FY 2025–26 · AY 2026–27 · Finance Act 2025

Income Tax Calculator

Enter your income across all heads — tax computed instantly under both New & Old Regime side-by-side with slab breakup, surcharge, cess & marginal relief.

Enter Your Income & Deductions

All figures annual (₹). Leave blank if not applicable. Figures auto-format as you type.

Taxpayer Category

Residential Status

① Income from Salary

ℹ

How to fill: Enter your Gross Salary including HRA and all allowances but excluding any Special Income taxed at flat rates (e.g. LTCG, STCG, lottery). Then enter the applicable deductions below.

Income from Salary (Gross — incl. HRA, allowances, bonus. Excl. Special Rate Income)

₹

Less: Exempt Allowances u/s 10 (HRA, LTA, Uniform, Children Education etc.)

₹

Old Regime only. Enter total exemptions received under Sec 10.

Less: HRA Exemption u/s 10(13A) (Old Regime only)

₹

Min of: actual HRA received, rent paid – 10% salary, 50%/40% of salary.

Less: Professional Tax (PT) Paid

₹

Max ₹2,500 (u/s 16(iii)). Old Regime only — not deductible in New Regime.

Less: Only those deductions & exemptions allowed in Both Regimes (e.g. NPS Employer 80CCD(2), 80JJAA)

₹

80CCD(2) allowed in both regimes. Max 14% of basic (Govt) / 10% (private).

② Other Income Heads

Income from Interest (FD, RD, Savings, Bonds)

₹

Include FD interest, RD interest, savings account interest, bond interest etc.

Rental Income Received (Let-out property — Gross Annual Rent)

₹

30% standard deduction is automatically applied on net annual value.

Interest on Home Loan — Self Occupied (Sec 24b — Old Regime only)

₹

Max deduction ₹2,00,000. Old Regime only. Not allowed in New Regime.

Interest on Home Loan — Let Out (Sec 24b — no cap in Old Regime)

₹

Net loss from let-out property. Max ₹2L set-off against other income in both regimes.

Add: Commission Income

₹

Add: Dividend Income

₹

Add: PGBP — Business / Profession Income

₹

Add: Other Income (gifts, misc, not covered above)

₹

③ Special Income — taxed at flat rates, not at slab

⚠

Special income is excluded from slab calculation. Tax is computed at the fixed rates shown. These rates apply in both regimes equally. Enter only the net amount (after cost of acquisition).

LTCG u/s 112A — Equity Shares / Equity MF

₹

Tax @ 12.5% on amount exceeding ₹1,25,000 (FY 2025-26 exemption limit).

STCG u/s 111A — Equity Shares / Equity MF (STT paid)

₹

Tax @ 20% on full amount (effective from 23 July 2024).

Other LTCG — Debt MF, Property, Gold, Bonds etc.

₹

Tax @ 12.5% without indexation (for debt MF, property, gold etc.).

Income from Digital Assets / Crypto (VDA u/s 115BBH)

₹

Tax @ 30% flat. No deductions except cost of acquisition.

Lottery / Puzzle / Online Game Winnings (u/s 115BB / 115BBJ)

₹

Tax @ 30% flat. No deductions allowed. TDS already deducted @ 30%.

④ Chapter VI-A Deductions — Old Regime only

ℹ

These deductions are not available under the New Regime (except 80CCD(2) entered above). Enter total claimed amount per section.

Basic Deductions — 80C (LIC, PPF, ELSS, Home Loan Principal, Tuition Fee)

₹

Interest from Deposits — 80TTA / 80TTB (Savings A/c interest)

₹

Medical Insurance — 80D (Health insurance premium)

₹

Donations to Charity — 80G

₹

Interest on Housing Loan — 80EEA (Affordable housing)

₹

Employee's Contribution to NPS — 80CCD(1B)

₹

Any Other Deduction (80E, 80GG, 80GGC, 80DD, 80DDB etc.)

₹

Taxable Income — New Regime (Tax calculated as per Slab) ₹ 0

Taxable Income — Old Regime (Tax calculated as per Slab) ₹ 0

+ Special Income (taxed at flat rates separately) ₹ 0

Income Tax Summary — FY 2025-26

New Regime vs Old Regime — side-by-side comparison

Disclaimer

This calculator is based on Finance Act 2025 for FY 2025-26 (AY 2026-27). Standard deduction (₹75,000 New / ₹50,000 Old), slabs, surcharge, cess, rebate u/s 87A and marginal relief are applied as per the Act. LTCG exemption of ₹1,25,000 u/s 112A and STCG rate of 20% u/s 111A are effective from 23 July 2024. House property loan interest deduction (Sec 24b) is limited to ₹2,00,000 for self-occupied property in Old Regime and not allowed in New Regime. Rebate u/s 87A is not available to Non-Resident individuals — the calculator correctly excludes the rebate when NRI / Non-Resident is selected. Surcharge on income taxable u/s 111A (STCG), 112 (Other LTCG), 112A (LTCG on listed equity) and Dividend Income is capped at 15% — enhanced surcharge of 25%/37% is not levied on these incomes as per the proviso to Sections 111A, 112 and 112A. This tool does not account for DTAA, special exemptions, foreign income, or retirement benefits.

No Liability of Developer: This calculator is provided purely for general informational and educational purposes. While every effort has been made to ensure accuracy, Jatin Karda & Co. expressly disclaims all liability — direct, indirect, incidental, or consequential — arising from the use of or reliance on the results generated by this tool. Tax laws are subject to frequent amendments, notifications, and judicial interpretations. The user assumes full responsibility for any decisions made based on the output of this calculator. By using this tool, you acknowledge that Jatin Karda & Co. shall not be held responsible for any loss, damage, or adverse tax consequence arising directly or indirectly from its use. Users are strongly advised to verify their tax liability independently on the official Income Tax portal before filing.

Always consult a qualified Chartered Accountant for personalised tax planning, computation and compliance. Contact Jatin Karda & Co. — Chartered Accountants, Nagpur.

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