Income Tax Calculator
Compare Old vs New Tax Regime — accurate computation for Resident Individuals, Senior Citizens, Super Senior Citizens, and HUFs. Includes 87A rebate, surcharge, capital gains, and Health & Education Cess.
By B.A. Bedawala & Co., Chartered Accountants, Ahmedabad
📌 Note: Union Budget 2026 retained the New Regime slabs, surcharge, Section 87A rebate, and Health & Education Cess at the same levels as FY 2025-26 (introduced via Budget 2025). The same computation applies to both Financial Years.
1 Basic Details
Tell us about the taxpayer — these settings determine which tax rules apply.
- No Section 87A rebate — Available only to Resident Individuals
- No Standard Deduction — HUF has no salary income
- No HRA exemption — Salary-linked benefit
- Slab rates same as Individual below 60 (no senior citizen preference)
- 80C, 80D, Home Loan interest — Available in Old Regime only
- Higher basic exemption in Old Regime: ₹3 lakh (vs ₹2.5 lakh for Individual)
- 80TTB: Interest deduction up to ₹50,000 (covers FD, savings, post office)
- 87A rebate eligible if income within threshold
- New Regime slabs apply uniformly — no senior preference in New Regime
- Highest basic exemption in Old Regime: ₹5 lakh
- 80TTB: Interest deduction up to ₹50,000
- Cannot file ITR-1 offline — Online ITR-1/ITR-2 only
- 87A rebate available but Old Regime already exempts up to ₹5L through slab
⚡ Quick Start — Try Sample Scenarios
Click any sample below to auto-fill typical values for that income level.
2 Income Details
Enter your annual income from each source. Enter zero or leave blank if not applicable.
📈 Capital Gains (Optional)
3 Deductions & Exemptions (Old Regime Only)
These deductions reduce your taxable income under Old Regime. New Regime allows only Standard Deduction (for salaried) and 80CCD(2). All amounts in ₹.
- Old Regime: ₹50,000
- New Regime FY 2025-26 & FY 2026-27: ₹75,000
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