Income Tax Calculator Advance

Five heads of income in one place. Capital gains are charged at their own rates and interact with the basic exemption, Chapter VI-A deductions, the section 87A rebate and surcharge in ways that catch people out — each of those is handled here, and shown in the working.

Rates for FY 2025-26 (AY 2026-27) · resident individual

Age on the last day of the year

Salary

Gross salary

₹

Before the standard deduction, which is applied automatically

House property

Leave the rent at zero for a self-occupied property.

Annual rent received

₹

Zero if you live in it yourself

Municipal taxes paid

₹

Deductible from the rent, if actually paid

Interest on housing loan

₹

Section 24(b). Self-occupied is capped at ₹2,00,000 and allowed under the old regime only

Other sources

Income from other sources

₹

Interest, dividends and the rest

Capital gains

Short-term — section 111A

₹

Listed shares and equity funds with STT paid

Short-term — other assets

₹

Taxed at your slab rate, not a special rate

Long-term — section 112A

₹

Listed shares and equity funds. The first ₹1,25,000 is exempt

Long-term — other assets

₹

Property, unlisted shares, gold and the rest

Deductions

Section 80C

₹

Ceiling ₹1,50,000

Section 80CCD(1B)

₹

Additional NPS. Ceiling ₹50,000

Section 80D

₹

Health insurance premium

Other Chapter VI-A

₹

80G, 80TTA, 80TTB, 80E and the rest

What this calculator handles

Five heads of income, and the interactions between them that shorter calculators tend to skip: Chapter VI-A deductions cannot reduce capital gains charged at a special rate; unused basic exemption may be set against those gains; the section 87A rebate is not available against tax on section 112A gains; surcharge on capital gains is capped even where the rest of the income sits in a higher band; and a house property loss is set off only up to the statutory limit, and not at all under the new regime.

Not covered: business or professional income, relief under section 89, carry-forward and set-off of brought-forward losses, non-residents, HUFs and firms. Figures are indicative and rounded.

A calculator is not advice. For anything that affects your actual position, write to hello@caakhilesh.in.

Simpler figures? Use the Basic income tax calculator, or see all calculators.

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