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Income Tax Slabs Calculator

Compare old vs new tax regimes and find the optimal choice for your income.

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Additional Income
Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the Income Tax Slabs Calculator

  1. Select Tax Regime: Choose between the New Tax Regime (default) or the Old Tax Regime using the toggle buttons.
  2. Enter Annual Income: Type your gross annual salary or total income in Indian Rupees (₹).
  3. Select Age Group: Choose your age bracket — Below 60, 60-80, or Above 80 years for senior citizen exemptions.
  4. Add Additional Income: Enter Capital Gains and Other Sources income if applicable.
  5. Click Calculate Tax: See a detailed slab-wise breakdown, total tax liability, cess, and effective tax rate.

Frequently Asked Questions

What is the difference between Old and New Tax Regime?

The Old Regime allows deductions like 80C (₹1.5L), 80D, HRA, LTA but has higher tax rates. The New Regime has lower slab rates but allows only standard deduction of ₹75,000 and NPS employer contribution.

Is the New Tax Regime better for salary above ₹15 Lakhs?

Generally yes. With lower slab rates and ₹75,000 standard deduction, the New Regime is beneficial unless you have deductions exceeding ₹3.75 Lakhs under the Old Regime.

Can I switch between regimes every year?

Salaried individuals can switch every year. Those with business income under 44AD/ADA can only switch once.

What is the Standard Deduction for AY 2026-27?

Standard Deduction is ₹75,000 under the New Tax Regime and ₹50,000 under the Old Regime.

Is there any rebate under Section 87A?

Yes. Under the New Regime, taxable income up to ₹8,00,000 gets full rebate under Section 87A, making income up to ₹8.75L (with standard deduction) tax-free.

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Standard Deduction Calculator

Analyze tax savings from standard deduction for salaried employees and pensioners.

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Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the Standard Deduction Calculator

  1. Enter Salary/Pension Income: Type your gross annual salary or pension income.
  2. Select Employment Type: Choose Private Sector, Government, Pensioner, or Multiple Employers.
  3. Select Financial Year: Choose FY 2025-26 (₹75,000 New Regime) or FY 2024-25 for comparison.
  4. Click Calculate Benefits: See your tax savings from standard deduction.

Frequently Asked Questions

What is Standard Deduction?

A flat deduction from salary/pension income. New Regime (FY 2025-26): ₹75,000. Old Regime: ₹50,000. No proof required.

Is Standard Deduction available under both regimes?

Yes. Available under both regimes with different amounts — ₹50,000 (Old) vs ₹75,000 (New Regime from FY 2025-26).

Can pensioners claim Standard Deduction?

Yes! Pensioners can claim it. Family pension receivers can claim ₹15,000 or 1/3 of pension, whichever is lower.

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NPS Calculator

Plan retirement corpus and tax benefits under Section 80CCD.

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Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the NPS Calculator

  1. Enter Monthly Contribution: Type the amount you invest monthly in NPS (minimum ₹500/month for Tier I).
  2. Set Investment Duration: Enter years of investment. NPS matures at age 60.
  3. Select Risk Profile: Choose Conservative (~7%), Moderate (~9%), or Aggressive (~11%).
  4. Click Calculate Corpus: See projected retirement corpus, tax savings under 80CCD, and estimated monthly pension.

Frequently Asked Questions

What is the NPS tax benefit under Section 80CCD?

80CCD(1): Up to 10% of salary (within ₹1.5L of 80C). 80CCD(1B): Additional ₹50,000. 80CCD(2): Employer contribution (up to 14% for central govt) — available even under New Regime.

Is NPS withdrawal taxable?

At maturity (age 60), 60% is tax-free. The remaining 40% must purchase an annuity (pension), taxable at your slab rate.

Can I withdraw NPS before retirement?

Partial withdrawal allowed after 3 years for specific reasons (illness, education, home purchase) up to 25% of own contributions.

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House Property Income

Calculate income/loss from house property for tax purposes.

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Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the House Property Calculator

  1. Select Property Type: Choose Self-Occupied, Let Out, or Multiple Properties.
  2. Enter Rent Details: For let-out property, enter annual rent received.
  3. Enter Deductions: Add Municipal Taxes paid and Home Loan Interest paid annually (Section 24(b)).
  4. Click Calculate: See taxable income from house property with 30% standard deduction on Net Annual Value.

Frequently Asked Questions

What is the maximum home loan interest deduction?

Self-occupied: ₹2,00,000 under Section 24(b). Let-out: Entire interest (no limit). Under New Regime, 24(b) is NOT available for self-occupied but IS for let-out.

What is the 30% Standard Deduction on house property?

For let-out property, a flat 30% deduction on Net Annual Value is allowed for repairs/maintenance. No proof needed.

Can I claim loss from house property?

Yes. Set off up to ₹2,00,000 loss from house property against other income. Excess loss carried forward 8 years.

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Salary Breakup Calculator

Breakdown your CTC into Basic, HRA, and Allowances.

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Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the Salary Breakup Calculator

  1. Enter Basic Salary: Type your annual Basic Pay (typically 40-50% of CTC).
  2. Add Components: Fill in HRA, Special Allowance, EPF Contribution, and Professional Tax.
  3. Check Gratuity Option: Toggle Estimate Gratuity for gratuity calculation (applicable after 5 years).
  4. Click Calculate: See complete breakup including take-home, tax deductions, and employer contributions.

Frequently Asked Questions

What percentage of CTC is Basic Salary?

Typically 40-50% of CTC. Higher basic = higher EPF, gratuity, HRA but also higher taxable income.

How is Professional Tax calculated?

State-level tax, most states cap at ₹2,500/year (₹200/month). Fully deductible from taxable income under both regimes.

What is the Gratuity formula?

Gratuity = (Last Basic Salary × 15 × Years of Service) / 26. Payable after 5 years. Tax-exempt up to ₹20,00,000.

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HRA Exemption Calculator

Calculate tax-exempt House Rent Allowance (Section 10(13A)).

Metro cities get 50% exemption, others get 40%.
Disclaimer: These tools are for informational purposes only. Please consult a qualified tax professional before making financial decisions.

How to Use the HRA Exemption Calculator

  1. Enter Basic Salary + DA: Type annual Basic Pay and Dearness Allowance.
  2. Enter HRA & Rent: Fill in HRA received and actual rent paid annually.
  3. Select City Type: Metro (50% exemption) or Non-Metro (40%).
  4. Click Calculate: See HRA exemption (minimum of three methods per Section 10(13A)).

Frequently Asked Questions

How is HRA exemption calculated?

Minimum of: (a) Actual HRA received, (b) 50% of Basic+DA for metro / 40% for non-metro, (c) Rent paid minus 10% of Basic+DA.

Is HRA available under the New Tax Regime?

No. HRA exemption under Section 10(13A) is NOT available under the New Tax Regime.

Do I need rent receipts to claim HRA?

If annual rent exceeds ₹1,00,000, you must provide landlord PAN to employer. Rent receipts recommended as proof.

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Mastering Income Tax for AY 2026-27

Understanding the Finance Act 2026 is crucial for maximizing your take-home salary. With the introduction of the standard deduction hike to ₹75,000 and revised tax slabs in the New Regime, taxpayers have more opportunities to save. Our advanced Income Tax Calculator India helps you compare the Old vs. New Regime instantly, ensuring you choose the most beneficial option.

How to Use This Tool

  1. Enter your Gross Annual Salary (CTC) in the input field.
  2. Select your Age Group (Tax slabs differ for Senior Citizens in Old Regime).
  3. Add any Exemptions like HRA, LTA, or Standard Deduction (auto-calculated).
  4. Input Deductions under Section 80C, 80D, etc., if choosing the Old Regime.
  5. Click Calculate Tax to see a side-by-side comparison.

Frequently Asked Questions

Generally, yes. With the lower tax rates (max 30% above ₹15L) and increased standard deduction of ₹75,000, the New Regime is beneficial for those with deductions less than ₹3.75 Lakhs.

Salaried individuals can switch between Old and New regimes every year based on which is more beneficial. However, those with business income can only switch once.

As per Finance Act 2026, the Standard Deduction has been increased to ₹75,000 for salaried employees under the New Tax Regime.

Important Disclaimer

The income tax calculators, salary breakup tool, HRA exemption calculator, NPS planner, and house property calculator provided on this page are for general informational and educational purposes only. They do not constitute professional tax, legal, or financial advice.

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