Income Tax Calculator
Estimate your income tax liability and compare India's new and old tax regimes using your annual income, deductions and applicable tax details.
Enter Your Details
Select your tax regime and enter your annual income and eligible deductions.
₹0
Estimated annual income tax including cess.
Calculation Details
Income
Tax Calculation
New vs Old Regime
New Tax Regime Slabs
The calculator uses the current new-regime slab structure for individual taxpayers.
| Taxable Income | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
How Income Tax Is Calculated
Your taxable income is calculated after applicable deductions and exemptions. Tax is then calculated using the applicable slab rates.
Enter Income
Enter your annual income and other taxable income.
Apply Deduction
Applicable standard deduction and eligible deductions are considered.
Apply Tax Slabs
Taxable income is calculated using the selected regime's slab rates.
Add Cess
Health and Education Cess is added to the applicable income tax.
Important Information
This calculator provides an estimate and should not be treated as a final tax computation.
Actual tax liability can depend on your residential status, type of income, capital gains, special-rate income, deductions, exemptions, surcharge, marginal relief, TDS and other applicable provisions.
The new tax regime is the default regime for eligible taxpayers, while eligible taxpayers may opt for the old regime subject to applicable rules. :contentReference[oaicite:2]{index=2}
For a final calculation, taxpayers should verify their figures using the official Income Tax Department calculator or applicable tax filing provisions. :contentReference[oaicite:3]{index=3}
Income Tax Calculator FAQ
Which tax regime is the default?
The new tax regime is the default regime for eligible taxpayers. Eligible taxpayers can choose the old regime subject to the applicable rules. :contentReference[oaicite:4]{index=4}
What is the new tax regime tax rate above ₹24 lakh?
Under the current new-regime slab structure, taxable income above ₹24 lakh is taxed at 30%. :contentReference[oaicite:5]{index=5}
Is there a rebate under Section 87A?
For AY 2026-27 under the Income Tax Act, 1961, the Income Tax Department states that resident individuals can receive a new-regime rebate up to ₹60,000 where taxable income does not exceed ₹12 lakh. :contentReference[oaicite:6]{index=6}
What is Health and Education Cess?
Health and Education Cess is charged at 4% on income tax plus applicable surcharge. :contentReference[oaicite:7]{index=7}
Can I compare the old and new tax regimes?
Yes. This calculator displays an estimate under both regimes so you can compare the results. The official Income Tax Department calculator also provides old and new regime comparison. :contentReference[oaicite:8]{index=8}
Is this an official government calculator?
No. This is an Innosphere estimation tool. Always verify the final tax calculation with the official Income Tax Department resources and your tax professional where appropriate.