Detailed Income Tax Calculator (FY 2026-27)

FY 2026-27 · AY 2027-28 · Detailed · Verified

Detailed Income Tax Calculator

Compute your precise income tax with all five heads of income, Chapter VI-A deductions, and regime comparison. Includes house property (self-occupied / let-out), capital gains at correct rates, and presumptive business income.

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1. Income from Salary

₹0
gross basic
₹
if applicable
₹
from payslip
₹
LTA, special, etc.
₹
performance bonus
₹
ESOP, company car, etc.
₹
HRA exemption details (old regime only)
actual rent
₹

HRA exempt = min(actual HRA, 50/40% of Basic+DA, rent − 10% of Basic+DA). Auto-computed.

Professional tax (annual)
max ₹2,500 in most states
₹

2. Income from House Property

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3. Capital Gains

₹0
Enter capital gains
taxed at 20%
₹
₹1.25L exempt · then 12.5%
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added to slab income
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taxed at 12.5%
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Rates post Budget 2024 (applicable FY 2025-26 and FY 2026-27): STCG u/s 111A = 20%. LTCG u/s 112A = 12.5% with ₹1.25L exemption. Other LTCG = 12.5% (no indexation for transfers after 23-Jul-2024). Other STCG added to slab.

4. Business & Profession

₹0
Enter business / profession income
after expenses
₹
8% deemed profit
₹
professionals, 50% profit
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declared
₹

5. Income from Other Sources

₹0
taxable
₹
80TTA/TTB eligible
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taxable at slab
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₹

Chapter VI-A Deductions (old regime only)

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These deductions apply only under the old regime. The calculator auto-caps each entry at its legal limit and auto-computes HRA from Section 1 inputs.
cap ₹1.5L
₹
cap ₹50K above 80C
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₹25K / ₹50K seniors
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₹25K / ₹50K seniors
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no cap; up to 8 years
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50% / 100% of eligible
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cap ₹10K, non-seniors
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cap ₹50K, 60+ only
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10% of salary, also new regime
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₹

Methodology & verified for FY 2026-27 (AY 2027-28). New regime slabs ₹4L/8L/12L/16L/20L/24L at 0/5/10/15/20/25/30%, ₹60K rebate u/s 87A up to ₹12L (with marginal relief), ₹75K standard deduction (salaried), no Chapter VI-A except 80CCD(2). Old regime ₹2.5L/5L/10L at 0/5/20/30%, ₹12,500 rebate up to ₹5L, ₹50K standard deduction, all Chapter VI-A allowed. 4% H&E cess. Surcharge 10/15/25% (new caps at 25%); old: 10/15/25/37% above ₹5Cr with marginal relief. STCG 111A @ 20%, LTCG 112A @ 12.5% with ₹1.25L exemption, other LTCG @ 12.5% (post Budget 2024 / retained Budget 2026). House property loss capped at ₹2L setoff per year. 44AD deemed 8%, 44ADA deemed 50%. HRA auto-computed. Planning aid only; consult a CA for filing.