Tool
Income tax calculator
An estimate for a resident individual for tax year 2026-27 (AY 2027-28), under both regimes. Nothing you type leaves your browser.
The new regime is lower for these figures, by ₹1,63,800.
Estimated tax₹0
- Gross total income
- ₹12,00,000
- Standard deduction
- − ₹75,000
- Taxable income
- ₹11,25,000
- 5% on ₹4,00,000
- ₹20,000
- 10% on ₹3,25,000
- ₹32,500
- Rebate under section 87A
- − ₹52,500
- Health and education cess at 4%
- ₹0
- Total tax
- ₹0
- Effective rate on gross income
- 0%
These figures are for tax year 2026-27. The next return deadline on the calendar is 31 July 2026 — income-tax return for ay 2026-27: common non-audit deadline, which is a different year’s return. Every date, with its source, is on the compliance calendar.
What this does not cover
Salary and other ordinary income only. It does not handle capital gains, which are taxed at their own rates rather than the slabs, nor business or professional income, losses carried forward, relief under section 89, foreign income, or anyone who is not a resident individual. If any of those apply, the number above is not your liability.
Why one deductions box instead of a form
Because the alternative would be worse. The limits that matter are conditional in ways a form hides: the medical insurance limit depends on whether anyone insured is a senior citizen, the employer pension deduction is a percentage of basic pay rather than a fixed cap, and the house rent exemption is the least of three separate calculations. A form that gets one of those subtly wrong produces a confident figure that sends you to the wrong regime. Your own total is better input than our guess at it.
Where the rates come from
Slabs, standard deduction, rebate, surcharge and cess are as enacted on 30 March 2026, from Finance Act, 2026 (Gazette of India). They have not been checked against notifications issued since, and a notification can move any of them.
This is an estimate to help you plan, not advice and not a computation you should file from. Send an enquiry and the practice will work it through against your actual position.