Choose your profile
Tap your category to jump straight to the right calculator.
Professionals
Doctors, lawyers, consultants & freelancers on presumptive tax.
Open calculatorSmall Business / Sole Proprietor
Traders, shops & manufacturers on presumptive tax.
Open calculatorIncome Tax Calculator — Salaried & Pensioners
For salaried employees, pensioners, individuals & HUFs — income from salary, pension & other sources.
FY 2025-26 (AY 2026-27) · Old Regime vs New Regime · Computed by a real CA team
Your details
Total gross income before any deductions.
Affects the basic exemption under the Old Regime only.
Adds standard deduction: ₹75,000 (New) / ₹50,000 (Old).
80C, 80D, HRA, home-loan interest, NPS, etc. Leave 0 if unsure. (New Regime does not allow these.)
- Taxable income₹0
- Income tax₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
- Taxable income₹0
- Income tax₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
For estimate purposes only. Final liability may vary with capital gains, special-rate income and other factors. Confirm with a Chartered Accountant before filing.
View the FY 2025-26 tax slabs (both regimes)
New Regime — FY 2025-26
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Rebate u/s 87A: income up to ₹12,00,000 pays zero tax (₹12.75L for salaried after standard deduction).
Old Regime — FY 2025-26 (Below 60)
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Exemption: ₹3,00,000 (60–80 yrs) / ₹5,00,000 (80+ yrs). Rebate u/s 87A up to ₹5,00,000 income.
Presumptive Tax Calculator — Professionals
Section 44ADA — doctors, lawyers, CAs, engineers, architects, technical & IT consultants (the specified professions u/s 44AA).
FY 2025-26 (AY 2026-27) · New Regime · Computed by a real CA team
Your details
Total fees / professional income received during FY 2025-26, before expenses.
If yes, the 44ADA eligibility limit rises from ₹50 lakh to ₹75 lakh.
Under 44ADA your taxable income is fixed at 50% of receipts — no need to maintain books or claim expenses.
- Gross receipts₹0
- Presumptive income (50%)₹0
- Income tax (slab)₹0
- Less: rebate u/s 87A₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
Estimate only. Assumes professional income alone under the new regime (no salary, capital gains or other income). If you also earn salary or want to declare more than 50%, your tax differs — confirm with a Chartered Accountant before filing.
How Section 44ADA & the new regime work
Section 44ADA in brief
- For resident professionals: legal, medical, engineering, architecture, accountancy, technical consultancy, interior decoration and other notified professions.
- Taxable income = 50% of gross receipts (or more, if actually higher).
- Eligibility limit: ₹50 lakh receipts, or ₹75 lakh if cash receipts are 5% or less.
- No books of account or tax audit required while you stay within these rules.
- Not for generic freelancers / content creators who aren't specified professionals — they use Section 44AD (the business calculator above). TDS under 194J alone doesn't force you into 44ADA.
- Once opted, follow it for 5 consecutive years; exit early and you can't re-enter for 5 years. Advance tax is paid in a single instalment by 15 March.
New Regime slabs — FY 2025-26
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Rebate u/s 87A makes tax zero on income up to ₹12,00,000 — so receipts up to ₹24,00,000 (50% = ₹12L) attract no tax.
Presumptive Tax Calculator — Small Business (Sole Proprietorship)
Section 44AD — for sole proprietors & individual / HUF businesses: traders, retailers, manufacturers, small businesses & non-specified freelancers.
Not applicable to Companies, LLPs or Partnership firms (Indian Partnership Act, 1932).
Your turnover
Proprietors are taxed at slab rates with the 87A rebate. Firms are taxed at a flat 30%.
Received via cheque, UPI, NEFT, cards or other banking channels. Taxed at 6%.
Received in cash. Taxed at 8%.
Under 44AD your taxable income is a fixed percentage of turnover — no books, no expense tracking, no audit while you stay within the rules. The rate of tax on that income then depends on whether you file as a proprietor or a firm.
- Total turnover₹0
- Presumptive income — digital @6%₹0
- Presumptive income — cash @8%₹0
- Total presumptive income₹0
- Income tax (slab)₹0
- Less: rebate u/s 87A₹0
- Surcharge₹0
- Health & edu. cess (4%)₹0
Estimate only. Presumptive income is taken at the minimum 6% / 8% (you may declare higher). Proprietor figures assume business income alone under the new regime; firm figures apply the flat 30% rate. If you also have salary, capital gains or other income, your tax differs — confirm with a Chartered Accountant before filing.
How Section 44AD & the tax rates work
Section 44AD in brief
- For resident individuals, HUFs and partnership firms (not LLPs) running an eligible business.
- Presumptive income = 6% of digital/bank turnover + 8% of cash turnover (or more, if actually higher).
- Turnover limit: ₹2 crore, rising to ₹3 crore if cash receipts are 5% or less.
- Not available to professionals (use 44ADA), commission/brokerage or agency businesses.
- Freelancers & content creators who aren't specified professionals file here under 44AD, not 44ADA.
- Once opted, follow it for 5 consecutive years; exit early and you can't re-enter for 5 years. Advance tax is paid in a single instalment by 15 March.
Rate of tax on the presumptive income
- Individual / HUF / Proprietor: normal new-regime slabs (nil ≤₹4L, then 5%–30%), with the 87A rebate making tax zero on income up to ₹12,00,000. So ₹2 crore digital turnover (6% = ₹12L) attracts no tax.
- Partnership firm: flat 30% on the whole presumptive income, plus 12% surcharge if income exceeds ₹1 crore, plus 4% cess. No basic exemption and no 87A rebate — a firm pays tax from the first rupee.
This is why the same turnover can show ₹0 for a proprietor and lakhs for a firm — the presumptive income is identical, the tax rate is not.
Salary + Stocks, Funds or Property?
Most calculators tax it wrong.
Millions of salaried people also earn from the market — shares, mutual funds, even property. Your real tax needs both together: STCG at 20%, LTCG at 12.5% above the ₹1.25 lakh exemption, loss set-off, and whether your 87A rebate even survives. Our combo calculator settles it in one screen.
Salary + Capital Gains Tax Calculator
Salary, STCG, LTCG, STCL & LTCG losses — combined, with set-off, the ₹1.25L equity exemption, the 87A rule on capital gains, surcharge caps and old-vs-new in one place.
Your income
Enter annual figures. Leave anything that doesn't apply blank.
Profile
Capital gains
Net gain per bucket (sale value minus cost). Losses go in the boxes below.
Capital losses this year
STCL sets off against any capital gain. LTCL sets off against long-term gains only. We apply them to cut your tax the most.
Your tax
Old vs new regime
Same capital-gains tax in both — only the tax on your salary/slab income changes.
Breakdown
Capital-gains ITRs (ITR-2 / ITR-3) are where small errors get expensive. A real CA from QwikFilings will handle set-off, carry-forward and Schedule 112A for you.
How this is calculated & what to confirm
- Special rates (FY 2025-26): STCG on listed equity/equity MF = 20% (Sec 111A). LTCG on the same = 12.5% on gains above the ₹1.25 lakh annual exemption (Sec 112A). LTCG on other assets = 12.5% without indexation (Sec 112); pre-23 Jul 2024 property can opt for 20% with indexation. Plus 4% health & education cess on everything.
- 87A rebate & capital gains: the rebate (up to ₹60,000, new regime) wipes out tax on income up to ₹12 lakh, but it does not apply to the tax on STCG/LTCG taxed at special rates. We also treat capital gains as counting toward the ₹12 lakh eligibility ceiling — the conservative, prevailing reading. If your total income including gains crosses ₹12 lakh, the rebate is dropped.
- Basic-exemption set-off (residents): if your slab income is below the basic exemption limit (₹4L new / ₹2.5L–₹5L old by age), the unused part shelters your capital gains, highest-rate gains first.
- Loss set-off: STCL → short-term gains then long-term; LTCL → long-term gains only. We absorb losses in the order that saves the most tax and protect the ₹1.25L equity exemption. Unabsorbed losses are shown as carry-forward (8 years, if you file by the due date).
- Surcharge: applies above ₹50L income (10/15/25%, capped at 25% in the new regime), and is itself capped at 15% on the 111A/112A/112 portion. Near the ₹50L/₹1cr/₹2cr/₹5cr thresholds, marginal relief can reduce surcharge — we flag this rather than estimate it.
- Not covered in v1: indexation auto-computation, grandfathering FMV (31 Jan 2018), Sec 54/54F/54EC reinvestment exemptions, intraday/F&O, dividends, and prior-year carried-forward losses. These can change your liability — confirm with us before filing.
This is an estimate for planning, not tax advice or a filed computation. CII for FY 2025-26 = 376 (CBDT Notification 70/2025).
Salary + Consulting or Business?
Most calculators only do one.
Plenty of taxpayers earn two ways at once — a salary and income from consulting, freelancing or a small business. Your real tax depends on both together: slabs, the 44ADA/44AD presumptive route, surcharge and the right regime. Our combo calculator settles it in one screen.
Salary + Consulting Tax Calculator
Built for the combo earner — a salary plus independent consulting income (including foreign clients). Enter both, pick how your consulting is taxed, and see your liability under the new and old regimes side by side.
Old-regime deductions & credits
These apply only under the old regime. The new regime ignores them (it keeps the standard deduction on salary only).
Tax already paid (for net payable / refund)
New Regime
Saves moreOld Regime
Saves moreCompany income tax calculator
For Private Limited and One Person Companies. Pick your regime and enter total taxable income for FY 2025-26 (AY 2026-27).
115BAA: flat 22% + 10% surcharge + 4% cess, no incentive deductions.
Indicative tax on total income for a domestic company. Surcharge applied with marginal relief; excludes MAT (Section 115JB), dividend and other special-rate incomes. Not a substitute for professional advice.
File your company's ITR-6 with a CALLP & partnership firm tax calculator
Firms and LLPs are taxed at a flat 30% on total income for FY 2025-26 (AY 2026-27) — plus surcharge above ₹1 crore and 4% cess.
After deducting allowable partner salary and interest under Section 40(b).
Indicative tax for a partnership firm or LLP. Surcharge applied with marginal relief; excludes Alternate Minimum Tax (Section 115JC) and special-rate incomes. Not a substitute for professional advice.
File your LLP / firm ITR-5 with a CASection 8 company, society, trust & NGO — how tax works
There is no single tax rate here. What a charitable entity pays depends almost entirely on its registration status and how it spends its income — so this needs a quick review rather than a calculator. Here are the three scenarios that decide it.
Registered under 12A / 12AB (or 10(23C))
If at least 85% of income is applied to charitable or religious purposes in India, that portion is exempt. Only the unapplied surplus is taxed, at normal slab rates (as an AOP, with the basic exemption). Income you wish to accumulate must follow the Form 10 / Form 9A conditions.
Anonymous donations
Taxed at a flat 30% under Section 115BBC on the amount exceeding the higher of ₹1 lakh or 5% of total donations — regardless of how the rest of the income is treated.
Not registered / Section 8 without 12A
No exemption. A Section 8 company is taxed like a normal company (25% / 30%); an unregistered trust or AOP can be taxed at the maximum marginal rate (~39%). Cancelling or converting registration can also trigger tax on accreted income under Section 115TD.
ITR-7 filing is specialist work.
Send us your registration details and accounts — our CA team will tell you exactly what's taxable and file it correctly.
General guidance for FY 2025-26 (AY 2026-27). Charitable taxation is highly situational — treat this as an overview, not advice for your specific entity.
The New Tax Regime (FY 2025-26)
The New Regime is now the default. It offers lower slab rates but removes most deductions and exemptions. It suits salaried individuals and business owners who don't claim heavy deductions.
New Regime slab rates
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Same slabs apply to all ages — no separate senior-citizen relief under the New Regime.
Zero tax up to ₹12 lakh — how it works
Under Section 87A, a rebate of up to ₹60,000 makes income up to ₹12,00,000 effectively tax-free. For a salaried person, the ₹75,000 standard deduction pushes that ceiling to ₹12.75 lakh.
| Gross salary | ₹12,75,000 |
| Less: standard deduction | ₹75,000 |
| Taxable salary | ₹12,00,000 |
| Tax on slabs | ₹60,000 |
| Less: 87A rebate | ₹60,000 |
| Net tax payable | Nil |
The rebate applies only to normal slab income. Special-rate income (capital gains, online gaming) is not eligible.
The Old Tax Regime (FY 2025-26)
The Old Regime keeps higher slab rates but lets you claim 70+ deductions and exemptions — 80C, 80D, HRA, home-loan interest and more. It wins when your deductions are large.
Below 60 years
| Income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Senior (60–80 yrs)
| Income | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Super senior (80+ yrs)
| Income | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction: ₹50,000 (salaried/pensioner). Section 87A rebate: ₹12,500 — makes income up to ₹5,00,000 tax-free.
Old vs New Regime: what you can claim
The core trade-off: the New Regime gives lower rates but strips out deductions; the Old Regime keeps the deductions but taxes you at higher rates. Here's how the major benefits compare.
| Tax benefit | Old Regime | New Regime |
|---|---|---|
| Section 87A rebate | ₹12,500 (up to ₹5L) | ₹60,000 (up to ₹12L) |
| Standard deduction | ₹50,000 | ₹75,000 |
| Section 80C (PF, LIC, ELSS…) | Allowed | Not allowed |
| Section 80D (health insurance) | Allowed | Not allowed |
| HRA exemption | Allowed | Not allowed |
| Home loan interest (self-occupied) | Allowed | Not allowed |
| NPS — employer contribution 80CCD(2) | Allowed | Allowed |
| NPS — self contribution 80CCD(1B) | Allowed | Not allowed |
| Set-off of house property loss | Allowed | Not allowed |
Rule of thumb: if your total deductions exceed roughly ₹3.5–4 lakh, the Old Regime often wins. Below that, the New Regime is usually cheaper. Use the calculator above to confirm for your exact numbers.
How much tax will you pay?
Tax payable at different taxable-income levels (including 4% cess), assuming no Old-Regime deductions beyond the standard ones. This shows how much the New Regime can save when deductions are minimal.
| Taxable income | New Regime | Old Regime | You save |
|---|---|---|---|
| ₹8,00,000 | Nil | ₹75,400 | ₹75,400 |
| ₹10,00,000 | Nil | ₹1,17,000 | ₹1,17,000 |
| ₹12,00,000 | Nil | ₹1,79,400 | ₹1,79,400 |
| ₹13,00,000 | ₹78,000 | ₹2,10,600 | ₹1,32,600 |
| ₹15,00,000 | ₹1,09,200 | ₹2,73,000 | ₹1,63,800 |
| ₹20,00,000 | ₹2,08,000 | ₹4,29,000 | ₹2,21,000 |
| ₹25,00,000 | ₹3,43,200 | ₹5,85,000 | ₹2,41,800 |
| ₹30,00,000 | ₹4,99,200 | ₹7,41,000 | ₹2,41,800 |
Figures are indicative for taxpayers below 60 with no major Old-Regime deductions. If you claim large 80C / HRA / home-loan benefits, your Old-Regime tax will be lower — run your real numbers in the calculator above.
Worked example: a Bengaluru professional
Priya earns ₹18 lakh salary, has ₹10,000 savings-bank interest, pays ₹2 lakh home-loan interest (self-occupied), and claims ₹1.5 lakh under 80C and ₹25,000 under 80D. Here's her tax both ways for FY 2025-26.
| Particulars | Old Regime | New Regime |
|---|---|---|
| Salary income | ₹18,00,000 | ₹18,00,000 |
| Less: standard deduction | ₹50,000 | ₹75,000 |
| Add: savings interest | ₹10,000 | ₹10,000 |
| Less: home loan interest | ₹2,00,000 | Nil |
| Less: 80C | ₹1,50,000 | Nil |
| Less: 80D | ₹25,000 | Nil |
| Less: 80TTA (savings interest) | ₹10,000 | Nil |
| Taxable income | ₹13,75,000 | ₹17,35,000 |
| Tax payable (incl. 4% cess) | ₹2,34,000 | ₹1,52,880 |
Surcharge & health and education cess
If your taxable income crosses ₹50 lakh, a surcharge is added on top of your income tax (tax on tax). A 4% health & education cess then applies to the total. The New Regime caps surcharge at 25%.
| Taxable income | Old Regime | New Regime |
|---|---|---|
| ₹50 lakh – ₹1 crore | 10% | 10% |
| ₹1 crore – ₹2 crore | 15% | 15% |
| ₹2 crore – ₹5 crore | 25% | 25% |
| Above ₹5 crore | 37% | 25% (capped) |
Marginal relief applies just above each threshold, so a small rise in income never costs you more in tax than the extra income itself. The calculator above factors this in automatically. A 4% cess is added on income tax plus surcharge in both regimes.
How to use this calculator
Enter your annual income before any deductions.
Select your age group — it changes the Old-Regime exemption.
Tick salaried/pensioner to apply the standard deduction.
Add your Old-Regime deductions (80C, 80D, HRA, home loan).
See both regimes side by side and which one saves you more.
Which regime should you choose?
New Regime is usually better if…
You don't claim large deductions, you're early in your career, or you prefer simple filing with no investment lock-ins.
Old Regime is usually better if…
You claim heavy 80C, HRA, home-loan interest and 80D — typically when total deductions cross ~₹3.5–4 lakh.
Salaried taxpayers can switch regime every year. Business and professional income has restricted switching — talk to a CA before you decide.
Income tax calculator — FAQs
Quick answers on the new regime, deductions and presumptive tax for FY 2025-26 (AY 2026-27).
Is income up to ₹12 lakh really tax-free under the New Regime?
Yes. For FY 2025-26, a Section 87A rebate of up to ₹60,000 reduces the tax on income up to ₹12,00,000 to zero. For salaried taxpayers, the ₹75,000 standard deduction extends this to ₹12.75 lakh of salary. The rebate does not apply to special-rate income such as capital gains.
Which regime is the default for FY 2025-26?
The New Regime is the default. If you want the Old Regime, you must actively choose it while filing. Salaried taxpayers can switch each year; those with business or professional income have restricted switching.
What is the standard deduction for FY 2025-26?
₹75,000 under the New Regime and ₹50,000 under the Old Regime, available to salaried individuals and pensioners.
Can I claim 80C and HRA under the New Regime?
No. Section 80C, 80D, HRA, LTA and home-loan interest on self-occupied property are not allowed under the New Regime. The main deduction that survives is the employer's NPS contribution under Section 80CCD(2).
Did Budget 2026 change the tax slabs?
No. The slab rates, rebate and standard deduction for FY 2025-26 (AY 2026-27) continue unchanged into FY 2026-27, giving taxpayers stability for planning.
Who counts as a “professional” under ITR-4 (Section 44ADA)?
Section 44ADA covers the professions specified under Section 44AA(1) — legal, medical, engineering, architectural, accountancy, technical consultancy and interior decoration — along with notified professions such as authorised representatives, film artists, company secretaries and information-technology professionals. To opt in, you must be a resident individual or partnership firm (not an LLP) whose gross professional receipts are up to ₹50 lakh (₹75 lakh if cash receipts are 5% or less of the total). Half of your gross receipts — 50% — is then treated as taxable profit, with no need to maintain detailed books. If your actual profit is lower and you want to declare less, a tax audit applies, so it is worth checking whether 44ADA is the right route for you.
Which businesses are eligible under ITR-4 (Section 44AD)?
Section 44AD is for resident individuals, HUFs and partnership firms (not LLPs) running an eligible business with total turnover or gross receipts up to ₹2 crore (₹3 crore if cash receipts are 5% or less). Most small businesses qualify — trading, manufacturing, retail and services. Deemed profit is 8% of turnover, reduced to 6% on receipts collected through banking or digital channels. It does not apply to professionals covered by 44ADA, to anyone earning commission or brokerage income, to agency businesses, or to those plying, hiring or leasing goods carriages — that last group is covered separately under Section 44AE. If you are unsure whether your activity qualifies, our CA team can confirm before you file.
How accurate is this calculator?
It applies the official FY 2025-26 slab rates, Section 87A rebate with marginal relief, surcharge with marginal relief, and 4% cess. It covers normal slab income. For capital gains, foreign income or complex cases, confirm with our CA team before filing.
Let a professional Chartered Accountant handle your income tax return
The calculator gives you the figure — we do the rest. Right regime, every deduction claimed, your TDS reconciled against Form 26AS and AIS, and your return filed correctly the first time.