Income Tax Calculator Online
Calculate your salary income tax liability instantly for AY 2026-27 under the New Tax Regime - free, accurate, and no login required.
Total Tax Payable
₹52,000
Calculated as per New Tax Regime FY 2024-25 slabs.
How Cready's Online Income Tax Calculator Works
Enter your annual income and any deductions claimed under Section 80C, and the calculator instantly shows your taxable income, income tax liability, the 4% Health and Education Cess, and your total tax payable for the assessment year. This salary income tax calculator is built using the New Tax Regime slabs for FY 2024–25 (AY 2026–27), which is the default tax regime for salaried individuals in India. The standard deduction of ₹75,000 is automatically considered, and the rebate under Section 87A ensures that eligible taxpayers with taxable income up to ₹7 lakh have an effective tax liability of zero.
New Tax Regime Slabs for AY 2026-27 (FY 2024-25)
The New Tax Regime slab rates for individuals for the assessment year AY 2026-27 are as follows:
| Annual Income | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Note: A 4% Health and Education Cess is applied on the total income tax calculated. Additionally, a rebate under Section 87A is available for individuals with taxable income up to ₹7 lakh, effectively reducing their tax liability to zero under the applicable conditions.
How to Use the Salary Income Tax Calculator
Using this online income tax calculator takes under a minute:
Use your gross annual salary or total annual income before deductions.
Add investments in PPF, ELSS, EPF contributions, life insurance premiums, NSC, and other eligible 80C instruments, up to ₹1.5 lakh. Note that under the New Tax Regime, 80C deductions have limited impact, as the standard deduction of ₹75,000 is already factored into the calculation.
The calculator instantly shows your taxable income, income tax, 4% health and education cess, and total tax payable.
Salary Tax Planning and Personal Loan Eligibility
Your income tax liability affects your net take-home salary - which directly affects the personal loan amount you're eligible for. Lenders calculate your loan eligibility based on net monthly income (income after tax and other deductions), not gross salary. Using this salary income tax calculator helps you understand your actual post-tax income before approaching a lender. If your gross annual salary is ₹10 lakh and your total tax is ₹52,000, your net annual income after tax is approximately ₹9,48,000 - which translates to a monthly net income of roughly ₹79,000. Lenders use this net figure to assess your Fixed Obligation to Income Ratio (FOIR) and determine how much loan you can comfortably repay.
Frequently Asked Questions
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