Income Tax Calculator (India)
New-regime income tax for Tax Year 2026-27, cess included.
Inputs
This calculator assumes India's new tax regime. Old-regime-only deductions and exemptions — 80C, 80D, HRA exemption, home loan interest, and similar — don't apply here and won't reduce the number shown.
- Take-home₹12,00,000(100%)
- Tax₹0(0%)
- Gross annual income
- ₹12,00,000
- Taxable income (after ₹75,000 standard deduction)
- ₹11,25,000
- Tax on the slabs
- ₹52,500
- After the rebate and marginal relief
- ₹0
- Health and education cess (4%)
- ₹0
- Effective tax rate
- 0.00%
- Take-home after income tax
- ₹12,00,000
- Tax Year 2026-27, new regime: ₹75,000 standard deduction, slab rates, the rebate (nil tax up to ₹12 lakh of taxable income) with marginal relief, surcharge above ₹50 lakh with marginal relief, then 4% health and education cess. Other deductions are not included.
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What each Income Tax input means
- Gross annual income
- Your total income for the tax year before any deductions: salary as the gross figure on your Form 16 or payslips, not the amount that reaches your bank, plus income such as interest. The ₹75,000 standard deduction is taken off automatically, so don't subtract it yourself. Capital gains taxed at special rates belong outside this figure.
Income Tax formula
Tax = slab tax on (income − ₹75,000), less the rebate up to ₹12 lakh (with marginal relief), plus surcharge above ₹50 lakh (with marginal relief), plus 4% cess on tax and surcharge
Gross income first loses the ₹75,000 standard deduction. What is left is taxed in slices: nothing on the first ₹4 lakh, then 5%, 10%, 15%, 20% and 25% on each ₹4 lakh slice up to ₹24 lakh, and 30% above that. A rebate then cancels the tax entirely when taxable income is ₹12 lakh or less, and marginal relief stops the tax just above ₹12 lakh from exceeding the income above it. Above ₹50 lakh of income a surcharge is added, 10% of the tax, rising to 15% above ₹1 crore and 25% above ₹2 crore, the most the new regime charges, again with marginal relief at each step so that crossing a threshold never costs more than the income that crossed it. Finally a 4% health and education cess is charged on tax plus surcharge. From Tax Year 2026-27 these rules sit in the Income-tax Act, 2025, which replaced the 1961 Act on 1 April 2026 with simpler wording and no change in rates.
Income Tax worked example
A ₹12,00,000 gross income has the ₹75,000 standard deduction taken off, leaving ₹11,25,000 taxable. That is under the ₹12 lakh rebate limit, so the tax is ₹0, and with no tax there is no cess either. The same holds right up to ₹12,75,000 of salary, the point where taxable income reaches exactly ₹12 lakh.
More Income Tax examples
On ₹18,00,000, taxable income is ₹17,25,000. The first ₹16 lakh of slabs cost ₹20,000 + ₹40,000 + ₹60,000, and 20% of the next ₹1,25,000 adds ₹25,000: ₹1,45,000 in all, with no rebate above ₹12 lakh. Cess of 4% adds ₹5,800, so the tax payable is ₹1,50,800, an effective 8.38% of gross income.
On ₹60,75,000, taxable income is ₹60,00,000 and the slab tax is ₹13,80,000. Being over ₹50 lakh, it attracts a 10% surcharge of ₹1,38,000; this far above the threshold marginal relief doesn't apply. Cess of 4% on ₹15,18,000 is ₹60,720, making ₹15,78,720 payable.
Where the Income Tax calculator can give the wrong answer
- Gross salary up to ₹12,75,000 owes nothing: the standard deduction brings taxable income to ₹12 lakh or less, inside the rebate. Just above it, marginal relief limits the tax to the income over ₹12 lakh: ₹12,10,000 taxable owes ₹10,000 plus ₹400 cess, not the ₹61,500 the slabs alone would give.
- This is the new regime only. The old regime, with deductions such as 80C, 80D, HRA and home-loan interest, remains available and can cost less for people with large deductions; this page doesn't compare the two.
- Only the standard deduction is applied. Employer contributions to your NPS account, which the new regime does allow, are handled on the TDS page.
- Capital gains taxed at special rates, and income such as lottery winnings, follow their own rates and aren't included.
- The rebate is for resident individuals. A non-resident pays the slab tax on taxable income above ₹4 lakh even when the total is under ₹12 lakh.
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Income Tax reference table
| Taxable income | Rate | Tax on the full slice |
|---|---|---|
| Up to ₹4,00,000 | Nil | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹1,00,000 |
| Above ₹24,00,000 | 30% | 30% of the excess |
Income Tax FAQ
- The new regime, the default since Tax Year 2023-24, with its slabs, the automatic ₹75,000 standard deduction, the rebate and marginal relief. If you claim large deductions under the old regime, such as 80C, 80D, HRA and home-loan interest, that regime may still cost less; this calculator doesn't show the comparison.
- ₹12,75,000 of salary for a resident under the new regime: the ₹75,000 standard deduction brings taxable income down to ₹12 lakh, where the rebate cancels the tax. For income other than salary, which gets no standard deduction, the limit is ₹12,00,000.
- Yes. The figure shown is the tax payable: slab tax after the rebate, any surcharge, and 4% health and education cess on the two together. When the rebate brings the tax to nothing, there is no cess either.
- Not the amount. The new Act replaced the 1961 Act on 1 April 2026 with simpler wording and a single 'tax year' in place of 'previous year' and 'assessment year', but it did not change tax rates, and Budget 2026 left the slabs and rebate as they were.
- When total income exceeds ₹50 lakh: 10% of the tax, then 15% above ₹1 crore and 25% above ₹2 crore, the new regime's maximum. Marginal relief at each threshold means earning ₹10,000 more than ₹50 lakh can't raise your tax and surcharge by more than ₹10,000.
- It is the year's liability on your gross income. Your employer's monthly TDS is the same calculation spread over the year, adjusted for what you declare to them, and any difference is settled when you file your return.