CA India logo Jai Prakash & Co.Chartered Accountants All tools

Free Tool

Income Tax & Advance Tax Calculator

A complete computation for Individual, HUF, Firm/LLP and Company — old vs new regime, surcharge with marginal relief, cess and capital-gains rates. Switch to Advance Tax for the FY 2026-27 instalment schedule.

Income Details

Deductions & Exemptions

Tax Already Paid & Options

Tax deducted / collected at source during the year
Earlier instalments paid this year, if any
Presumptive — Sec 44AD / 44ADAEntire advance tax in one instalment by 15 Mar 2027

Total Tax Payable

₹0

incl. Health & Education Cess · FY 2025-26

Effective Rate
0.00%
Total Income
₹0
Old vs New Regime
New RegimeLower
₹0
—
Old RegimeLower
₹0
—
—
Advance Tax — Instalment Schedule

Basis of computation

Rates per the Finance Act, 2025 for FY 2025-26 (AY 2026-27); the same slabs continue for FY 2026-27 (Budget 2026 made no change), with the Income-tax Act, 2025 effective 1 April 2026. New regime is the default under Sec 115BAC. New-regime rebate u/s 87A is up to ₹60,000 (nil tax to ₹12,00,000); old-regime rebate up to ₹12,500 (nil to ₹5,00,000). Surcharge and marginal relief are built in; Health & Education Cess is charged at 4%.

Full assumptions & statutory references

Surcharge

  • Individual / HUF: 10% (>₹50L), 15% (>₹1Cr), 25% (>₹2Cr); 37% (>₹5Cr) under old regime only — capped at 25% under the new regime.
  • Surcharge on income u/s 111A / 112 / 112A and dividend is capped at 15%, with marginal relief.
  • Firm / LLP: 12% if income > ₹1Cr. Company (normal): 7% (₹1–10Cr), 12% (>₹10Cr). 115BAA / 115BAB: flat 10%.

Capital gains (post 23 Jul 2024)

  • STCG u/s 111A (listed equity / equity MF, STT paid): 20%.
  • LTCG u/s 112A: 12.5% on gains exceeding ₹1,25,000 p.a. (no indexation).
  • Other LTCG u/s 112: 12.5% without indexation. The 87A rebate is not available against special-rate income.

Advance tax — FY 2026-27

  • Payable where net liability after TDS/TCS is ₹10,000 or more (Sec 404). Resident senior citizens (60+) without business income are exempt.
  • Instalments: 15% by 15 Jun, 45% by 15 Sep, 75% by 15 Dec, 100% by 15 Mar 2027 (Sec 408). Presumptive (44AD/44ADA): 100% by 15 Mar 2027.
  • Shortfall attracts interest at 1% p.m. u/s 424 / 425 (earlier 234B / 234C).
Regime Compare Advance Tax & 234 Capital Gains Ready Referencer HRA Gratuity GST Section Finder Rate Finder
Disclaimer: This calculator is a free reference tool that produces an indicative estimate based on the figures entered and the provisions cited. It may not cover every special case — set-off and carry-forward of losses, MAT/AMT, clubbing, HRA computation, relief u/s 89/90/91 and similar provisions are not exhaustively modelled. Verify against the bare Act and the latest CBDT notifications, and consult a professional before acting. In conformity with the ICAI Website Guidelines.