Income Tax Calculator
Calculate your income tax for FY 2025-26 and FY 2026-27 under old and new tax regime
New Income Tax Act 2025 applicable from 1st April 2026
Standard deduction (₹75,000) applies only to salaried individuals
Enter your income details and click Calculate Tax to see results
Tax Slabs for FY 2026-27 (New Income Tax Act 2025)
Section 202 (earlier Section 115BAC)
Standard deduction: \u20B975,000 (for salaried only)
Rebate u/s Section 157 (earlier 87A): Income up to \u20B912 lakh is tax-free!
Standard deduction: \u20B950,000 (for salaried only)
Deductions under Sec 123 (80C), Sec 126 (80D), and other sections available
Rebate u/s Section 157 (earlier 87A): Income up to \u20B95 lakh is tax-free
New Income Tax Act 2025 (Effective 1st April 2026)
- • The new Act replaces the Income Tax Act 1961 with simplified language
- • Tax slabs and rates remain the same as FY 2025-26 — no change in tax liability
- • Section numbers have changed: 80C → 123, 80D → 126, 87A → 157, 115BAC → 202
- • “Previous Year” and “Assessment Year” replaced with single “Tax Year” concept
- • All 69+ TDS sections consolidated into Section 393
Disclaimer
This calculator provides approximate tax calculations for informational purposes only. Actual tax liability may vary based on individual circumstances, surcharge applicability, and specific exemptions. For accurate tax planning and filing, please consult with a qualified Chartered Accountant.