Income Tax Calculator India (FY 2026-27)
Estimate income tax under the New Regime, Old Regime, or side-by-side compare for FY 2026-27. Start from annual CTC / gross or a salary breakup.
What you can model
- New vs Old regime tax with standard deduction
- Salary breakup: basic, HRA, allowances, bonus
- Leave encashment and gratuity (with common exemption caps)
- Old-regime deductions: 80C, 80D, 80E, home-loan interest, HRA via rent
- 87A rebate messaging, surcharge, and 4% cess
How tax is estimated
We compute taxable income after the deductions available in each regime, apply slab tax, then surcharge and cess. This is a planning estimate — not a filed return or advice from a tax professional.
FAQ
What can I enter beyond CTC?
Break salary into basic, HRA, allowances, bonus; add leave encashment / gratuity received; claim HRA via rent; and Old-regime deductions like 80C, 80D, 80E, and home-loan interest.
Leave encashment & gratuity?
On retirement/resignation, exemptions apply (commonly up to ₹25L leave and ₹20L gratuity for many non-govt cases). Enter received + exempt; taxable portion is added to income.
Is HRA exemption available on the New regime?
HRA exemption is Old-regime only. On New, HRA is fully taxable — we still count it in salary, but do not exempt it.
Which financial year does this use?
The calculator is tuned for FY 2026-27 New vs Old regime planning (slabs, standard deduction, 87A messaging, surcharge, and 4% cess). Rules can change — verify with official sources.