Personal Finance News

3 min read | Updated on April 13, 2026, 16:16 IST
SUMMARY
Learn how to use the income tax calculator for FY 2026-27, understand key FAQs, compare tax regimes, and simplify your ITR filing process with this easy guide.

The income tax calculator provides a straightforward method to get started. | Image: Shutterstock.
Taxes can seem hard, but with the correct tools, taxpayers can simplify their calculations. One such useful tool for quickly estimating your tax liability is the online calculator provided by the income tax department.
The income tax calculator provides a straightforward method to get started, whether you're attempting to plan, compare the old and new tax systems, or just figure out how much tax you might owe.
The income and tax calculator service enables registered and unregistered e-Filing users to perform the following actions:
Access their tax calculation with a basic and/or advanced calculator in a quick and easy manner without logging into the e-Filing portal.
Compare their tax as per the old tax regime and new tax regime introduced in the Finance Budget 2020.
The Income and Tax Calculator service is now a Quick link on the e-Filing portal.
You can estimate tax as per the new tax regime and the old tax regime and compare the results.
No. The income and tax calculator enables you to have a quick view of your basic tax calculation, and does not necessarily give your final tax calculation in all circumstances. For filing of returns, the exact calculation may be made as per the provisions contained in the relevant Acts and Rules.
Go to the e-Filing portal homepage.
Select Quick Links-Income and Tax Calculator.
You will be taken to the Income and Tax Calculator page. There are two tabs – Basic Calculator and Advanced Calculator. The Basic Calculator tab is selected by default.
In the Basic Calculator tab, enter the required details such as:
Assessment Year (AY)
Taxpayer category
Age
Residential status
Total annual incom
Total deductions
Click View Comparison to get a more detailed comparison of tax under the old and new tax regime.
In the Advanced Calculator tab, enter the following details:
Preferred tax regime
Assessment Year (AY)
Taxpayer category
Age
Residential status
Due date and actual date of submission of return
Income under the head Salaries
Income under the head House Property
Income under the head Capital Gains
Income under the head Business or Profession
Income under the head Other Sources
Under Deduction Details, enter the relevant deductions applicable to you, including but not limited to PPF, LIC, Housing Loan, NPS, Mediclaim, and Loan on Higher Education.
Under Taxable Income, enter or edit the TDS/TCS details where you have substantiating evidence available.
The total tax and interest payable by you will be displayed at the end of the page.
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