Dashboard/business/Income Tax Calculator

Income Tax Calculator

Calculate income tax, compare Old vs New regimes, deductions (80C, 80D, HRA), and slab breakdowns.

AY 2026-27 & 2025-26 Slabs • ₹75,000 Standard Deduction Included

Quick CTC:

RecommendationNew Tax Regime is Better

You will save ₹74,651 in income tax under the New Regime with simplified rates and ₹75,000 standard deduction.

Net Annual Tax Savings

₹74,651

1. Tax Profile & Year

Assessment Year (AY)

Age Category

2. Income Details (Annual)

Gross: ₹18,00,000

Gross Salary / CTC (₹)Before Deductions

Basic Salary (₹)For HRA / NPS Calc

Interest Income (Savings / FD) (₹)

Other Incomes (Freelance / Misc) (₹)

3. Deductions & Exemptions

Standard: ₹75,000 (New) / ₹50k (Old)

Section 80C (PPF, EPF, ELSS, LIC)Max ₹1.5 Lakhs

Section 80CCD(1B) (NPS Self)Max ₹50,000

Section 80D (Self & Family Health)Max ₹25k / ₹50k

Section 80D (Parents Health)Max ₹50,000

HRA Exemption Calculator (Section 10(13A))Exemption: ₹1,50,000

HRA Received / Year

Actual Rent Paid / Year

Location Type

Metro (50%)Non-Metro (40%)

Recommended

New Regime (115BAC)

Default & Lower Rates

Taxable Income:₹17,25,000

Std Deduction:-₹75,000

Base Computed Tax:₹1,45,000

Cess (4%):₹5,800

Total Tax:₹1,50,800

Effective Tax Rate:8.38%

Monthly In-Hand

₹1,37,433

Old Regime

With Full Deductions

Taxable Income:₹13,47,600

Total Deductions:-₹4,52,400

Base Computed Tax:₹2,16,780

Cess (4%):₹8,671

Total Tax:₹2,25,451

Effective Tax Rate:12.53%

Monthly In-Hand

₹1,31,212

Salary Distribution (New Regime)91.6% Take-Home

In-Hand: ₹16,49,200Tax: ₹1,50,800

Key Tax Rules to Keep in Mind:

Zero Tax up to ₹7.75 Lakhs: Under New Regime (AY 2026-27, FY 2026-27 & FY 2024-25), individuals earning up to ₹7,75,000 pay zero tax after standard deduction (₹75,000) and Section 87A rebate.
Break-Even Deductions: If your total Old Regime deductions (80C + 80D + HRA + Home Loan) exceed approximately ₹3,75,000 to ₹4,00,000, the Old Regime usually saves more tax.
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