Income tax calculator
Income Tax Calculator for AY 2026-27: Estimate Your Tax
Use this simplified calculator for income earned in FY 2025-26 and reported for AY 2026-27 under the Income-tax Act, 1961. It applies the old Act's new-regime slabs, assumes a resident individual, and includes a simplified Section 87A rebate and 4% cess.
For Tax Year 2026-27 under the Income-tax Act, 2025, use our FY 2026-27 old vs new tax regime calculator. Before filing, confirm your taxpayer category, residential status, income type and eligibility using the official Income Tax Department calculator and its user manual. This page is educational and does not replace a complete tax computation.
Simplified tax + cess estimate
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Not sure which regime? Use the old vs new regime calculator for your break-even. Renting? The HRA calculator applies the 2026 metro rule. Freelancers on presumptive tax should use the freelancer tax calculator.
Leaving a job? Gratuity above ₹20 lakh is taxable; check it in the gratuity calculator. Business owners selling a stake can start with the business valuation calculator.
Frequently asked questions
Which tax regime does this calculator use?
This simplified calculator is for income earned in FY 2025-26 and reported for AY 2026-27 under the Income-tax Act, 1961. It uses the new-regime slabs and does not allow most old-regime deductions such as HRA or Section 80C. It is not for Tax Year 2026-27 under the Income-tax Act, 2025.
What is the rebate under Section 87A?
For AY 2026-27, Section 87A may provide a rebate to eligible resident individuals under the new regime, subject to statutory conditions and income limits. This simplified tool assumes a resident individual with slab-rate income and does not model every eligibility condition or special-rate income. Check the official calculator before filing.
Does this include cess?
Yes. The final tax figure includes a 4% Health and Education Cess applied on top of the base tax after rebate, matching how the actual tax liability is computed.
Can I switch between the old and new tax regime?
Salaried individuals can generally choose their preferred regime each financial year when filing returns, while those with business income face restrictions on switching back and forth. Consult a tax professional for your specific situation.
Is this calculator a substitute for professional tax advice?
No. This tool provides a simplified estimate for planning purposes only. Your actual tax liability depends on your complete income sources, deductions, and applicable provisions, so consult a qualified CA or tax advisor before filing.
Related calculators & guides
Explore more: all calculators, the Old vs New Tax Regime Calculator, the HRA Calculator, the EMI Calculator, or the SIP Calculator.