Online Income Tax Calculator India – Accurate, Fast & Updated
Use the Niraj Nanal Income Tax Calculator for accurate results. Get instant tax calculations, compare the old vs. new tax regimes, and make informed financial decisions with confidence.
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Income Tax Calculator
| Previous FY(2024-2025) | Current FY(2025-2026) |
| Components | Old Tax Regime | New Tax Regime |
|---|---|---|
| Total Gross Income | ||
| Total Eligible Deductions | ||
| Taxable Income | ||
| Tax on Taxable Income | Show BreakUp | Show BreakUp |
| Less: Rebate Under Section 87A(a) | ||
| Less: Relief Under Section 87A(b) | ||
| Total Tax on Income | ||
| Surcharge | ||
| Health and Education Cess (4% of Tax on taxable Income + Surcharge) | ||
| Total Tax to be Paid |
| Components | Old Tax Regime | ||||
|---|---|---|---|---|---|
| Total Gross Income | |||||
| Total Eligible Deductions | |||||
| Taxable Income | |||||
| Tax on Taxable Income | Show BreakUp ×
| ||||
| Less: Rebate Under Section 87A(a) | |||||
| Less: Relief Under Section 87A(b) | |||||
| Tax on Total Income | |||||
| Surcharge | |||||
| Health and Education Cess (4% of Tax on taxable Income + Surcharge) | |||||
| Total Tax to be Paid |
| Components | New Tax Regime | ||||
|---|---|---|---|---|---|
| Total Gross Income | |||||
| Total Eligible Deductions | |||||
| Taxable Income | |||||
| Tax on Taxable Income | Show BreakUp ×
| ||||
| Less: Rebate Under Section 87A(a) | |||||
| Less: Relief Under Section 87A(b) | |||||
| Tax on Total Income | |||||
| Surcharge | |||||
| Health and Education Cess (4% of Tax on taxable Income + Surcharge) | |||||
| Total Tax to be Paid |
Income Tax Calculator
It may seem difficult to understand and plan your taxes, but it doesn’t have to be.
You can estimate your taxable income, compare the old and new tax regimes, and efficiently plan your savings with our online income tax calculator India.
This income tax calculator can be used by salaried employees, independent contractors, and business owners to determine their income tax liability for the financial year 2025–2026.
Why You Should Use Income Tax Calculator?
India’s income tax system is constantly evolving, including slabs, deductions, exemptions, and regulations.
For this reason, having a user-friendly tax calculator in India is crucial.
Using our calculator, you can:
- Quickly calculate your income tax
- Compare difference between old and new tax regime.
- Identify taxable income
- Understand the impact of exemptions and deductions
- Plan your finances with clear tax projections.
How to Use the Online Income Tax Calculator?
Here’s a simple, step-by-step process to approximate your income tax liability.
Step 1 – Select Assessment Year:
Choose the correct assessment year. For example, if you are calculating the tax for income earned in FY 2025-26, select the assessment year 2026-27.
Step 2 – Enter Your Age:
The senior citizen tax slabs include age factors. In the old tax regime, the exemption limit for residents over 60 or 80 is different.
Step 3 – Input Income Details:
Provide information such as:
• Gross salary
• Income from other sources (interest, rental, etc.)
• Annual HRA received
• Annual interest paid on home loans
Step 4 – Apply Deductions and Exemptions:
Include applicable deductions like:
• 80C deduction (EPF, PPF, NSC, ELSS)
• NPS deduction under Section 80CCD
• Medical insurance premiums under Section 80D
• Education loan interest under Section 80E
• HRA exemption based on rent paid and city of residence
• Other eligible tax benefits
Step 5 – Calculate Income Tax:
Click on Calculate to see your income tax for both the old and new tax regimes, including cess and surcharges.
How to Calculate Income Tax in India? –
Example
India has a progressive taxation system, meaning higher income is taxed at higher rates.
Let’s take an example of Mr. Rohan, a salaried employee working in Bangalore:
- Annual Salary: Rs 20,00,000
- Other income: Savings account interest Rs 18,000
- HRA Received: Rs. 6,00,000
- Rent paid: Rs. 3,60,000 p.a.
- Standard deduction: Rs 50,000 (old regime), Rs75,000 (new regime)
Investments & Deductions:
- 80C deduction: Rs1,50,000 (EPF + PPF + ELSS)
- Medical insurance premium: Rs25,000 (Section 80D)
- Savings account interest exemption: Rs10,000 (Section 80TTA)
Step 1: Calculate Gross Total Income
| Particulars | Amount (Rs) |
| Basic Salary | 7,20,000 |
| Dearness Allowance | 2,40,000 |
| HRA | 6,00,000 |
| LTA | 40,000 |
| Special Allowance | 4,00,000 |
| Gross Salary Income | 20,00,000 |
| Interest Income | 18,000 |
| Total Income | 20,18,000 |
Step 2: Apply Deductions (Old Tax Regime)
Deduction Type | Amount (Rs) |
Standard Deduction | 50,000 |
HRA Exemption | 2,88,000 |
80C (EPF + PPF + ELSS) | 1,50,000 |
Medical Insurance (80D) | 25,000 |
Savings Interest (80TTA) | 10,000 |
Total Deductions | 5,23,000 |
Taxable Income (Old Regime) = 20,18,000 – 5,23,000 = Rs 14,95,000
Step 3: Calculate Tax (Old Tax Regime)
Income (Rs) | Tax Rate | Tax Amount (Rs) |
0 – 2,50,000 | 0% | 0 |
2,50,001 – 5,00,000 | 5% | 2,50,000 × 5% = 12,500 |
5,00,001 – 10,00,000 | 20% | 5,00,000 × 20% = 1,00,000 |
Above 10,00,000 | 30% | 4,95,000 × 30% = 1,48,500 |
Total Tax Before Cess = 12,500 + 1,00,000 + 1,74,600 = Rs 2,61,000
Health & Education Cess (4%) = 2,61,000 × 4% = Rs 10,440
Total Tax Liability (Old Regime) = 2,61,000 + 10,440 = Rs 2,71,440
Step 4: Apply Deductions (New Tax Regime)
Deduction Type | Amount (Rs) |
Standard Deduction | 75,000 |
Taxable Income (New Regime) = 20,18,000 – 75,000 = Rs 19,43,000
Step 5: Calculate Tax (New Tax Regime)
Income (Rs) | Tax Rate | Tax Amount (Rs) |
0 – 3,00,000 | 0% | 0 |
3,00,001 – 7,00,000 | 5% | 4,00,000 × 5% = 20,000 |
7,00,001 – 10,00,000 | 10% | 3,00,000 × 10% = 30,000 |
10,00,001 – 12,00,000 | 15% | 2,00,000 × 15% = 30,000 |
12,00,001 – 15,00,000 | 20% | 3,00,000 × 20% = 60,000 |
15,00,001 – 19,43,000 | 30% | 4,43,000 × 30% = 1,32,900 |
Total Tax Before Cess = 20,000 + 30,000 + 30,000 + 60,000 + 1,32,900 = Rs 2,72,900
Health & Education Cess (4%) = 2,72,900 × 4% = Rs 10,916
Total Tax Liability (New Regime) = 2,72,900 + 10,916 = Rs 2,83,816
Step 6: Compare Old vs New Tax Regime
Regime | Total Tax Liability (Rs) |
Old Regime | 2,71,440 |
New Regime | 2,83,816 |
In this case, the old tax regime is slightly beneficial for Mr. Rohan, saving Rs 12,376 as compared to the new regime.
Use it for planning your income tax filing efficiently and make informed decisions.
Old Tax Regime Vs. New Tax Regime – Which one you should choose?
| Particulars | Old Regime | New Regime |
| Purpose | Encouraging taxpayers to opt for investment plans to reduce taxabe income. | To simplify tax structure and provide flexibility to manage finances without being tied to specific tax-saving instruments. |
| Tax Slabs | Old Regime had tax slabs with higher rates. | New regime comparatively has more slabs with lower rates. |
| Deductions | Allows wide range of deductions under Section 80C to 80U. | Only fewer deductions are allowed. |
| Tax-free income threshold | Income upto 5 lakhs is tax free with rebate. | Income upto 12 lakhs is tax free with rebate. |
The online income tax calculator lets you compare both regimes quickly so you can choose the better option.
Why Niraj Nanal Income Tax Calculator Works better?
Designed by Mr. Niraj Nanal CFPCM, RLP®
A Certified Financial Planner and Registered Life Planner
- With 15+ years of experience
- Guided 100+ clients towards financial freedom.
- Unique ad effective Life Planning Approach that has help many families to achieve their life goals.
Make smarter tax decisions with expert guidance.
Income Tax Slabs
Income Tax Slab Rates under the new regime for FY 2025-26:
Income Slabs | Income Tax Rates |
Up to Rs. 5 lakh | NIL |
Rs. 5 lakh – Rs. 10 lakh | 20% |
Above Rs. 10 lakh | 30% |
Note: No income tax for income up to Rs. 12 Lakhs. This is because of a rebate applicable to the new regime, which is Rs. 60,000.
Income Tax Slabs
Income tax slabs under the old regime
(Individuals below 60 Years of Age)
Income Slabs | Income Tax Rates |
Up to Rs. 2.5 lakh | NIL |
Rs. 2.5 lakh – Rs. 5 lakh | 5% |
Rs. 5 lakh – Rs. 10 lakh | 20% |
Above Rs. 10 lakh | 30% |
Resident Individuals Aged 60-80 Years
Income Slabs | Income Tax Rates |
Up to Rs. 3 lakh | NIL |
Rs. 3 lakh – Rs. 5 lakh | 5% |
Rs. 5 lakh – Rs. 10 lakh | 20% |
Above Rs. 10 lakh | 30% |
Resident Individuals Aged more than 80 Years
Income Slabs | Income Tax Rates |
Up to Rs. 5 lakh | NIL |
Rs. 5 lakh – Rs. 10 lakh | 20% |
Above Rs. 10 lakh | 30% |
Surcharge and Education Cess
If your income exceeds a certain threshold, you will incur additional taxes on top of the existing rates. This additional tax specifically targets high-income earners.
The surcharge rates are as follows:
- 10% of Income tax if total income > Rs.50 lakh and < Rs.1 crore,
- 15% of Income tax if total income > Rs.1 crore and < Rs.2 crore,
- 25% of Income tax if total income > Rs.2 crore and < Rs.5 crore,
- 37% of Income tax if total income > Rs.5 crore
Note: The highest surcharge rate of 37% has been reduced to 25% under the new tax regime.
Additional Health and Education cess at the rate of 4% will be added to the income tax liability.
Need Personal Guidance?
For personalized financial planning and help with tax planning, connect with Niraj Nanal. Take the first step toward your financial freedom and stress-free financial and tax management.
FAQ: We’re Here to Help
You calculate income tax by reducing deductions from your gross income, applying the appropriate tax slabs, and adding cess.
Your salary tax is calculated by:
Income – applicable Deductions = Taxable Income
Then calculate as per the tax slab.
You can claim deduction upto Rs 1,50,000 by investing in:
- ELSS Schemes
- PPF
- EPF
- FD
- NPS etc.
- The new tax regime gives lower tax rates but fewer deductions.
- The old tax regime allows deductions like 80C, HRA, 80D, home loan interest, etc.
If you have significant deductions to claim, the old regime may help you save more tax. If not, the new regime often works better.
