Income Tax Department of India (CBDT)CBDT Official ToolTax & GST

Official Income Tax Calculator (Old vs New Regime)

Simulate statutory income tax liabilities comparing Old vs New Tax Regime under Finance Act provisions, including standard deductions, Section 87A rebate, and 80C/80D investments.

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Tax Calculator (Regimes)

Open the official government portal in a secure external window while keeping this guide active.

https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

Launch Official Portal

Official Host: Income Tax Department of India (CBDT)

Regulating Body

Income Tax Department of India (CBDT)

Primary Function

Verification & Statutory Search

Jurisdiction

Pan-India (28 States & 8 UTs)

Processing SLA

Instant Real-Time Result

Official Walkthrough Guide

How to Verify & Search via Official Portal

4 Quick Steps

Select Assessment Year

Choose the current Assessment Year (AY 2025-26 or AY 2026-27) and taxpayer category.

Input Gross Annual Income

Enter your taxable salary, business income, house property earnings, and capital gains.

Enter Deductions & Exemptions

Add standard deduction (₹75,000 under New Regime / ₹50,000 under Old), 80C, 80D, and HRA.

Compare Tax Payable

Review side-by-side computation of tax liability, cess (4%), and Section 87A rebate to choose the optimal regime.

Prerequisites Checklist

Required Information & Inputs

Have these records ready before initiating the search.

Gross Annual Salary / Total Business Net Profits / Capital Gains income
Chapter VI-A Eligible Deductions (80C, 80D, 80G, 80CCD NPS) for Old Regime
Home Loan Interest under Section 24(b) (up to ₹2 Lakhs for self-occupied)
HRA exemption components (Basic Salary, HRA received, and actual rent paid)

Zero sensitive credentials required or stored

Notice Guard

Common Scrutiny Mistakes

Avoid portal rejections, tax notices, and filing penalties.

Issue: Assuming Section 87A full tax rebate applies to short-term capital gains (STCG) under New Regime

Fix: CBDT utility strictly taxes special rate incomes like Section 111A STCG and Section 112A LTCG without 87A rebate under recent interpretations.

Issue: Claiming Section 80C, 80D, or HRA deductions under the New Tax Regime

Fix: The New Tax Regime disallows almost all Chapter VI-A deductions except Section 80CCD(2) employer NPS and standard deduction.

Issue: Missing the July 31st deadline to opt into the Old Tax Regime

Fix: Under Section 115BAC, the New Regime is the default. Salaried employees can only switch to Old Regime by filing ITR on or before the due date.

Validated against latest 2026 statutory circulars

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ITR Filing & Tax Optimization

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Statutory References & Guides

ITR Filing Due Dates & Penalties (AY 2026-27)Annual ROC & Statutory Compliance Calendar

Government Portal Safety Notice

All external links provided by SRI Filing strictly redirect to sovereign Indian government portals ending in .gov.in, .nic.in, or statutory authority domains. No personal data is stored during verification.

Need Instant Portal Assistance?

Facing portal gateway timeout, incorrect assessment ward, or document rejection? Connect directly with our compliance desk.

Got Questions?

Frequently Asked Questions About Tax Calculator (Regimes)

Statutory guidance, portal troubleshooting, and official legal rules compiled by corporate professionals.

Portal Navigation & Filing Rules

What is the standard deduction under the New Tax Regime?+

Under the latest Finance Act amendments, the standard deduction for salaried employees and pensioners under the New Tax Regime has been enhanced to ₹75,000 (compared to ₹50,000 under the Old Regime).

What is the zero-tax threshold under Section 87A in the New Regime?+

Under the New Tax Regime, resident individuals with taxable income up to ₹7,00,000 are eligible for full tax rebate under Section 87A, resulting in zero tax payable (effectively ₹7,75,000 for salaried employees after standard deduction).

Can business owners switch between Old and New regimes every year?+

No! Salaried individuals can switch between Old and New regimes each financial year. However, individuals with business or professional income (PGBP) can switch to the Old Regime only once in their lifetime and cannot switch back freely.

Statutory Compliance & Scrutiny Relief

Are employer contributions to NPS tax-exempt under the New Regime?+

Yes. Deduction under Section 80CCD(2) for employer's contribution to NPS (up to 14% of basic salary for government employees and 10% for private sector) remains fully allowable under the New Tax Regime.

Is marginal tax relief available if income slightly exceeds ₹7 Lakhs?+

Yes! If your taxable income under the New Regime slightly exceeds ₹7,00,000, marginal relief ensures that the additional tax payable cannot exceed the amount of income earned over ₹7 Lakhs.

What is the Health & Education Cess applied to computed income tax?+

A mandatory 4% Health and Education Cess is calculated on the aggregate of the total income tax payable and applicable surcharge under both the Old and New Tax Regimes.

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