Income Tax Calculator
Free online income tax calculator. Compare India's old and new regime for FY 2025-26, or work out Australian income tax, Medicare levy and HECS-HELP for FY 2026-27.
The New regime is cheaper, with a tax of ₹97,500.
Based on FY 2026-27 (AY 2027-28) slabs, including the standard deduction (₹75,000 new / ₹50,000 old), Section 87A rebate and 4% cess. Deductions apply to the old regime only; the new regime is the default. Excludes surcharge (income over ₹50 lakh), capital-gains/special-rate income and senior-citizen exemptions. Figures in ₹.
Frequently asked questions
Which tax regime should I choose, old or new?
It depends on your deductions. The new regime has lower slab rates and a ₹75,000 standard deduction but allows almost no other deductions; the old regime has higher rates but lets you claim 80C, 80D, HRA, home-loan interest and more. This calculator computes both and shows which gives lower tax for your numbers.
How much income tax will I pay in Australia?
Select Australia to switch to Australian rules for FY 2026-27, where the lowest marginal rate fell from 16% to 15% on 1 July 2026. The calculator applies the resident brackets, the 2% Medicare levy (including its low-income shade-in), the low income tax offset and, optionally, your compulsory HECS-HELP repayment.
How is income up to ₹12 lakh tax-free under the new regime?
For FY 2025-26, the Section 87A rebate under the new regime makes tax zero for taxable income up to ₹12,00,000 (a ₹60,000 rebate). With the ₹75,000 standard deduction, a salaried person earning up to ₹12.75 lakh pays no tax. Marginal relief applies just above the threshold.
Related tools
Read the guide: Old vs New Tax Regime: Which Saves More?
Results are estimates for illustration only and not financial advice.