Income Tax Calculator India – Compare Tax Regimes Online | WebTorq
Calculate your estimated income tax under the New and Old Tax Regimes in India. Compare tax slabs, deductions (80C, 80D, standard deduction), cess, and marginal relief u/s 87A.
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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
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 tax regime is better for FY 2025-26?
The New Tax Regime is the default and has lower slabs with no tax up to ₹12 Lakh (Section 87A rebate). The Old Tax Regime can be better if you claim substantial deductions like HRA, home loan interest, and 80C.
What is Section 87A Marginal Relief?
Marginal relief prevents a tax cliff for individuals earning marginally above the rebate threshold (₹12 Lakh for FY 25-26 / ₹7 Lakh for FY 24-25) by capping the tax payable to the excess income.