Income Tax Calculator 2026-27: Conquer the Indian Tax Maze
The Indian Income Tax system can be notoriously complex, especially with the parallel existence of the Old Tax Regime and the New Tax Regime. Our free online Income Tax Calculator is specifically engineered for the Financial Year 2026-27 (Assessment Year 2027-28), helping salaried professionals instantly determine which tax structure results in the highest take-home pay.
Old vs New Regime: Real-Time Comparison
Our dual-engine calculator computes your tax liability across both regimes simultaneously. Under the Old Regime, we rigorously calculate complex deductions like House Rent Allowance (HRA) using the strict "Minimum of Three" rule, along with Section 80C, 80D, LTA, and NPS contributions. Under the New Regime (the default), we apply the revised tax slabs and the enhanced ₹75,000 standard deduction to give you an apples-to-apples comparison.
Integrating Capital Gains
Unlike basic salary calculators, our tool natively supports Capital Gains Tax. You can input your Short Term Capital Gains (STCG) and Long Term Capital Gains (LTCG) from equity investments. The calculator correctly segregates these flat-rated taxes from your slab-based salary income, automatically applying the ₹1.25 Lakh exemption limit on LTCG before computing the 12.5% tax liability.