Income Tax Calculator India (FY 2025/26 & 2026/27)
Estimate your Indian income tax under the New Tax Regime for FY 2025/26 — standard deduction, Section 87A rebate and cess included. Free, private, and in rupees.
How income tax works in India
India gives individual taxpayers a choice of two systems. The New Tax Regime — the default since FY 2023/24 — offers lower slab rates with very few deductions, while the Old Regime keeps higher rates but allows the familiar deductions like Section 80C investments and HRA. For FY 2025/26 (AY 2026/27), the New Regime slabs run from nil on the first ₹4 lakh through 5%, 10%, 15%, 20% and 25% bands, reaching 30% above ₹24 lakh. The financial year runs 1 April to 31 March.
Salaried taxpayers on the New Regime also get a ₹75,000 standard deduction straight off salary income, and the Section 87A rebate wipes out tax entirely for resident individuals up to a generous income level — which is why many middle-income earners pay nothing despite the slabs starting at ₹4 lakh. On top of any slab tax, a 4% Health and Education Cess applies, and high incomes attract a surcharge.
This calculator applies the New Tax Regime for FY 2025/26 — carried unchanged into FY 2026/27 by Budget 2026 — end to end: it deducts the ₹75,000 standard deduction from your salary automatically, applies the slabs, zeroes the bill via the Section 87A rebate up to ₹12 lakh of taxable income (with marginal relief just above), and adds the 4% Health and Education Cess. The surcharge on total income above ₹50 lakh, the Old Regime and its deductions such as 80C and HRA are out of scope.
India tax brackets — FY 2025/26 & 2026/27
| Taxable income (INR) | Marginal rate |
|---|---|
| ₹0 – ₹4,00,000 | 0% |
| ₹4,00,000 – ₹8,00,000 | 5% |
| ₹8,00,000 – ₹12,00,000 | 10% |
| ₹12,00,000 – ₹16,00,000 | 15% |
| ₹16,00,000 – ₹20,00,000 | 20% |
| ₹20,00,000 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
New Tax Regime (the default), including the ₹75,000 salaried standard deduction, the Section 87A rebate (zero tax up to ₹12 lakh taxable income — ₹12.75 lakh of salary — with marginal relief just above), and the 4% health & education cess. The surcharge on total income above ₹50 lakh is not modelled. Old Regime with itemised deductions still available. Tax year ("FY") runs 1 April – 31 March.
Worked examples
Salary-only estimates under the FY 2025/26 & 2026/27 brackets, computed with the same formula as the calculator below (standard rebates, credits and automatic deductions applied; no other income or elective deductions).
| Annual salary | Estimated tax | Effective rate | Take-home |
|---|---|---|---|
| ₹6,00,000 | ₹0 | 0.0% | ₹6,00,000 |
| ₹12,75,000 | ₹0 | 0.0% | ₹12,75,000 |
| ₹25,00,000 | ₹3,19,800 | 12.8% | ₹21,80,200 |
Frequently asked questions
- Does this calculator use the old or new tax regime?
- The New Tax Regime only, with the slabs for FY 2025/26 (AY 2026/27): nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% bands, and 30% above ₹24 lakh. The New Regime has been the default since FY 2023/24. If you opt for the Old Regime with its 80C, HRA and other deductions, your numbers will differ — use the Income Tax Department’s own calculator to compare both.
- Up to what income is tax zero in India?
- A salaried resident on the New Regime pays nothing up to a ₹12.75 lakh salary: the ₹75,000 standard deduction brings taxable income down to ₹12 lakh, and the Section 87A rebate cancels the slab tax in full at or below that level. Marginal relief protects incomes just above the line — tax can never exceed the income earned past ₹12 lakh. This calculator models all of it, which is why salaries through ₹12.75 lakh show zero tax.
- Is the ₹75,000 standard deduction included?
- Yes — automatically. Enter your gross salary and the calculator deducts the ₹75,000 standard deduction before applying the slabs, exactly as Section 16(ia) does for every salaried filer on the New Regime. One thing it does not deduct: any employer NPS contribution under 80CCD(2), which also survives the New Regime — subtract that yourself if it applies.
- What does this calculator leave out?
- It models New Regime salary tax end to end — standard deduction, slabs, the Section 87A rebate with marginal relief, and the 4% cess. Not modelled: the surcharge on total income above ₹50 lakh (with its own marginal relief), the Old Regime and its deductions (80C, 80D, HRA, home-loan interest), special-rate income like capital gains (which the 87A rebate does not cover), and TDS timing. For a filing-grade figure, use the Income Tax Department calculator.
Source
Brackets last verified: 2026-07-04 — Tiaan Fourie