Interactive Indian Tax & Financial Calculators (AY 2026-27)
Statutory algorithms calibrated with latest provisions for Assessment Year 2026-27 (FY 2025-26 & FY 2026-27). Seamlessly simulate Old vs New Regimes with the ₹75,000 standard deduction, plan quarterly Advance Tax, evaluate Freelancer 44ADA 50% presumptive relief, and split GST.
Interactive Tax & Financial Calculators
Accurate, real-time calculations updated with the latest provisions for Assessment Year 2026-27 (FY 2025-26 & FY 2026-27).
Annual Income & Deductions (AY 2026-27)
Tax Computation Comparison (AY 2026-27)
| Taxable Income (New Regime) | ₹0 |
| Taxable Income (Old Regime) | ₹0 |
| Total Deductions Claimed (New) | ₹75,000 |
| Total Deductions Claimed (Old) | ₹0 |
Advance Tax Instalment Calculator (FY 2026-27)
Required if your net annual income tax liability exceeds ₹10,000. Avoid 1% monthly penal interest under Section 234B & 234C.
⚠️ Section 234C Penalty Rule
Failure to pay quarterly installments on or before statutory due dates triggers mandatory 1% simple interest per month on the shortfall amount.
Quarterly Payment Schedule (FY 2026-27)
Freelancer / Professional 44ADA Presumptive Tax
For Software Consultants, Doctors, Architects, Lawyers & Designers with gross receipts up to ₹75 Lakhs.
Section 44ADA Benefits Summary
| Presumed Taxable Profit (50% u/s 44ADA) | ₹0 |
| Actual Taxable Profit | ₹0 |
Calculate Goods & Services Tax (GST 2026)
GST Tax Breakup (2026)
| Net / Base Amount | ₹50,000 |
| Total GST Tax Amount | ₹9,000 |
| Total Final Invoice Amount | ₹59,000 |
| CGST (Central GST) | ₹4,500 |
| SGST (State GST) | ₹4,500 |
| IGST (Interstate Supply) | ₹9,000 |
House Rent Allowance (HRA) Exemption Sec 10(13A)
HRA Exemption Summary (AY 2026-27)
| 1. Actual HRA Received | ₹0 |
| 2. Rent Paid - 10% of Salary | ₹0 |
| 3. 50% / 40% of Salary | ₹0 |
Key Tax Provisions & Eligibility Guidelines (AY 2026-27)
Everything you need to know about the Indian Income Tax changes, filing thresholds, and compliance safeguards.
⚡ What changed in the New Tax Regime for AY 2026-27?
The Standard Deduction for salaried employees under the New Regime (Sec 115BAC) is ₹75,000 (up from ₹50,000). Taxable income up to ₹7,00,000 continues to enjoy a full Section 87A tax rebate, meaning zero net tax liability for salaried individuals with gross income up to ₹7.75 Lakhs under the New Regime.
📅 Who is required to pay Advance Tax for FY 2026-27?
Under Section 208, any taxpayer whose estimated net tax liability after TDS/TCS exceeds ₹10,000 must pay advance tax in 4 quarterly installments: 15% by 15th June, 45% by 15th Sept, 75% by 15th Dec, and 100% by 15th March. Failure attracts mandatory 1% monthly interest under Section 234B & 234C.
💼 Who can opt for Freelancer Section 44ADA?
Section 44ADA applies to specified resident professionals—including software consultants, web developers, doctors, lawyers, interior designers, and architects—with gross receipts up to ₹75 Lakhs (provided cash receipts do not exceed 5%). You declare flat 50% as taxable profit, saving yourself from maintaining books of accounts and statutory tax audits.
🏠 How is HRA Exemption calculated under Section 10(13A)?
Exempt HRA is the minimum of three statutory conditions: (1) Actual HRA received from employer, (2) Actual rent paid minus 10% of basic salary + DA, or (3) 50% of salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) or 40% of salary for non-metro cities. Note: HRA exemption is available only under the Old Tax Regime.
Need CA Pradeep Kumar Agrawal to Optimize Your Taxes?
Self-calculations are great for estimation, but complex scenarios like RSUs/ESOPs, capital gains, foreign assets, and 44ADA balance sheets require licensed CA precision. Get your computation verified before filing.