Income Tax Calculator

Compare old vs new tax regime — select financial year below.

Select financial year

FY 2026–27 slabs. Standard deduction: ₹75,000 (new) / ₹50,000 (old).

Enter your details
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Age group
Deductions (old regime only)
Not applied under the new tax regime.
Section Limit Amount (₹)
HRA & exemptions—
Home loan interest (self)₹2,00,000
Section 80C (PF, PPF, insurance premium)₹1,50,000*
Section 80CCD(1) (Employee NPS)*with 80C
Section 80CCD(1B) (Additional NPS)₹50,000
Section 80D (Medical insurance)—
Section 80E (Education loan interest)—
Section 80EEA (Affordable housing loan)₹1,50,000
Section 80EEB (EV loan interest)₹1,50,000
Section 80G (Donations)—
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Slab Rate Calculation As Per:

Statement of Income and Tax

Income:Rs.
Income from House Property (Enter Income after Standard Deduction Of 30% as per Sec.24(a))
Business Income
Capital gainsSTT @20%Others
  (a) Short term
@12.5%@20%
  (b) Long term
Income from other sources
  (a) Incomes (including interest, Dividend etc.)
  (b) Agriculture Income
  (c) Winning from lotteries 30%
Deduction under chapter VIA:
Deduction u/s 80C, 80CCC, 80CCD
Deduction u/s 80D (Mediclaim)
Deduction u/s 80TTA
Other deduction (Old Regime)
Other deduction (New regime)
Detail of Tax Paid:
Tax Deducted at Source
Advance tax paid
Self assessment tax paid
Total Taxpaid0

Statement of Income and Tax

Income:Rs.
Income from House Property (Enter Income after Standard Deduction Of 30% as per Sec.24(a))
Business Income
Capital gainsSTT @20%Others
  (a) Short term
@12.5%@20%
  (b) Long term
Income from other sources
  (a) Incomes (including interest, Dividend etc.)
  (b) Agriculture Income
  (c) Winning from lotteries 30%
Deductions:
Partner Remuneration
Interest to Partners
Other Allowable Deductions
Detail of Tax Paid:
Tax Deducted at Source
Advance tax paid
Self assessment tax paid
Total Taxpaid0

Statement of Income and Tax

Income:Rs.
Income from House Property (Enter Income after Standard Deduction Of 30% as per Sec.24(a))
Business Income
Capital gainsSTT @20%Others
  (a) Short term
@12.5%@20%
  (b) Long term
Income from other sources
  (a) Incomes (including interest, Dividend etc.)
  (b) Agriculture Income
  (c) Winning from lotteries 30%
Adjustments:
Depreciation
Brought Forward Losses
MAT Credit
Detail of Tax Paid:
Tax Deducted at Source
Advance tax paid
Self assessment tax paid
Total Taxpaid0
Tax summary

You will save under the

₹0

Old Tax Regime

₹0

New Tax Regime

₹0

Component Old regime New regime
Gross income₹0₹0
Deductions₹0₹0
Taxable income₹0₹0
Tax on income₹0₹0
Rebate u/s 87A₹0₹0
Marginal relief₹0₹0
Surcharge₹0₹0
Cess (4%)₹0₹0
Total tax payable₹0₹0
Old regime — slab breakup
SlabRateTaxTotal
New regime — slab breakup
SlabRateTaxTotal
Tax summary

Firm / LLP — Tax Computation

Gross Total Income₹0
Less: Deductions / Adjustments₹0
Taxable Income₹0
Income Tax @30%₹0
Surcharge₹0
Health & Education Cess (4%)₹0
Total Tax Liability₹0
Less: Tax Already Paid (TDS + Advance + Self Assessment)₹0
Net Tax Payable / (Refund)₹0

Disclaimer

eCount has taken great care and has made every attempt to ensure that the information obtained from this tool is accurate. However, eCount is not responsible for any errors or omissions and provides no guarantee or warranty on the correctness of the results obtained from the tool. By using this tool you agree not to hold eCount liable for any issues that arise from incorrect results obtained.

Frequently Asked Questions

The Income Tax Calculator is a free tool developed by eCount to calculate taxes on your income using the most up-to-date tax brackets including the current ones and latest ones announced as part of the Union Budget 2026-2027.

We built the income tax calculator to simplify tax planning and make it more transparent. It helps you quickly estimate your tax liability for FY 2026–27, understand how deductions impact your taxes, and choose between the old and new tax regimes with confidence without complex manual calculations.

Fill in the respective fields like age, income details and exemption details. Click "Calculate income tax" to find a comparative result on your tax liabilities between the current tax system and the new one.

Here is a chart for the old tax regime in India.

Individuals less than 60 Years of Age

Income SlabsIncome Tax Rates
Up to Rs. 2.5 lakhNIL
Rs. 2.5 lakh - Rs. 5 lakh5%
Rs. 5 lakh - Rs. 10 lakh20%
Above Rs. 10 lakh30%

Resident Individuals Aged 60-80 Years

Income SlabsIncome Tax Rates
Up to Rs. 3 lakhNIL
Rs. 3 lakh - Rs. 5 lakh5%
Rs. 5 lakh - Rs. 10 lakh20%
Above Rs. 10 lakh30%

Resident Individuals Aged more than 80 Years

Income SlabsIncome Tax Rates
Up to Rs. 5 lakhNIL
Rs. 5 lakh - Rs. 10 lakh20%
Above Rs. 10 lakh30%

The choice between the old and new tax regimes depends on your income structure and eligible deductions. Individuals with taxable income up to ₹5 lakh can claim a rebate under Section 87A, resulting in zero tax liability under the old tax regime.

Here is a chart for the new tax regime for FY 2026-27 as per the recent Union Budget announcement:

Annual Taxable IncomeTax Rate
Up to ₹4,00,0000%
₹4,00,001 – ₹8,00,0005%
₹8,00,001 – ₹12,00,00010%
₹12,00,001 – ₹16,00,00015%
₹16,00,001 – ₹20,00,00020%
₹20,00,001 – ₹24,00,00025%
Above ₹24,00,00030%

Understanding which tax regime is beneficial for you depends on your income composition and other financial factors.

People with net taxable incomes of less than or equal to Rs. 12 lakhs qualify for a tax rebate under Section 87A, meaning they have no tax obligations under the new tax regime.

The standard deduction remains at Rs. 75,000 for taxpayers who opt for the new tax regime, while it remains at Rs. 50,000 for those under the old tax regime.