What is an Income Tax Calculator?
The Income Tax Calculator is a free online tool that helps you estimate your tax liability for the latest assessment years in India. With the Income Tax Calculator, you can compare your tax under the old and new regimes, factor in deductions, and plan your finances efficiently. Updated for AY 2026-27 and AY 2025-26, this Income Tax Calculator uses the latest tax slabs and rules to give you accurate results instantly.
How Does the Income Tax Calculator Work?
Our Income Tax Calculator takes your total income, deductions, age group, and assessment year to compute your tax under both regimes. It applies the correct tax slabs, standard deduction, and rebates as per the latest budget. The Income Tax Calculator is ideal for salaried individuals, professionals, and anyone with multiple income sources.
Income Tax Slab Rates for AY 2026-27 (FY 2025-26)
New Regime:
| Income Range (₹) | Tax Rate |
|---|---|
| Upto 4,00,000 | NIL |
| 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% |
Old Regime:
| Income Range (₹) | Tax Rate |
|---|---|
| Upto 2,50,000 | NIL |
| 2,50,001 - 5,00,000 | 5% |
| 5,00,001 - 10,00,000 | 20% |
| Above 10,00,000 | 30% |
Income Tax Slab Rates for AY 2025-26 (FY 2024-25)
New Regime:
| Income Range (₹) | Tax Rate |
|---|---|
| Upto 3,00,000 | NIL |
| 3,00,001 - 6,00,000 | 5% |
| 6,00,001 - 9,00,000 | 10% |
| 9,00,001 - 12,00,000 | 15% |
| 12,00,001 - 15,00,000 | 20% |
| Above 15,00,000 | 30% |
Old Regime:
| Income Range (₹) | Tax Rate |
|---|---|
| Upto 2,50,000 | NIL |
| 2,50,001 - 5,00,000 | 5% |
| 5,00,001 - 10,00,000 | 20% |
| Above 10,00,000 | 30% |
Benefits of Using an Income Tax Calculator
- Instant Results: Get your tax liability in seconds for both regimes.
- Compare Regimes: The Income Tax Calculator shows which regime is more beneficial for you.
- Updated Slabs: Always uses the latest tax rates and rules.
- Financial Planning: Plan investments and deductions to optimize your tax outgo.
Frequently Asked Questions
- Does the Income Tax Calculator support both old and new regimes? Yes, you can compare your tax under both regimes for the latest years.
- Are the tax slabs updated for AY 2026-27? Yes, the Income Tax Calculator uses the latest slabs as per the 2025 budget.
- Can I include all types of income? Yes, add salary, interest, rental, and other income for a complete calculation.
- Is the Income Tax Calculator free? Yes, our Income Tax Calculator is completely free to use.
Use our Income Tax Calculator to estimate your tax, compare regimes, and plan your finances for the year ahead. Stay compliant and make smarter money decisions with this easy-to-use tool.