Old regime estimate
Starts from gross income, subtracts standard deduction for salary or pension income, then applies eligible deductions such as 80C, 80D, HRA, home-loan interest and NPS.
Reviewed for current filing season: 9 June 2026
Income Tax Calculator for FY 2025-26 (AY 2026-27)
Estimate your income tax under the current new regime and the old regime, then check whether you may receive a refund or need to pay additional tax. This calculator is built for individual taxpayers with regular slab-rate income.
New regime
Default regime for eligible individuals. It has wider slabs, standard deduction for salary or pension income, and limited deductions.
Old regime
Useful where deductions and exemptions such as 80C, 80D, HRA, home-loan interest and NPS materially reduce taxable income.
Refund or payable
Enter TDS, TCS, advance tax and self-assessment tax to estimate refund or additional tax payable before filing.
Calculate Tax, Refund or Payable
Enter annual figures for FY 2025-26. The calculation includes standard deduction, Section 87A rebate and 4% health and education cess for regular individual income.
Important limits
- This calculator estimates tax for individual taxpayers and regular slab-rate income.
- Special-rate income such as certain capital gains, virtual digital assets, lottery income, surcharge and marginal filing restrictions should be reviewed separately.
- Section 87A rebate is generally for eligible resident individuals. Non-residents should not rely on rebate estimates without expert review.
- Business or professional taxpayers choosing the old regime may need to review Form 10-IEA rules before filing.
Need the return filed correctly?
All India ITR can compare regimes, reconcile AIS/Form 26AS, check deductions, calculate refund and file your ITR for AY 2026-27.
- Old vs new regime check
- Refund and tax payable review
- Form 16, AIS and Form 26AS reconciliation
For complex capital gains, VDA, NRI or business cases, ask an expert before filing.
Example Calculations
Salaried person with low deductions
Gross salary of Rs. 12,50,000 with limited deductions may often be better in the new regime because salary income can effectively benefit from standard deduction and the new-regime rebate threshold.
Salaried person with HRA and 80C
Where HRA, 80C, 80D, home-loan interest and NPS are substantial, the old regime may reduce taxable income enough to beat the new regime.
Refund estimate
If total tax including cess is Rs. 82,000 and TDS/TCS/advance tax total is Rs. 95,000, the estimated refund is Rs. 13,000 before processing adjustments.
Current AY 2026-27 Tax Slabs
| New regime taxable income | Rate |
|---|---|
| Up to Rs. 4,00,000 | Nil |
| Rs. 4,00,001 to Rs. 8,00,000 | 5% |
| Rs. 8,00,001 to Rs. 12,00,000 | 10% |
| Rs. 12,00,001 to Rs. 16,00,000 | 15% |
| Rs. 16,00,001 to Rs. 20,00,000 | 20% |
| Rs. 20,00,001 to Rs. 24,00,000 | 25% |
| Above Rs. 24,00,000 | 30% |
How the calculator works
New regime estimate
Uses updated FY 2025-26 slabs with standard deduction for salary or pension income. Most Chapter VI-A deductions are not applied in this estimate.
Rebate and cess
Calculates Section 87A rebate where eligible, then adds 4% health and education cess to arrive at total estimated tax under each regime.
Refund or payable
Compares total tax with TDS, TCS, advance tax and self-assessment tax already paid to show estimated refund or additional tax payable.
Related current ITR guides
File ITR Online
AY 2026-27 filing steps and examples
Old vs New Regime
Compare slabs, deductions and examples
Tax & Refund Calculator
Estimate tax, refund or extra payable
AIS/Form 26AS Mismatch
Fix TDS, income and refund mismatches
Belated, Revised & ITR-U
Know which correction route applies
Which ITR Form?
ITR-1, ITR-2, ITR-3 or ITR-4
Frequently Asked Questions
Q. Which tax regime is better for AY 2026-27?
It depends on your income and deductions. The new regime may be better where deductions are low, while the old regime may work where HRA, 80C, 80D, home-loan interest or NPS deductions are significant.
Q. Can this calculator estimate my refund?
Yes. Enter tax already paid through TDS, TCS, advance tax and self-assessment tax. The calculator compares that amount with estimated tax and shows refund or additional tax payable.
Q. Does it include capital gains and crypto tax?
It estimates regular slab-rate tax. Capital gains, crypto/VDA and other special-rate income need separate review before filing.
Q. Should I file only based on this result?
No. Use it as a planning estimate. Before filing, reconcile Form 16, AIS/TIS, Form 26AS, tax challans, deductions and special income schedules.
