Calculate Your Tax Liability Effortlessly
Our Indian tax calculator helps you estimate your taxes accurately with both old and new tax regimes.
Calculate NowUse our free online tax calculator to instantly estimate your income tax in India for FY 2026–27. Updated with the latest slabs, ₹75,000 standard deduction, and ₹60,000 Section 87A rebate. Compare old vs new regimes and see your take-home salary in seconds.
Optimized for Indian tax laws and updated income slabs, this tool simplifies the process for salaried employees, freelancers, and business owners. Get accurate results with our fast, easy-to-use tax calculator for income.
Wondering whether to choose the old or new tax regime? Our calculator helps you compare both options side by side based on your income and deductions. See how much tax you'll pay under each regime and make an informed decision that maximizes your take-home salary for FY 2026–27.
Smart Tax Planning for FY 2026-27
If you're using the old tax regime, don't forget to claim deductions under Section 80C, 80D, and other key provisions. Our calculator allows you to input eligible deductions like insurance premiums, home loan interest, and investments to accurately estimate your taxable income. Maximize your savings with a smarter tax strategy.
Tax Calculator
FY2026-2027
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How Indian Income Tax Works
Understanding the Indian tax system helps you manage your finances more effectively and potentially save money through proper tax planning.
Old vs New Tax Regime
Old Regime
- Higher tax rates but multiple deductions available
- Beneficial for those with significant investments, home loans, or medical expenses
- Includes standard deduction of ₹50,000 for salaried employees
New Regime
- Lower tax rates but limited deductions available
- Beneficial for those with lower deductions and exemptions
- Simplified tax calculation with more tax slabs
Common Tax Deductions
Section 80C (Up to ₹1.5 Lakh)
PPF, ELSS, Life Insurance, Home Loan Principal
Section 80D (Up to ₹25,000)
Health Insurance Premiums
Housing Loan Interest (Up to ₹2 Lakh)
Interest paid on home loans
NPS Contribution (Additional ₹50,000)
National Pension Scheme investments
Frequently Asked Questions
How Indian Income Tax Works
Understanding the Indian tax system helps you manage your finances more effectively and potentially save money through proper tax planning.
Old vs New Tax Regime
Old Regime
- Higher tax rates but multiple deductions available
- Beneficial for those with significant investments, home loans, or medical expenses
- Includes standard deduction of ₹50,000 for salaried employees
New Regime
- Lower tax rates but limited deductions available
- Beneficial for those with lower deductions and exemptions
- Simplified tax calculation with more tax slabs
Common Tax Deductions
Section 80C (Up to ₹1.5 Lakh)
PPF, ELSS, Life Insurance, Home Loan Principal
Section 80D (Up to ₹25,000)
Health Insurance Premiums
Housing Loan Interest (Up to ₹2 Lakh)
Interest paid on home loans
NPS Contribution (Additional ₹50,000)
National Pension Scheme investments