Work out income tax for individuals, HUFs, firms, LLPs, companies, AOPs, co-operative societies and trusts under the Income-tax Act, 1961 (AY 2022-23 to 2026-27) or the Income-tax Act, 2025 (Tax Year 2026-27), with interest, late fee and updated return tax. Free, no sign-up.
Under the new regime, a resident individual with total income up to ₹12 lakh pays no tax because of the rebate of up to ₹60,000 (FY 2025-26 and Tax Year 2026-27). Salaried people also get a ₹75,000 standard deduction, so a salary of up to ₹12.75 lakh is tax-free. The rebate does not cover tax on special-rate income such as share gains.
For FY 2025-26 and Tax Year 2026-27: up to ₹4 lakh nil, ₹4–8 lakh 5%, ₹8–12 lakh 10%, ₹12–16 lakh 15%, ₹16–20 lakh 20%, ₹20–24 lakh 25% and above ₹24 lakh 30%. A 4% health and education cess is added. Earlier years use the slabs that applied then, which the calculator picks automatically.
Yes. Enter the due date, the date you file and the advance tax you paid. It works out interest under sections 234A, 234B and 234C (423, 424 and 425 of the 2025 Act), the late fee under 234F (428) and, for an updated return, the additional tax of 25% to 70% under section 140B.
After the time for a belated or revised return is over, and within 48 months from the end of the assessment year. The additional tax is 25%, 50%, 60% or 70% of the tax and interest, depending on how late you file. An updated return cannot be used to lower tax or claim a bigger refund.
The new regime has lower rates but allows very few deductions. The old regime can work out better if you claim large deductions such as HRA, 80C, 80D and home loan interest. The calculator shows the tax under both so you can compare.
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Salary, business, capital gains, NRI, firm, company and trust returns, including belated and updated returns.
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