Income Tax Calculator
Compare old vs new tax regime for FY 2026-27 and find your best option.
Income Tax Calculator visual insights
Estimated Tax
₹2.16 L
Net Amount
₹9.84 L
How to Use This Calculator
Enter Amount
Set your loan amount or investment using the slider or input field.
Set Rate & Tenure
Adjust the interest rate and time period to match your scenario.
Get Results
See your EMI, total interest, and full payment breakdown instantly.
Share & Plan
Share the result link or download the amortization schedule as PDF.
About Income Tax Calculator
Income Tax Calculator helps you estimate Indian tax, statutory charges, deductions, and compliance impact using India-focused assumptions and INR formatting. Compare old vs new tax regime for FY 2026-27 and find your best option.
This tool is useful for Indian taxpayers, salaried employees, investors, traders, freelancers, and small business owners. It is designed for quick planning before comparing bank offers, investment options, tax choices, or scheme rules with a qualified professional.
The calculations are tailored for users in India and use Indian number formatting, rupee values, and locally relevant finance terms wherever applicable.
Results are estimates for education and planning. Final decisions should use official documents, lender statements, scheme rules, tax notices, or advice from a qualified professional.
Frequently Asked Questions
What are the new tax slabs for FY 2026-27?
Under the new regime: 0% up to ₹4L, 5% from ₹4-8L, 10% from ₹8-12L, 15% from ₹12-16L, 20% from ₹16-20L, 25% from ₹20-24L, and 30% above ₹24L. Section 87A rebate makes taxable income up to ₹12L tax-free.
Which regime is better — old or new?
The new regime wins when your deductions are small. The old regime wins when 80C (₹1.5L) + HRA + home loan interest + health insurance together exceed ~₹4L. This calculator compares both automatically.
What is the standard deduction?
₹75,000 under the new regime (FY 2026-27) and ₹50,000 under the old regime for salaried individuals.
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Methodology & Formulas
All formulas used here comply with RBI guidelines and standard Indian financial conventions. Calculators are updated for FY 2026–27.
Last updated: April 2026