Quick Summary: Income Tax Calculator

The Income Tax Calculator for FY 2026-27 compares the Old and New tax regimes based on the latest Union Budget. Under the New Regime, salaried individuals get a standard deduction of ₹75k and a full tax rebate for income up to ₹12.75L (effectively tax-free). The Old Regime continues to support deductions like HRA and Section 80C.

Calculation Logic: Tax = Slab Rate * (Income - Deductions) + 4% Cess

How to use the Income Tax Calculator

  1. Enter Salary Income

    Input your annual gross salary including bonuses and taxable allowances.

  2. Select Deductions

    Provide your investments in 80C (PPF, ELSS), 80D (Health Insurance), and HRA.

  3. Compare Regimes

    Review the side-by-side tax breakdown for both Old and New Tax Regimes.

  4. View Net Pay

    Check your estimated take-home salary after all taxes and cess.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.