Run a conservative scenario before relying on the headline result.
Income Tax Calculator
Estimate salary tax under AY 2026–27 old or new regime assumptions. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
New-regime estimated tax₹1.51 LUpdates instantly as you edit
Taxable normal income₹17.25 L
Tax including cess₹1.51 L
Gross income after estimated tax₹16.49 L
Projection journeyHover to inspect a year
AY 2026–27 salary illustration with the selected regime standard deduction, rebate, marginal relief, surcharge and 4% cess. Enter only deductions legally available in the selected regime; special-rate income is excluded.
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Five smart nudges
Use the result with context.
Review the assumptions after any major change in income, rates or goals.
Keep emergency money separate from long-term investments.
Account for taxes, charges and inflation when comparing options.
Use this estimate to ask better questions, not as a return promise.
Understanding Income Tax in India
Editorially reviewed 12 July 2026 · Rules and assumptions can change
Start with the correct year and regime
Income-tax slabs, rebate, standard deduction, surcharge and cess can change by tax year. The Income-tax Act, 2025 is scheduled to operate from 1 April 2026 while generally preserving policy intent in simplified form; always select the relevant assessment/financial year and verify current official utilities. A calculator labelled simply “income tax” cannot safely apply one slab set forever.
Old and new regime comparisons require more than entering total deductions. Some exemptions and deductions are unavailable or altered under a regime, and salary, house property, capital gains, business and special-rate income are not interchangeable.
Taxable income is not gross receipts
Build income source by source: salary after applicable components, house property, business or profession, capital gains and other sources. Then apply only eligible deductions under the chosen regime. Special-rate gains may not receive the same slab or rebate treatment as normal income.
For example, adding ₹2 lakh of equity capital gain to ₹18 lakh salary cannot always be modelled as ordinary slab income. The site’s simple estimate is a first pass; use the official filing utility for the return.
Rebate, surcharge, cess and marginal relief
A rebate can reduce tax for qualifying resident individuals within statutory conditions; it does not mean the same income is exempt for every purpose. Surcharge applies at specified higher incomes, cess is calculated on tax plus surcharge, and marginal relief can alter outcomes around thresholds.
TDS and advance tax are payments against liability, not the liability itself. Refund or balance due depends on reconciling Form 26AS, AIS/TIS and challans.
Tax-estimate checklist
Choose the exact year and regime, classify every income source, identify special-rate items, verify deductions, set-off and carry-forward rules, then apply rebate, surcharge and cess. Reconcile taxes paid separately.
Do not file from this educational output. Use the official portal utility and professional advice for business income, foreign assets, capital gains, residency changes or complex house-property cases.
Official sources used for this guide
- Income Tax Department — Income-tax Act 2025 FAQs ↗
- Income Tax Department — section 202 tax slabs ↗
- Income Tax Department — section 156 rebate ↗
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Income Tax calculator FAQs
Is gross salary the same as taxable income?
No. Taxable salary follows statutory inclusions, exemptions and deductions for the selected regime and year.
Are capital gains taxed through normal slabs?
Some gains have special rates and conditions; classify them separately.
Does TDS equal final tax?
No. It is credit against the final computed liability.
Can rebate apply to every kind of income?
Eligibility and treatment depend on the statutory provision, residency, income level and income type.
Can this result be used to file a return?
Use the official filing utility and current law; this simplified estimate is for initial planning.