Tax Computation Inputs
Enter client details and income details below. Values recalculate instantly.
Visual Tax Load Analysis
Tax as percentage of your Gross Annual Income
Instant Client Advisory Report
Knowledge Navigator: Income Tax Act, 2025
Key Direct Tax shifts effective from April 1, 2026, transitioning from the legacy 1961 Act.
Unified "Tax Year"
The traditional concepts of "Assessment Year (AY)" and "Previous Year (PY)" have been consolidated into a single "Tax Year" to eliminate reporting confusion. Tax Year 2026-27 covers income earned and assessed during the period from April 1, 2026, to March 31, 2027.
Sec 87A Rebate & Relief
In the default New Regime, individuals with net taxable income up to ₹12,00,000 receive a full tax rebate of up to ₹60,000 (tax liability is ₹0). To protect those whose income slightly exceeds this threshold, Marginal Relief ensures that the additional tax payable is capped to the additional income earned above ₹12 Lakh.
Employer NPS (80CCD(2))
Deduction for employer contributions to the National Pension System remains available under both regimes. It is capped at 10% of basic salary (or 14% for government employees) and serves as an excellent tax planning tool for high-income earners.
Surcharge Slashed
Under the New Regime, the peak surcharge rate on net taxable incomes exceeding ₹5 Crore is capped at 25% (down from 37% in the Old Regime). This lowers the maximum effective tax rate for high-net-worth individuals (HNIs) from 42.744% to 39%.