Income Tax Calculator India – Calculate Tax Online (Old vs New Regime) | Arya Tech City

Income Tax Calculator

Income Tax Calculator – FY 2026-27

Calculate your estimated Indian income tax for FY 2026-27 under Old and New Tax Regimes.

Assessment Year: AY 2027-28

🔒 No income or personal financial information is sent to a server. Calculations are performed locally in your browser.

1 · Taxpayer Information

Financial Year

Age (years)

Taxpayer Category (auto-set from age, editable) Individual (below 60) Senior Citizen (60–79) Super Senior Citizen (80+)

I am a Resident Individual of India Section 87A rebate applies to resident individuals only. Non-residents: rebate will not be applied.

2 · Tax Regime

Old Tax Regime New Tax Regime Compare Both Regimes

3 · Income Details

Salary Income (₹)

Business / Profession Income (₹)

Income from House Property (₹)

Capital Gains (₹) (taxed at slab rate here — see note)

Interest Income (₹)

Other Sources (₹)

Note: Capital gains are added here at normal slab rates for simplicity. Special-rate capital gains (e.g. equity LTCG/STCG, which carry their own fixed rates such as 12.5%/20%) are not separately modelled in this calculator — treat any capital-gains figure entered here as approximate.

Gross Total Income ₹0

4 · Salary Details (optional — for your reference only)

These fields are informational only. They must already be part of the "Salary Income" figure above — entering them here does NOT add to your income and prevents double counting.

Basic Salary (₹) (already inside Salary Income)

HRA Received (₹) (already inside Salary Income)

Other Allowances (₹) (already inside Salary Income)

Professional Tax Paid (₹) Deductible only under the Old Regime.

Other Salary Components (₹) (already inside Salary Income)

5 · Deductions (Old Regime only)

The New Tax Regime does not permit most Chapter VI-A deductions. These fields are disabled and ignored under the New Regime (only the Standard Deduction applies).

Section 80C (₹) (limit ₹1,50,000)

Section 80CCD(1B) – NPS (₹) (limit ₹50,000)

Section 80D – Health Insurance (₹) (limit ₹25,000 / ₹50,000 if senior citizen)

Section 80TTA – Savings Interest (₹) (limit ₹10,000, non-seniors)

Section 80TTB – Senior Citizen Interest (₹) (limit ₹50,000, seniors only)

Section 80G – Donations (₹) (approximate — see note)

Other Eligible Deductions (₹)

Section 80G note: actual eligibility depends on the type of institution and whether the donation qualifies for 100% or 50% deduction, with or without a qualifying-amount ceiling (commonly 10% of adjusted gross total income). This calculator applies a simplified cap of 10% of Gross Total Income to the 80G figure you enter — verify your exact eligible amount with a tax professional.

Disclaimer: This calculator provides an estimated tax calculation for informational purposes only. Tax liability may vary based on individual circumstances, applicable tax laws, exemptions, deductions, capital gains rules, special-rate income and other provisions. Please verify the calculation with the latest official Income Tax Department rules or a qualified tax professional before filing your return.

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Understanding how much income tax you owe can be confusing with India's dual tax regime system. Our Income Tax Calculator simplifies this by letting you enter your annual income, deductions, and investments to instantly estimate your tax liability under both the old and new tax regimes — so you can compare and choose the one that saves you more money. This tool is regularly updated to reflect the latest tax slabs announced in the Union Budget, making it a reliable reference for salaried employees, freelancers, and small business owners planning their finances ahead of tax filing season.

How to Use:

1. Enter your annual gross income
2. Add eligible deductions (80C, 80D, HRA, etc.) if using old regime
3. Select tax regime (Old / New) to compare
4. Click "Calculate" to see estimated tax payable

FAQ:

• Q: What's the difference between old and new tax regime? 

A: The old regime allows various deductions and exemptions (like 80C, HRA) but has higher tax rates; the new regime has lower rates but fewer deductions.

• Q: Is this calculator updated with the latest tax slabs? 

A: Yes, the tool reflects the most recent tax slabs from the current financial year's budget.

• Q: Can freelancers and self-employed individuals use this? 

A: Yes, anyone with taxable income in India can use it to estimate liability, though professional advice is recommended for complex cases.

• Q: Is this calculator a substitute for professional tax filing advice? 

2A: No, it gives an estimate only. For actual filing, consult a tax professional or use official government portals.