Live Calculator
Income Tax Calculator India
Estimate your income tax under both tax regimes and quickly see which option is likely to leave more money in your pocket.
This calculator is designed for salaried professionals and applies a simplified FY 2026-27 approach with standard deduction built in. Use it to compare regimes, not as a substitute for tax filing advice.
Inputs
Compare your tax under both regimes
Enter annual income and the deductions you realistically claim. We treat this as a simplified salaried-employee estimate for FY 2026-27.
Recommended regime
New Regime
Save ₹92,040 per yearEstimated annual tax: ₹0. That is ₹7,670 lower per month than the other regime.
Best for your inputs
New Regime
₹0
Estimated annual tax
Monthly tax
₹0
Taxable income
₹11,25,000
Take-home after tax
₹12,00,000
Effective tax rate
0.00%
Standard deduction
₹75,000
Other deductions used
₹0
Alternative regime
Old Regime
₹92,040
Estimated annual tax
Monthly tax
₹7,670
Taxable income
₹8,80,000
Take-home after tax
₹11,07,960
Effective tax rate
7.67%
Standard deduction
₹50,000
Other deductions used
₹2,70,000
Use Cases
When this tax calculator is useful
Comparing old vs new tax regime before your employer declaration window
Checking whether 80C, HRA, home loan, and NPS claims justify staying on old regime
Estimating monthly tax impact before accepting a salary revision or new offer
Understanding the rough tax difference between two deduction strategies
Reference
Frequently asked questions
Does this income tax calculator compare old and new tax regimes?
Yes. It estimates tax under both regimes and highlights the regime with the lower estimated annual tax for the inputs you provide.
Which financial year does this calculator use?
This calculator is designed around a simplified FY 2026-27 salaried-employee comparison using the standard deduction and the regime slabs currently modeled in SalaryTool.in.
Does it include standard deduction automatically?
Yes. The calculator applies the standard deduction automatically and then uses the extra deduction fields you enter to estimate taxable income.
Can I use this for exact tax filing?
No. It is a planning calculator, not filing software. Final tax depends on your actual income mix, exemptions, surcharge, cess treatment, and current law at the time of filing.
When does the old regime usually become better?
The old regime often becomes more attractive when your eligible deductions and exemptions are meaningfully large, especially across 80C, HRA, home loan interest, and other allowed claims.
How To Use
A practical way to compare the two regimes
Start by entering your annual salary before deductions. Then add only the deductions or exemptions you are reasonably confident you can claim. That helps you compare the old regime on realistic assumptions rather than on a best-case list of deductions you may never fully use.
If the difference between regimes is small, the result is best treated as a planning prompt rather than a final answer. In that situation, payroll treatment, bonus timing, or a missed deduction document can change the better option.
This page is intentionally useful for declaration windows and quick decision-making, but it should not replace a filing review when your income includes major non-salary components, surcharge implications, or edge-case exemptions.
Assumptions
Scope of the FY 2026-27 model
- The page models salaried-employee use cases rather than every tax profile.
- Standard deduction is built into the simplified comparison.
- Deductions only influence the regime where they are relevant in the model.
- The result is strongest for comparison and planning, not return filing.
Related Calculators
Explore more salary and tax tools
CTC to In-Hand Salary Calculator
Estimate monthly take-home salary from annual CTC with PF, professional tax, tax regime, and deduction assumptions.
Salary Hike Calculator
Calculate your revised annual salary, new monthly salary, and the real value of your hike in one view.
Tax Saving Calculator
Estimate tax saved from 80C, NPS, HRA, home loan interest, and other deductions for salaried employees in India.