate capital gains is capped at 15%.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.115BAC(1A)(iii)
Used for
- New regime: 5% applies above ₹4,00,000; income up to it is nil-rated.
- New regime: 10% applies above ₹8,00,000.
- New regime: 15% applies above ₹12,00,000.
- New regime: 20% applies above ₹16,00,000.
- New regime: 25% applies above ₹20,00,000.
- New regime: 30% applies above ₹24,00,000.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.16(ia) proviso
Used for
- New regime standard deduction from salary (or the salary, if lower).
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.87A provisos
Used for
- New regime rebate applies in full up to this total income, with marginal relief above it. Residents only.
- New regime maximum rebate.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, First Schedule Part I-A Paragraph A; Finance Bill 2025, https://www.indiabudget.gov.in/budget2025-26/doc/Finance_Bill.pdf, Part III
Used for
- Old regime, under 60 or non-resident: income up to ₹2,50,000 is nil-rated.
- Old regime, resident aged 60 to 79: income up to ₹3,00,000 is nil-rated.
- Old regime, resident aged 80 or over: income up to ₹5,00,000 is nil-rated.
- Old regime: 20% applies above ₹5,00,000 at every age.
- Old regime: 30% applies above ₹10,00,000 at every age.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.16(ia)
Used for
- Old regime standard deduction from salary (or the salary, if lower).
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.87A
Used for
- Old regime rebate applies up to this total income, with no marginal relief above it. Residents only.
- Old regime maximum rebate.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, ss.80C and 80CCE
Used for
- Aggregate limit on Schedule XV investments (old section 80C), including employee EPF and your own NPS.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80CCD(1B)
Used for
- Additional deduction for your own NPS contribution (old section 80CCD(1B)).
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.24(b) second proviso
Used for
- Limit on interest on a loan for a self-occupied house (old section 24(b)).
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.115BAC(1A)(iii); Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, Part I-A Paragraph A
Used for
- 5% slab rate.
- 10% slab rate.
- 15% slab rate.
- 20% slab rate.
- 25% slab rate.
- 30% slab rate.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 2(4)(b) Table Sl. 10; Part I-A Paragraph F
Used for
- Surcharge of 10% of tax applies when total income exceeds ₹50 lakh.
- Surcharge of 15% applies above ₹1 crore.
- Surcharge of 25% applies above ₹2 crore; the new regime stays at 25% above that.
- Surcharge on the tax on dividends and special-rate capital gains is capped at 15%.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, Part I-A Paragraph F
Used for
- Old regime only: surcharge of 37% applies above ₹5 crore.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 2(4)(b), Part I-A Paragraph F
Used for
- Surcharge rate of 10%.
- Surcharge rate of 15%.
- Surcharge rate of 25%.
- Surcharge rate of 37%.
Finance Act 2026 (Act 4 of 2026), https://www.incometaxindia.gov.in/finance-acts, as in the Finance Bill 2026, https://www.indiabudget.gov.in/doc/Finance_Bill.pdf, clause 2(6)
Used for
- Health and Education Cess on income tax plus surcharge, with no marginal relief.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.10(13A); Income-tax Rules, 1962, https://www.incometaxindia.gov.in, rule 2A
Used for
- HRA: the salary share used in a 50% city.
- HRA: the salary share used everywhere else.
- HRA: rent paid counts only above one-tenth of salary.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80TTA
Used for
- Deduction for savings-account interest, for anyone who is not a resident senior citizen.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80TTB
Used for
- Deduction for deposit interest of any kind, for a resident aged 60 or more.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80D(2), (3)
Used for
- Health insurance deduction for each group (self and family; parents).
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80D(4)
Used for
- Health insurance deduction for a group when the insured person is a resident senior citizen.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80CCD(2) proviso
Used for
- New regime: employer NPS contribution deductible up to 14% of basic pay and dearness allowance, for every employer.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80CCD(2)
Used for
- Old regime: employer NPS contribution deductible up to 14% of basic pay and dearness allowance for a Central or State Government employer.
- Old regime: employer NPS contribution deductible up to 10% of basic pay and dearness allowance for any other employer.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80G(4)
Used for
- Donations subject to the qualifying limit count only up to 10% of adjusted gross total income.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.80G(1)(ii)
Used for
- Share of a 50% category donation that is deductible.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.24(b) first proviso
Used for
- Limit on self-occupied home loan interest when the loan is for repairs, or the house was not bought or built within five years.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.24(a)
Used for
- House property: standard deduction of 30% of the annual value of a let-out property.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.71(3A)
Used for
- Old regime: a house property loss is set off against other income only up to ₹2,00,000 a year.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.111A
Used for
- Short-term gains on STT-paid listed equity, equity funds and business trust units.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.112A
Used for
- Long-term gains on STT-paid listed equity, equity funds and business trust units, above the exemption.
- Long-term equity gains up to ₹1,25,000 a year are not taxed.
Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, s.112
Used for
- Other long-term capital gains, without indexation.
Income-tax Act, 2025 (Act 30 of 2025) as amended by the Finance Act 2026, https://www.incometaxindia.gov.in/income-tax-act-2025, s.516; Income-tax Act, 1961 as amended (consolidated text), https://www.incometaxindia.gov.in/income-tax-act, ss.288A and 288B
Used for
- Total income and tax payable are rounded to the nearest ₹10, a half rounding up, after dropping paise.
Constitution of India, Article 276(2), https://cdnbbsr.s3waas.gov.in/s380537a945c7aaa788ccfcdf1b99b5d8f/uploads/2024/07/20240716890312078.pdf
Used for
- Most a state or local authority may levy as tax on professions, trades, callings and employments per person per year.

Common questions about the India Income Tax Calculator 2026-27

Which regime applies if I do nothing?: The new regime. It has been the default since 2023-24 and stays the default under the Income-tax Act, 2025. The old regime applies only if you opt out of the new one.
Why is my tax zero on a salary of ₹12.75 lakh?: The new regime takes a ₹75,000 standard deduction from salary, leaving taxable income of ₹12 lakh, and at that income the rebate cancels the tax on the slabs. A resident pays nothing until taxable income passes ₹12 lakh.
Why does ₹1,000 more salary cost ₹1,040 just above ₹12 lakh?: Just above ₹12 lakh of taxable income, marginal relief replaces the rebate and limits tax to the income above ₹12 lakh, so every extra rupee is taxed in full and 4% cess is added on top. The relief runs out at about ₹12.7 lakh. The marginal rate row shows it.
Which cities count as metros for HRA?: For 2026-27, Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad, where half of basic pay counts. For 2025-26 only the first four did. Everywhere else two-fifths counts. Nearby cities such as Gurugram, Noida, Thane and Navi Mumbai are not named in the rule.
Does the rebate cover tax on capital gains?: No. In the new regime the rebate can only cancel tax at slab rates, never the 20% or 12.5% tax on equity gains. And the ₹12 lakh limit is tested on total income including those gains, which is what the Act and the return validation rules say. The e-filing portal’s calculator tests it on slab income only, so for gains near ₹12 lakh it can show less tax than this page.
What happens to a loss on a let-out house?: In the old regime up to ₹2 lakh of it, together with interest on the home you live in, reduces your other income; the rest is carried forward to set against future rent. In the new regime it cannot reduce other income at all and lapses. The results show any loss left over.
Is 2025-26 any different?: The slabs, rebate, surcharge, cess and deduction limits are the same. The law is different, the 1961 Act rather than the 2025 Act, and so is the HRA city list.
Why can this differ from the Income Tax Department calculators by a few rupees?: Section 516 rounds taxable income and the tax payable to the nearest ₹10. This page applies that rounding to the final figure and the department’s calculators do not, so the two can differ by up to ₹5.