India Income Tax Calculator 2026
Calculate your income tax under both New and Old tax regimes. The New Regime (default) offers lower rates with fewer deductions. The Old Regime allows deductions under Section 80C, 80D, HRA, and more.
New vs Old Tax Regime
From FY 2023-24, the New Tax Regime is the default. It offers lower tax rates with six slabs up to 30%, but you cannot claim most deductions. The Old Tax Regime has higher rates but allows deductions up to ₹1.5 lakh under Section 80C, plus HRA, 80D, LTA, and more. Use this calculator to compare both and choose the one that saves you the most tax.
India Income Tax Calculator 2026 — Free Tax Calculator (New & Old Regime)
Free India Income Tax calculator for FY 2025-26. Compare New vs Old tax regime. Calculate tax with Section 80C, 80D, HRA, NPS deductions and 4% cess.
Gross Income₹12,00,000
Taxable Income₹11,25,000
Total Tax (incl. 4% cess)₹28,600
Monthly Tax₹2,383
Effective Tax Rate2.4%
Section 87A Rebate₹25,000
Tax Breakdown
| Slab | Rate | Taxable | Tax |
|---|---|---|---|
| ₹0L - ₹4L | 0% | ₹4,00,000 | ₹0 |
| ₹4L - ₹8L | 5% | ₹3,99,999 | ₹20,000 |
| ₹8L - ₹12L | 10% | ₹3,24,999 | ₹32,500 |
| Total | ₹11,25,000 | ₹28,600 |