Income Tax Calculator
Free income tax calculator for FY 2025-26 (AY 2026-27). Compare tax under the old and new regime instantly and see which saves you more. Consulting Cart, Mumbai.
About the Income Tax Calculator
Confused between the old and new tax regime? Our income tax calculator for FY 2025-26 (AY 2026-27) computes your tax under both regimes instantly and tells you which one saves you more.
It reflects the latest slabs, the ₹75,000 standard deduction and the Section 87A rebate (zero tax up to ₹12 lakh in the new regime). Consulting Cart's experts then confirm the optimal choice while filing your ITR.
How to use this calculator
- Enter your gross annual income and deductions (for the old regime).
- Select your age group and the regime to view.
- Compare your tax under both regimes and see your savings.
Formula used
Old regime: 0–2.5L nil, 2.5–5L 5%, 5–10L 20%, >10L 30% (+4% cess); with 80C/80D/HRA deductions.
Income Tax Calculator — FAQs
It depends on your deductions. With few deductions, the new regime (zero tax up to ₹12 lakh) usually wins. With large 80C/80D/HRA/home-loan deductions, the old regime can be better. The calculator compares both for you.
Under the new regime for FY 2025-26, a Section 87A rebate makes tax effectively zero for taxable income up to ₹12 lakh (₹12.75 lakh for salaried, after standard deduction).
₹75,000 under the new regime and ₹50,000 under the old regime for salaried individuals and pensioners.
Yes, it adds the 4% Health & Education cess. For very high incomes, surcharge may also apply — we account for that while filing.
From numbers to a real plan.
You've seen the math. Now let a Consulting Cart expert in Mumbai help you act on it — free consultation.