Taxable income, not vibes
People search “income tax calculator” when they already know taxable income: Form 16 worksheets, freelancers after expenses, or anyone who finished the deduction stack. The salary calculator starts from CTC and invents a PF/HRA sketch so two regimes can share a yardstick. This page starts from the number you already computed and shows both regimes with 87A on the new side. If you only have an offer letter, go back to the salary page first.
Which financial year
Use the dropdown for FY 2023–24 through FY 2026–27. This page does not apply standard deduction — you enter income that is already taxable. 87A follows the year: ₹60,000 up to ₹12 lakh on the current new regime, the older ₹25,000 / ₹7 lakh window on FY 2023–24 and 2024–25. Confirm live rules on the Income Tax Department portal if a Budget notification lands after this page’s year list.
FY 2026–27 slabs this model uses
New regime: nil up to ₹4 lakh, then 5 / 10 / 15 / 20 / 25 / 30 percent as income climbs through ₹24 lakh. Standard deduction is a salary-page concern; here you enter income that is already taxable. Section 87A can rebate tax for resident individuals when taxable income is at or under ₹12 lakh, capped at ₹60,000. Old-regime comparison on this page is a slab-only sketch without a full 80C/HRA engine. That is why old-regime tax here can look harsher than a filled ITR. Confirm live rules on the Income Tax Department portal if a Budget notification lands after this page’s FY label.
Worked example: ₹9 lakh taxable, new regime
Type 900000. You are inside the 87A window after slabs. Tax often collapses to cess-and-rounding noise in the simplified model. Old regime without a real deduction stack still owes more. That gap is why the default regime changed. If your actual taxable is ₹9 lakh after ₹75,000 standard deduction, your gross salary was higher. Do not paste CTC here.
Worked example: ₹12 lakh taxable
This is the slogan number. 87A still applies at the threshold this model uses. One rupee over and the rebate story changes. That cliff is why people re-check Form 16 line items in March. Use this page to see the cliff; use a CA spreadsheet if you are actually sitting on it with surcharge, capital gains, or two employers.
Worked example: ₹18 lakh taxable
87A is gone. Higher bands dominate. Old regime only wins if your deduction stack is real (80C, HRA, NPS, housing interest) and you model those elsewhere. This calculator will not invent them. The useful output is “new-regime tax on this taxable number,” not “I should switch regimes based on a page that never saw my rent receipts.”
What is missing on purpose
Surcharge, marginal relief, capital gains, agricultural income, and senior-citizen old-regime extras. Cess is easy to forget when you screenshot a round number. I would rather under-claim completeness than ship a fake “full ITR” in a browser box. Pair with the salary calculator when the input is CTC, and with payroll when the input is an argument.
Taxable income vs CTC?
Taxable is after exemptions/deductions. CTC is employer packaging. Use salary calculator for CTC sketches.
87A?
Depends on the year. Current new regime: rebate up to ₹60,000 when taxable income ≤ ₹12 lakh. FY 2023–24 and 2024–25 used ₹25,000 up to ₹7 lakh. Old regime 87A is ₹12,500 up to ₹5 lakh.
Surcharge?
Not modeled. High incomes need a CA spreadsheet.
FY?
Pick FY 2023–24 through FY 2026–27 in the dropdown. Slabs, standard deduction (on the salary page), and 87A follow that year. Check the Income Tax Department source if a budget update lands.
Does Remember send my income to you?
No. Remember writes to this browser only. Forget wipes it. Worksheets download as a file on your computer.