Estimate India income tax under new or old regime for FY 2025–26 / AY 2026–27. Includes standard deduction, 87A rebate, and 4% cess. Not tax advice.
Added May 8, 2026
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Enter a value for gross salary to see your result.
Estimates India income tax under the new or old regime using official slab tables, standard deduction, and Section 87A rebate. Includes 4% Health & Education Cess. Illustrative only — consult a tax professional or verify at incometax.gov.in.
Taxable income = ₹12L − ₹75K standard deduction = ₹11.25L. Tax on ₹11.25L ≈ ₹52,500. Section 87A rebate (limit ₹12L) wipes tax to nil.
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Taxable income = ₹20L − ₹75K = ₹19.25L. Tax ≈ ₹1,79,250. With 4% cess → ₹1,86,420; effective rate ≈ 9.3%.
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FY (Financial Year) is the year in which income is earned — 1 April to 31 March. AY (Assessment Year) is the following year in which you file your ITR and pay the tax. For example, income earned in FY 2025–26 (Apr 2025 – Mar 2026) is assessed in AY 2026–27.
The new regime offers lower slab rates without most deductions. The old regime allows deductions (80C, HRA, home loan interest, etc.) but at higher slab rates. If your total eligible deductions exceed roughly ₹3–3.75 lakh (varies by income), the old regime may save more tax. Run both and compare.
Under the new regime for FY 2025–26, the Section 87A rebate wipes out tax for taxable income up to ₹12 lakh. For salaried individuals, the ₹75,000 standard deduction means gross income up to ₹12.75 lakh results in zero tax. Above that threshold, the full slab tax (no rebate) applies.
Section 87A provides a tax rebate for individuals whose net taxable income is below a threshold. For FY 2025–26 under the new regime, the rebate covers up to ₹60,000 of tax for income up to ₹12 lakh, effectively making it zero.
Yes. A 4% Health & Education Cess is applied on the income tax amount (after the 87A rebate) and is included in the total shown as 'Income tax + cess'.
Surcharge applies to high earners: 10% for income between ₹50L–₹1Cr, 15% for ₹1Cr–₹2Cr, and higher rates above that. Since it affects a smaller subset, it is excluded from this illustrative estimate. If your income exceeds ₹50 lakh, your actual tax will be higher.
This tool does not model individual deductions. To estimate old regime take-home with 80C, HRA, or home loan interest, subtract your total eligible deductions from gross salary and enter the reduced figure as gross before selecting the old regime.