Free tool · AY 2026-27
Income tax calculator
What you owe on a salary for AY 2026-27, worked out under both regimes at once. No sign-up, nothing stored.
An estimate, computed in your browser — nothing you type here is sent anywhere. It applies the ordinary rules and ignores surcharge relief, set-offs and anything specific to your documents. The return we build from your Form 16 does not.
How the tax on a salary is worked out
Your gross salary is reduced by a standard deduction — ₹75,000 under the new regime, ₹50,000 under the old one — before any rate is applied. What is left is your taxable income, and the slabs bite on slices of it rather than all at once.
Under the new regime, the first ₹4,00,000 is free, the next ₹4,00,000 is taxed at 5%, and so on up to 30% above ₹24,00,000. Earning one rupee more never costs you more than that rupee.
The rebate under s.87A then wipes out the tax entirely if your taxable income is within ₹12,00,000 under the new regime, or ₹5,00,000 under the old. Health and education cess of 4% is added last, on the tax rather than on the income.
Chapter VI-A deductions — 80C, 80D, 80G and the rest — only exist under the old regime. That is the trade: lower rates, or your deductions.
Common questions
Which regime am I in by default?
The new regime. Since FY 2023-24 it is the default, and choosing the old one is an election you make when you file. If you do nothing, you are taxed under the new regime.
Does the standard deduction apply to pension too?
Yes. Pension from a former employer is taxed under the head Salaries, so the same standard deduction applies.
Why is my actual tax different from this?
This applies the ordinary slab rules to a single salary figure. Your real return also carries exempt allowances, perquisites, other income, capital gains, house property and TDS already paid — all of which we read from your Form 16 rather than asking you to type.
Want the exact figure, not an estimate?
Attach your Form 16 and we compute the whole return from the real document — every exemption, every deduction, both regimes, and the right ITR form.
File your return free