Tell us about yourself
Start with your financial year, age and residential status. These details determine the applicable slab structure and rebate eligibility.
Enter your income
Enter annual amounts. Use zero where a particular head of income does not apply. Capital gains are taxed at special rates and kept separate from slab-rate income.
Enter eligible deductions
These fields are primarily relevant under the Old Tax Regime. Enter only amounts you are actually eligible to claim. Most Chapter VI-A deductions are not available under the New Regime.
Your Old vs New Tax Regime Result
Old Tax Regime
New Tax Regime
How did this happen?
What is an Income Tax Calculator?
An Income Tax Calculator is an online tool that estimates your income-tax liability for a financial year by applying the applicable tax slabs, standard deduction, Section 87A rebate, surcharge and Health & Education Cess to the income and deductions you enter. TaxCaller also compares the Old and New Tax Regimes side-by-side.
TaxCaller’s Income Tax Calculator for FY 2026-27 (Assessment Year 2027-28) is designed for salaried employees, professionals, business owners, senior citizens and anyone who wants a clear, regime-wise estimate before filing their Income Tax Return. It does not replace a full return computation or professional advice, but it gives a transparent breakdown so you understand every major component of the tax figure.
How to Use the TaxCaller Income Tax Calculator
Select FY 2026-27 and your age group → enter gross salary / professional income and other income heads → add eligible Old Regime deductions → click Calculate. You immediately see Old Regime tax, New Regime tax, which is better, how much you save, and a plain-English explanation of why.
- Choose Financial Year 2026-27 (AY 2027-28) and your age group (below 60 / 60–79 / 80+).
- Select residential status (Resident / Non-Resident) and income type.
- Enter annual gross salary or professional/business income, interest income, rental income and home-loan interest.
- Add short-term capital gains (u/s 111A) and long-term capital gains (u/s 112A) if any.
- Enter TDS / advance tax already paid for a balance payable or refund estimate.
- Fill eligible deductions under Sections 80C, 80D, 80CCD(1B), 80E, 80G and 80TTA/80TTB.
- Click “Calculate My Tax” to see the full comparison and explanation.
- Download the branded TaxCaller PDF report for your records.
Income Tax Slabs FY 2026-27 (AY 2027-28)
Under the New Tax Regime (default), taxable income up to ₹4 lakh is nil, then 5% (₹4–8L), 10% (₹8–12L), 15% (₹12–16L), 20% (₹16–20L), 25% (₹20–24L) and 30% above ₹24 lakh. The Old Regime retains the classic 5% / 20% / 30% structure with higher basic exemption limits for senior and super-senior citizens.
New Tax Regime FY 2026-27
The New Tax Regime under Section 115BAC is the default regime. For FY 2026-27 the slabs are:
| Taxable Income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Most Chapter VI-A deductions (80C, 80D, HRA exemption under Section 10(13A), etc.) are not available. Standard deduction of ₹75,000 is available for salaried employees and pensioners. Section 87A rebate of up to ₹60,000 can make tax nil when taxable income does not exceed ₹12 lakh (resident individuals only).
Old Tax Regime FY 2026-27
Under the Old Regime, the basic exemption and slab structure depend on the taxpayer's age. The following table makes the structure easier to compare before you enter your figures into the calculator.
| Age Group | Basic Exemption | Tax Slabs | Who May Prefer It? |
|---|---|---|---|
| Below 60 years | ₹2.5 lakh | Nil up to ₹2.5L; 5% on ₹2.5–5L; 20% on ₹5–10L; 30% above ₹10L | Taxpayers with substantial eligible deductions and exemptions |
| 60 to below 80 years | ₹3 lakh | Nil up to ₹3L; 5% on ₹3–5L; 20% on ₹5–10L; 30% above ₹10L | Senior citizens who can use eligible deductions |
| 80 years or above | ₹5 lakh | Nil up to ₹5L; 20% on ₹5–10L; 30% above ₹10L | Super-senior citizens with eligible Old Regime benefits |
The Old Regime can remain attractive where eligible deductions and exemptions are substantial, including Section 80C investments, medical insurance, home-loan interest, HRA and education-loan interest, subject to the applicable conditions and limits.
Old vs New Tax Regime – Which is Better?
There is no universal answer. The New Regime is usually better when deductions are low or moderate. The Old Regime can save more when eligible deductions (80C, 80D, home-loan interest, HRA, etc.) are high. TaxCaller shows both numbers and the exact rupee difference for your inputs.
Key practical differences for FY 2026-27:
| Comparison Point | Old Tax Regime | New Tax Regime | Practical Impact |
|---|---|---|---|
| Slab structure | Classic 5% / 20% / 30% structure, with age-based basic exemption | New slabs from Nil up to ₹4L, then 5%, 10%, 15%, 20%, 25% and 30% | New Regime can produce lower tax when deductions are limited |
| Section 87A | Rebate up to ₹12,500 where applicable, subject to the Old Regime conditions | Rebate up to ₹60,000 for eligible resident individuals with taxable income up to ₹12L | Rebate can materially reduce tax at lower income levels |
| Standard deduction | ₹50,000 for eligible salary/pension income | ₹75,000 for eligible salary/pension income | New Regime provides the higher standard deduction |
| Section 80C | Generally available up to ₹1.5 lakh, subject to conditions | Generally not available | Important for taxpayers using investments to reduce taxable income |
| 80D / 80E / 80G / 80TTA/80TTB | Generally available subject to individual eligibility and limits | Most are not available | High eligible deductions can make Old Regime more competitive |
| HRA exemption | Available subject to Section 10(13A) conditions | Generally not available | Relevant for eligible salaried taxpayers receiving HRA |
| Best suited for | Taxpayers with substantial eligible deductions/exemptions | Taxpayers with fewer deductions who prefer simpler slab-based taxation | The calculator should be used with actual income and deduction figures |
Always run both calculations with your actual numbers rather than relying on a general rule of thumb. The most useful comparison is not simply the headline slab rate; it is the final tax after standard deduction, eligible deductions, rebate, special-rate income, surcharge and cess.
| Feature | Old Tax Regime | New Tax Regime |
|---|---|---|
| Basic exemption | Age-based: ₹2.5L / ₹3L / ₹5L | Generally ₹4L |
| Standard deduction for salary/pension | ₹50,000 | ₹75,000 |
| Section 87A rebate | Up to ₹12,500 up to ₹5L taxable income | Up to ₹60,000 up to ₹12L taxable income for eligible residents |
| 80C / 80D / 80E etc. | Generally available subject to conditions | Most are not available |
| HRA exemption | Available subject to conditions | Generally not available |
| Best suited for | Taxpayers with substantial eligible deductions/exemptions | Taxpayers with fewer deductions and preference for simpler lower slabs |
Section 87A Rebate
Section 87A gives a rebate to eligible resident individuals. Under the New Tax Regime the maximum rebate is ₹60,000 when taxable income does not exceed ₹12 lakh, effectively making normal income tax-free up to that limit. Under the Old Regime the maximum is ₹12,500 for taxable income up to ₹5 lakh. The rebate does not apply to special-rate income such as certain capital gains.
Important conditions:
- Only resident individuals can claim it (not NRIs, HUFs or companies).
- Rebate is applied after computing tax on normal income but before adding cess and surcharge in the usual computation flow.
- Special-rate incomes (STCG u/s 111A, LTCG u/s 112A, etc.) are taxed separately and the rebate generally does not wipe out tax on those heads.
- Marginal relief may apply just above the ₹12 lakh threshold under the New Regime.
Standard Deduction
For FY 2026-27 the standard deduction is ₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime for salaried employees and pensioners. No bills or proofs are required. Combined with the Section 87A rebate, a salaried person under the New Regime can effectively have zero tax on gross salary up to about ₹12.75 lakh (subject to other income and conditions).
Standard deduction is claimed under Section 16(ia). It is available only against salary or pension income. Business or professional income does not get this automatic deduction.
Income Tax on Salary for FY 2026-27
Salary tax depends on your gross salary, standard deduction, other income, eligible deductions, tax regime, rebate eligibility, special-rate income, surcharge and cess. A salary figure alone is not enough to determine the final tax payable.
Salary tax starts from gross salary, but taxable income is usually lower after standard deduction and any other allowable claims. Employer TDS (shown in Form 16) is only an advance payment; final liability depends on the regime you choose and all other income and deductions.
TaxCaller lets you test different salary levels quickly and see the regime comparison for each scenario. Once you are ready to file, you can proceed with Income Tax Filing through TaxCaller.
Income Tax on Common Salary Levels (Illustrative – New Regime, Resident, No Other Income)
The figures below assume only salary income, New Regime, resident individual below 60, standard deduction ₹75,000, and full Section 87A where applicable. They are approximate and ignore surcharge (relevant only at very high incomes) and any other income or deductions. Always run the calculator with your exact numbers.
| Gross Salary | Approx. Taxable Income | Estimated Tax (incl. 4% cess) |
|---|---|---|
| ₹5 lakh | ₹4.25 lakh | ₹0 (87A) |
| ₹7 lakh | ₹6.25 lakh | ₹0 (87A) |
| ₹10 lakh | ₹9.25 lakh | ₹0 (87A) |
| ₹12 lakh | ₹11.25 lakh | ₹0 (87A) |
| ₹12.75 lakh | ₹12 lakh | ₹0 (87A) |
| ₹15 lakh | ₹14.25 lakh | ≈ ₹97,500 |
| ₹20 lakh | ₹19.25 lakh | ≈ ₹1,92,400 |
| ₹25 lakh | ₹24.25 lakh | ≈ ₹3,18,500 |
| ₹30 lakh | ₹29.25 lakh | ≈ ₹4,75,800 |
| ₹50 lakh | ₹49.25 lakh | Higher (plus possible surcharge) |
These are simplified illustrations. Capital gains, rental income, interest income or large deductions under the Old Regime can change the picture significantly.
Important Deductions & Exemptions
Section 80C
Allows deduction up to ₹1.5 lakh for eligible investments and payments (PPF, ELSS, life insurance premium, principal repayment of home loan, tuition fees, etc.) under the Old Regime. Not available under the New Regime.
Section 80D
Medical insurance premium and certain preventive health check-up / medical expenditure for self, family and parents. Limits depend on age of the insured persons. Available mainly under the Old Regime.
NPS / Section 80CCD
Employee’s contribution under 80CCD(1) forms part of the overall 80C limit. Additional deduction of up to ₹50,000 under 80CCD(1B) is available under the Old Regime. Employer contribution has separate treatment and can be available under both regimes subject to conditions.
HRA (House Rent Allowance)
Exemption under Section 10(13A) is available only under the Old Regime and depends on salary, actual rent paid and city of residence. The New Regime does not allow HRA exemption.
Home Loan Interest
Interest on self-occupied property is deductible up to ₹2 lakh under Section 24 under the Old Regime. For let-out property the interest is fully deductible (subject to overall set-off rules). Under the New Regime, interest on self-occupied property is generally not deductible, while let-out property interest may still be allowed subject to conditions.
Section 80E, 80G, 80TTA / 80TTB
- 80E – interest on education loan (no upper limit, Old Regime).
- 80G – donations to eligible funds/institutions (conditions and percentage limits apply).
- 80TTA – savings-account interest up to ₹10,000 (non-senior citizens, Old Regime).
- 80TTB – interest income up to ₹50,000 for senior citizens (Old Regime).
Capital Gains Tax
Capital gains are generally taxed at special rates and are not mixed into the normal slab calculation. Short-term capital gains on equity (u/s 111A) are taxed at 20%. Long-term capital gains on equity (u/s 112A) above the ₹1.25 lakh exemption are taxed at 12.5%. Section 87A rebate does not usually neutralise tax on these special-rate gains.
TaxCaller keeps STCG and LTCG separate so the estimate remains realistic. Other capital gains (property, debt funds, etc.) may have different rates and indexation rules; complex cases should be reviewed by a tax consultant.
Rental Income & Interest Income
Rental income is taxed under the head “Income from House Property” after standard 30% deduction for repairs (and interest on borrowed capital). Interest income from savings accounts, fixed deposits, bonds etc. is taxed under “Income from Other Sources”. Under the Old Regime, 80TTA or 80TTB can reduce the taxable interest. Under the New Regime those deductions are not available.
Surcharge and Health & Education Cess
Surcharge can apply when total income crosses prescribed high-income thresholds. Health & Education Cess is 4% of income tax plus applicable surcharge. These amounts can materially change the final liability at higher income levels, so they should not be ignored in a manual estimate.
| Income level | New Regime surcharge | Old Regime surcharge |
|---|---|---|
| Up to ₹50 lakh | Nil | Nil |
| ₹50 lakh to ₹1 crore | 10% | 10% |
| ₹1 crore to ₹2 crore | 15% | 15% |
| ₹2 crore to ₹5 crore | 25% | 25% |
| Above ₹5 crore | 25% | 37% |
Special-rate income such as income chargeable under Sections 111A, 112 and 112A has separate surcharge treatment. Marginal relief can also apply around surcharge thresholds subject to the applicable provisions. TaxCaller displays surcharge and 4% cess separately in the calculation so you can see how the final amount is built.
TDS, Form 16, Form 26AS and AIS/TIS
TDS is tax deducted at source and becomes a tax credit against your final liability. Form 16 is the employer's salary/TDS certificate, Form 26AS is primarily a tax-credit statement, and AIS/TIS provides broader information reported against your PAN. Reconcile all four with your salary slips, bank records, investments and other income before filing the ITR.
This reconciliation step is important because the tax department may already have information that is not present in your personal calculation. A mismatch can arise from a missing TDS entry, an incorrect PAN, a duplicate transaction, a reported interest amount, securities information or another source of information.
| Document / Item | What it means | What to check before ITR |
|---|---|---|
| TDS | Tax deducted by an employer, bank, tenant or other deductor at source. | Deductor name, TAN, amount deducted and credit reflected in your records. |
| Form 16 | Salary and TDS certificate issued by an employer for salary income. | Gross salary, exemptions, deductions, taxable salary and TDS should match your records. |
| Form 26AS | Tax-credit statement containing TDS/TCS and other tax-payment information available through the tax portal. | Check TDS/TCS credits and whether tax payments are correctly reflected. |
| AIS | Annual Information Statement containing broader reported information associated with your PAN. | Review interest, securities, property or other reported transactions and respond to mismatches where required. |
| TIS | Taxpayer Information Summary derived from information available in AIS. | Use it as a summary reference and reconcile with your detailed records and AIS. |
How to check TDS before filing ITR
- Collect your Form 16, Form 16A and other TDS certificates, wherever applicable.
- Log in to the Income Tax e-filing portal and review Form 26AS and AIS.
- Compare salary, interest, TDS/TCS, securities and other reported information with your own documents.
- If a TDS credit is missing, first identify the deductor and check whether the deductor needs to correct its TDS statement.
- Enter eligible TDS and advance tax in your final computation so the balance payable/refund is calculated correctly.
Form 16: what should you verify?
For salaried taxpayers, Form 16 should be read alongside salary slips and the annual tax computation. Verify employer details, salary components, exemptions, standard deduction, eligible deductions, tax deducted and the final taxable salary. If you changed employers during the year, collect Form 16 from each relevant employer and avoid reporting the same salary twice.
Form 26AS: why it matters
Form 26AS is useful for checking tax credits such as TDS, TCS and other tax-payment information. It should not be treated as a complete replacement for your own books and supporting documents. Use it as a reconciliation statement before filing.
AIS and TIS: why you should review them
AIS can contain a wider range of reported information than the basic tax-credit view. Review the entries carefully, especially where you have bank interest, securities transactions, property transactions, dividends or other reportable financial activity. If the information appears incorrect, follow the available feedback/correction process and retain supporting documents.
ITR Filing, Advance Tax and Professional Help
The calculator does not file your return. You still need to file the appropriate ITR form on the Income Tax e-filing portal. Advance tax is payable if tax liability after TDS exceeds ₹10,000 in a financial year.
Once you have finalised your regime and figures, you can complete your Income Tax Filing with TaxCaller support. Professional help is especially useful when you have:
- Substantial capital gains or foreign income
- Multiple house properties or business income
- Carried-forward losses
- Income Tax notices or scrutiny
- Complex TDS mismatches
For complex cases, consider taking help from a qualified Tax Consultant or our CA Firm services.
Talk to a TaxCaller Tax Expert
How to Reduce Income Tax Legally
- Compare Old vs New Regime every year with actual numbers.
- Maximise eligible 80C, 80D and NPS contributions if you stay in the Old Regime.
- Claim HRA or home-loan interest correctly.
- Use the higher standard deduction and 87A rebate available under the New Regime when deductions are low.
- Plan capital gains timing and utilise the ₹1.25 lakh LTCG exemption.
- Keep proper proofs and reconcile Form 26AS / AIS before filing.
Common Income Tax Mistakes
- Assuming ₹12 lakh is always tax-free regardless of capital gains or other income.
- Forgetting that New Regime disallows most deductions.
- Ignoring surcharge and 4% cess in mental calculations.
- Not revising the regime choice when life events (home loan, marriage, medical insurance) change the picture.
- Filing without checking AIS / Form 26AS.
- Treating the calculator result as the final ITR figure without professional review in complex cases.
Frequently Asked Questions – Income Tax Calculator FY 2026-27
What is an income tax calculator?
It is an online tool that estimates your income-tax liability using the applicable slabs, deductions, rebate, surcharge and cess for a given financial year. TaxCaller also compares the Old and New Tax Regimes.
How is income tax calculated for FY 2026-27?
Gross income is reduced by standard deduction and eligible deductions to arrive at taxable income. Slab rates are applied, Section 87A rebate is given if eligible, then surcharge (if any) and 4% Health & Education Cess are added. Special-rate capital gains are taxed separately.
What are the income tax slabs for FY 2026-27 under the New Regime?
Nil up to ₹4 lakh, 5% (₹4–8L), 10% (₹8–12L), 15% (₹12–16L), 20% (₹16–20L), 25% (₹20–24L) and 30% above ₹24 lakh.
Which is better – Old or New Tax Regime?
It depends on your deductions and income mix. Run both calculations with TaxCaller to see the exact difference for your numbers.
Is ₹12 lakh income tax-free under the New Regime?
Eligible resident individuals with taxable income up to ₹12 lakh can get a Section 87A rebate of up to ₹60,000, making tax on normal income nil. Special-rate income (certain capital gains etc.) is still taxable. With standard deduction, salaried gross salary around ₹12.75 lakh can also result in zero tax, subject to conditions.
What is Section 87A rebate?
A rebate for resident individuals. New Regime: up to ₹60,000 if taxable income ≤ ₹12 lakh. Old Regime: up to ₹12,500 if taxable income ≤ ₹5 lakh. It does not apply to NRIs or to most special-rate incomes.
What is the standard deduction for FY 2026-27?
₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime for salaried employees and pensioners.
What is tax on ₹10 lakh salary?
Under the New Regime with only salary income and standard deduction, taxable income is about ₹9.25 lakh, so tax is nil after Section 87A rebate (resident individual).
What is tax on ₹12 lakh salary?
Under the New Regime, after ₹75,000 standard deduction taxable income is ₹11.25 lakh – still within the 87A limit, so estimated tax is nil for a resident individual with no other income.
What is tax on ₹15 lakh salary?
Approximately ₹97,500 (including 4% cess) under the New Regime after standard deduction, assuming no other income or deductions. Exact figure depends on full facts.
What is tax on ₹20 lakh / ₹25 lakh / ₹30 lakh salary?
Rough New Regime estimates (salary only, after standard deduction) are around ₹1.92 lakh, ₹3.19 lakh and ₹4.76 lakh respectively (including cess). Use the calculator for precise numbers.
Does the calculator include 4% Health & Education Cess?
Yes. The final tax figures include the 4% cess on (tax + surcharge).
Does the calculator include surcharge?
Yes. Surcharge is applied when total income crosses the prescribed thresholds (starting at ₹50 lakh).
How are capital gains taxed?
Equity STCG u/s 111A is taxed at 20%. Equity LTCG u/s 112A above ₹1.25 lakh is taxed at 12.5%. These are kept separate from slab-rate income in the TaxCaller calculation.
Can senior citizens use this calculator?
Yes. Select the appropriate age group (60–79 or 80+). The Old Regime basic exemption is higher for seniors; the New Regime slabs are the same for all ages.
Can business or professional income be calculated?
Yes. Enter the income under the salary/professional field. For complex presumptive taxation, depreciation or loss set-off, a detailed computation or professional review is recommended.
Can I download the TaxCaller tax report?
Yes. After calculation, click “Download PDF” to generate a clean A4 TaxCaller Income Tax Calculation Report.
Does this calculator file my ITR?
No. It is an estimation and comparison tool only. You must file the return on the official Income Tax e-filing portal or through a qualified professional. You can also use TaxCaller’s Income Tax Filing service for assistance.
How can I reduce income tax legally?
Compare both regimes every year, claim all eligible deductions under the regime you choose, utilise standard deduction and 87A correctly, plan capital gains, and keep documentation ready. Avoid any scheme that is not backed by the Income Tax Act.
What is the difference between TDS and income tax?
TDS is tax deducted in advance by the payer (employer, bank etc.). Final income tax is calculated on your total income after deductions and rebate. Any excess TDS can be claimed as refund; any shortfall is payable.
When should I take help from a tax consultant or CA firm?
When you have capital gains, multiple properties, business income, foreign income, notices, or any complex situation. You can reach TaxCaller’s Tax Consultant team or CA Firm services for professional support.
What is the difference between TDS, Form 16, Form 26AS and AIS?
TDS is tax deducted at source by an employer, bank or another deductor. Form 16 is the salary and TDS certificate generally issued by an employer. Form 26AS is a tax-credit statement, while AIS provides broader information reported against your PAN. Before filing an ITR, compare these records with your books, salary slips, bank records and other income documents.
Does TDS reduce my final income tax payable?
Yes. TDS and eligible advance-tax payments are tax credits. Your final liability is determined after the complete tax computation. If the tax already paid is lower than the final liability, the balance may be payable. If it is higher, a refund may arise, subject to the final return and processing.
Why should I check Form 26AS and AIS before filing ITR?
Checking both records helps identify missing TDS, TCS, interest, securities transactions and other reported information. A mismatch should be investigated before the return is filed because the Income Tax Department may already have information that is not reflected in your initial calculation.
Can I use this calculator for salary, business, rental and interest income together?
Yes, the calculator accepts multiple income inputs for an indicative comparison. However, business or professional income can involve depreciation, presumptive taxation, brought-forward losses, set-off rules and other provisions that may require a detailed computation.
What happens if I have capital gains along with salary?
Capital gains may be taxed under special provisions rather than the normal slab rates. The calculator keeps the entered STCG and LTCG separate from normal slab-rate income, but property, unlisted shares, debt assets and other transactions may require asset-specific rules and a detailed computation.
Is the TaxCaller result the final tax payable?
No. It is a planning estimate. Final tax can depend on complete income records, exemptions, deductions, special-rate income, surcharge, marginal relief, losses, tax credits and the provisions applicable to the relevant assessment year.
How can I choose between the Old and New Tax Regime?
Enter your actual income and eligible deductions and compare the two results. The New Regime can be attractive when deductions are limited, while the Old Regime may become more useful where eligible deductions and exemptions are substantial. The correct choice depends on your facts.
Can senior citizens use this Income Tax Calculator?
Yes. Select the appropriate age group. Age affects the Old Regime basic exemption threshold, while the New Regime uses its applicable slab structure without the same age-based basic exemption distinction.
Does the calculator include Health & Education Cess?
Yes. The displayed estimate separately shows Health & Education Cess so you can understand how the final amount is built up.
Can I download a TaxCaller PDF after calculation?
Yes. Click “Download Detailed Report” after the calculation. The page first attempts to generate an A4 PDF and, if the browser blocks the PDF library, opens a clean print-ready report that can be saved as PDF from the browser.
What is the income tax on ₹15 lakh salary in FY 2026-27?
For a resident individual with only salary income, the New Regime gives a standard deduction of ₹75,000, taking ₹15 lakh gross salary to about ₹14.25 lakh taxable salary before other adjustments. On the assumptions used by this calculator, the estimated New Regime tax including 4% cess is about ₹97,500. Your actual liability can differ if you have other income, capital gains, deductions, surcharge or other adjustments.
What is the income tax on ₹20 lakh salary in FY 2026-27?
For a salary-only example under the New Regime, ₹20 lakh gross salary less the ₹75,000 standard deduction gives about ₹19.25 lakh taxable salary. The estimated tax including 4% cess is approximately ₹1.92 lakh before considering any other income or special circumstances. Use the calculator with your complete figures rather than relying on a salary-only illustration.
What documents do I need before calculating income tax?
Keep your Form 16, salary slips, Form 16A where applicable, Form 26AS, AIS/TIS, bank interest details, capital-gains statements, rent and home-loan records, deduction proofs and details of TDS/advance tax paid. Having these documents ready makes the regime comparison more reliable and reduces the risk of missing income or tax credits.
Why is my Form 16 amount different from AIS or Form 26AS?
Form 16, Form 26AS and AIS serve different purposes and may contain information from different reporting sources. A difference can result from timing, a corrected TDS statement, another deductor, interest income, securities information or an incorrect report. Reconcile the records before filing and investigate material mismatches rather than simply choosing one figure.
Tax rates, rebate limits and deduction rules for FY 2026-27 / AY 2027-28 are based on the applicable Income Tax law and official Income Tax Department guidance available at the time of publication. This calculator provides an estimate for planning purposes only and is not a substitute for a complete return computation or professional tax advice. Always verify the final figures before filing your Income Tax Return. TaxCaller does not file returns automatically through this tool.
