Use this free Income Tax Calculator to compare your estimated income tax under the old and new tax regimes in India. Enter your annual gross salary, other taxable income, and eligible deductions to view an estimated tax comparison.
The calculator shows taxable income, tax before rebate, applicable rebate, health and education cess, and estimated total tax under both regimes. You can use these results to understand the difference between the two options before making a decision.
Income Tax Calculator
Compare estimated tax under old and new regimes for FY 2025–26 (AY 2026–27).
Estimate for resident individuals under normal slab rates. Old-regime deductions field excludes the ₹50,000 salary standard deduction already applied. Does not cover special-rate income, age-based old-regime slabs, surcharge or surcharge marginal relief. Verify with the official tax portal before filing.
Old vs New Tax Regime: What Is the Difference?
India offers two income tax regimes: the old tax regime and the new tax regime. Each regime has different tax slabs, rebates, and deduction rules.
Old Tax Regime: This regime allows eligible deductions and exemptions, subject to applicable rules. Examples may include eligible investments under Section 80C and health insurance premiums under Section 80D.
New Tax Regime: This regime uses different tax slabs and generally offers fewer deductions and exemptions. Eligible taxpayers should compare the final tax payable under both regimes before choosing an option.
The better option depends on your income, eligible deductions, and personal tax situation. Use the calculator above to compare the estimates for both regimes.
You can also explore our [Post Office Interest Rates] guide to learn about current interest rates and savings schemes in India.
How to Use the Income Tax Calculator
- Enter your annual gross salary in the calculator.
- Add any other taxable income, if applicable.
- Enter eligible deductions for the old tax regime.
- Compare the estimated tax under the old and new tax regimes.
- Review the taxable income, rebate, cess, and estimated total tax shown in the results.
The calculator provides an estimate for comparison purposes. Check the latest official income tax rules and verify your tax liability before filing your return.
Income Tax Calculator: Important Things to Know
The income tax estimate depends on your salary, other taxable income, eligible deductions, and the tax regime selected. Your final tax liability may differ because of exemptions, special-rate income, surcharge, or other applicable tax rules.
This calculator is designed for general estimates under the tax rules programmed for FY 2025–26 (AY 2026–27). Tax rules may change, so verify the latest information on the official Income Tax Department website before filing your return.
Official resource: https://www.incometax.gov.in/
Frequently Asked Questions (FAQs)
What is an Income Tax Calculator?
An Income Tax Calculator estimates the income tax payable based on your income, eligible deductions, and applicable tax regime. It helps you compare estimated tax under the old and new tax regimes.
What Is the Difference Between the Old and New Tax Regimes?
The old tax regime allows eligible deductions and exemptions under applicable rules. The new tax regime has different tax slabs and generally allows fewer deductions and exemptions. The tax payable under each regime depends on your income and eligible deductions. Use the calculator to compare the estimates under both regimes.
Which Tax Regime Is Better for Me?
The better tax regime depends on your annual income, eligible deductions, and exemptions. If you claim eligible deductions, the old tax regime may be worth considering. If you have fewer deductions, the new tax regime may be suitable. Compare your estimated tax under both regimes before making a decision.
Which Financial Year Does This Income Tax Calculator Cover?
This Income Tax Calculator is programmed for Financial Year 2025–26 (Assessment Year 2026–27). Tax rules and tax slabs may change, so check the latest official guidelines before relying on the estimate for tax planning or filing your income tax return.
Does This Income Tax Calculator Include All Deductions?
The calculator includes an input for eligible deductions under the old tax regime. However, it may not cover every deduction, exemption, or special tax situation. The new tax regime generally allows fewer deductions. Check the applicable tax rules to confirm which deductions you can claim.
Is the Income Tax Calculator Free to Use?
Yes, this Income Tax Calculator is free to use. You can enter your income details and compare estimated tax under the old and new tax regimes without paying a fee. The results are for general information only and should not be treated as professional tax advice.
Can I Use This Calculator to File My Income Tax Return?
No. This calculator is designed to estimate and compare income tax under the old and new tax regimes. It does not file your income tax return. For filing, use the official Income Tax Department e-filing portal and verify your income, deductions, and tax details before submitting your return.
What Is the Health and Education Cess on Income Tax?
Health and education cess is an additional amount charged on income tax as per applicable tax rules. This calculator applies a 4% cess to the calculated tax amount after considering the applicable rebate. Your final tax liability may differ depending on your income and other applicable rules.
Why Is My Actual Income Tax Different from the Calculator Result?
Your actual income tax may differ from the calculator result because of additional income, eligible exemptions, deductions, special tax rates, surcharge, or other applicable tax rules. The estimate also depends on the accuracy of the information you enter. Verify your tax calculation using the latest official guidelines before filing your return.
Where Can I Check the Latest Income Tax Rules in India?
You can check the latest income tax rules, tax slabs, and filing guidelines on the official Income Tax Department website. Always refer to official information for the relevant financial year before making tax decisions or filing your income tax return.