Income Tax Calculator
Free income tax calculator. Compare India's old and new regime for FY 2025-26, or Australian tax and Medicare levy — private, in your browser.
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.
Is my income information sent anywhere?
No. Your salary and deduction figures are processed entirely in your browser and never uploaded. There is no account to create.
Related tools
Read the guide: Old vs New Tax Regime: Which Saves More?
Results are estimates for illustration only and not financial advice.