Income Tax Calculator
Calculate and compare your income tax under the New and Old Tax Regimes for FY 2025-26 (AY 2026-27). Includes Section 87A rebate, standard deduction, and cess.
Loading tool interface...
How to use Income Tax Calculator
- 1
Select the tax year and input your age and gross salary.
- 2
Input other taxable income such as capital gains, interest, or rental yields.
- 3
Expand the deductions section and enter eligible investments under 80C, 80D, etc.
- 4
Analyze the comparative breakdown of New vs Old Tax Regimes to find your cheaper option.
Capabilities
- Calculates Section 87A rebate and marginal relief automatically
- Slabs tax computed band-by-band for complete clarity
- Includes surcharge marginal relief caps to prevent tax cliffs
- Old vs New Regime side-by-side comparative savings analysis
How to Calculate Income Tax for FY 2025-26 (AY 2026-27)
Planning your individual income tax in India requires evaluating both the default New Tax Regime and the traditional Old Tax Regime. WebTorq provides a transparent, side-by-side comparison incorporating updated slab structures, standard deductions, Section 87A rebates with marginal relief, and statutory surcharges.
Calculations are mathematical estimates based on rules notified by the Income Tax Department of India for FY 2025-26 (AY 2026-27). Final liability may vary based on specific exemptions (such as HRA exemption u/s 10(13A), LTA, or capital gains special rates). This tool does not constitute professional tax advice.
Features wider slabs with lower rates. For salaried taxpayers, a Standard Deduction of ₹75,000 applies automatically. Slabs: Nil up to ₹4L; 5% (₹4L–₹8L); 10% (₹8L–₹12L); 15% (₹12L–₹16L); 20% (₹16L–₹20L); 25% (₹20L–₹24L); and 30% above ₹24L.
Maintains higher tax rates (20% above ₹5L, 30% above ₹10L) but permits deductions including ₹50,000 standard deduction, Section 80C (up to ₹1.5L), Section 80D medical insurance (up to ₹25k/₹50k), Section 80CCD(1B) NPS (₹50k), and home loan interest (₹2L).
Worked Tax Comparison Example (Salaried Individual)
Suppose a salaried employee under 60 years of age has a gross annual salary of ₹15,00,000:
Under New Regime (AY 2026-27):
• Standard Deduction: ₹75,000 | Taxable Income: ₹14,25,000
• Slab Tax: ₹0 (on 4L) + ₹20,000 (5% on 4L) + ₹40,000 (10% on 4L) + ₹33,750 (15% on 2.25L) = ₹93,750
• Health & Education Cess (4%): ₹3,750 | Total Tax: ₹97,500
Under Old Regime (Assuming ₹2,00,000 total 80C + 80D deductions):
• Deductions: ₹50,000 (Standard) + ₹2,00,000 (Investments) = ₹2,50,000 | Taxable Income: ₹12,50,000
• Slab Tax: ₹12,500 (5%) + ₹1,00,000 (20%) + ₹75,000 (30%) = ₹1,87,500
• Health & Education Cess (4%): ₹7,500 | Total Tax: ₹1,95,000
Result: The New Regime saves this taxpayer ₹97,500 in annual taxes.
Rules, slabs, and rebate provisions are verified against publications from theIncome Tax Department of India and Finance Act provisions.
To calculate goods and services tax with 50/50 CGST and SGST splits, use GST Calculator.
This tool operates in a sandbox directly inside your web browser. All parsing, processing, and downloads are rendered locally. Your file size, metadata, and contents never cross the network. It works completely offline.
Frequently Asked Questions
Which financial year and assessment year does this calculator support?
This calculator implements the official income tax slabs and statutory rules for Financial Year 2025-26 (Assessment Year 2026-27), with an option to evaluate FY 2024-25 (AY 2025-26).
What are the income tax slabs under the New Tax Regime for AY 2026-27?
Under the New Tax Regime (AY 2026-27 / FY 2025-26), the income slabs are: Up to ₹4,00,000: Nil; ₹4,00,001 to ₹8,00,000: 5%; ₹8,00,001 to ₹12,00,000: 10%; ₹12,00,001 to ₹16,00,000: 15%; ₹16,00,001 to ₹20,00,000: 20%; ₹20,00,001 to ₹24,00,000: 25%; and Above ₹24,00,000: 30%.
How does the Section 87A rebate and marginal relief work under the New Regime?
For AY 2026-27, resident individuals with taxable income up to ₹12,00,000 receive a full tax rebate up to ₹60,000 under Section 87A, resulting in zero tax liability. If taxable income slightly exceeds ₹12,00,000, marginal relief ensures that the tax payable does not exceed the income earned over ₹12,00,000.
What deductions can I claim under the New vs Old Tax Regime?
The New Regime allows a Standard Deduction of ₹75,000 for salaried employees and employer NPS contribution u/s 80CCD(2), but disallows Chapter VI-A deductions (80C, 80D, 80CCD(1B), and home loan self-occupied interest). The Old Regime permits ₹50,000 standard deduction along with all eligible deductions.
Are my salary and deduction figures stored on any server?
No. All tax calculations execute entirely client-side in your browser memory; your personal income and investment numbers are never sent to WebTorq for processing.