Income Tax Calculator for FY 2025‑26 ITR 2

Only New Tax Regime is supported. Refreshing the page clears the form data.

Skip Calculation of Interest on Tax Under Section 234B and 234C

Select Assessment Year: Select AY 2026-27 (FY 2025-26)

Select Assessment Date:

Salary and House Rent Other Sources Capital Gains Tax Payments Tax Computation Final Tax Statistics Refund

Income From Salary and House Rent

TDS total (₹):

Enter Your Salary: *

Allowance Exempt Under Section 10 *

Income From rent

To adjust the house rent income, kindly update the gross rent received and the municipal taxes accordingly.

Gross rent received

Municipal taxes paid on rented property

Net Annual Value (rented property income)

Total Income Of House Property *

Income from other sources

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Total Income From Other Sources:

Income from other sources

Description	Amount

Select Description * Select Other Source of Income Interest From Fixed Deposit Interest From Savings Account

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Capital Gains

Learn more about Capital Gains

Learn more about how Capital Gains are taxed in India.

Learn more about exemptions against capital gains.

Learn how to maximize your capital gains.

Asset Type Listed Equities/Equity MFs Real Estate (Property/Land) Gold/Unlisted Shares Debt Mutual Funds

Holding Period Short Term (STCG) Long Term (LTCG)

Use Indexation

What is Indexation?

Purchase Year (CII) (Only for LTCG for Real Estate)

Indexation only available for property bought before 23-July-2024.

Your Income Tax Slab (%)

For STCG (non-equity) and Debt Funds, gains are taxed at your slab rate.

Purchase Price (₹)

Sale Price (₹)

Tax Payments

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Total Tax Paid:

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Self-Assessment Or Advance Taxes Paid

Sr. No. of Challan	Date	BSR code	Amount

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BSR Code:

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Tax Computation

Income and deductions

Gross Salary Income (₹): - Effective Standard Deduction (₹): + Income From Business Or Profession (₹): + Income From Other Sources (₹): + Income From House Property (₹): + Capital Gain (₹): = Gross Total Income (₹) (Before deductions): = Total Income (₹) (rounded as per IT rules):

= Total Income Including Capital Gains(₹) (rounded as per IT rules):

Tax Calculation

Net Tax Payable (₹): =Tax Payable (₹): -Rebate (₹): +Cess (₹): Interest u/s sec234B (₹): Interest u/s sec234C (₹): Total tax with interest applied under relevant sections(₹):

Under Section 234C, although advance tax instalments are required to be 15% and 45% by 15 June and 15 September respectively, interest for deferment is not levied if the taxpayer has paid at least 12% and 36% of the assessed tax by those dates. The balance can be paid in subsequent instalments according to the prescribed schedule.

While many Interest calculators for section 234B and 234C omit these amendments, we incorporate it to ensure precise results.

Calculation Of Interest Under Section 234C

Due on	Paid Until this date (i.e. cumulative)	Required	ShortFall	Interest (cumulative)

This calculator shows a tabular view of how interest under section 234C flows from one installment to the next and shows a final amount of interest levied under that section. This feature differentiates our calculator.

Total Standard Deduction Allowed (₹):

Final Tax Statistics

Total TDS:

Total Tax paid:

Total taxes paid including TDS:

Total tax with interest payable:

Total Balance tax payable:

Total Refund Due:

Refund

Refund Due * (INR)

Clear the form Calculate Tax Export to PDF

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ITR 2 Calculator – Smart Tax Estimator for Salary, Other Income & Capital Gains

The ITR 2 form is designed for individuals with more than just basic salary income. If you earn from investments, hold multiple assets, or report capital gains, estimating your tax liability can get complicated. Our ITR 2 Calculator simplifies this process by giving you a clear, structured tax estimate based on your salary, income from other sources, and capital gains—all in one place.

What Does the ITR 2 Calculator Do?

This calculator helps you compute your total taxable income and estimated tax liability under the latest income tax rules. It is ideal for taxpayers who:

• Earn a salary or pension
• Receive interest, dividends, or other taxable income
• Have short term or long term capital gains from equity, mutual funds, or property
• Own multiple house properties
• Do not have business or professional income

The tool gives you a structured breakdown so you can understand how each income source contributes to your final tax figure.

How to Use the ITR 2 Calculator?

The calculator is designed for quick, accurate data entry. Just fill in the relevant fields:

Salary Income

Enter your:

• Basic salary
• Standard deduction (auto applied)

The calculator computes your taxable salary after permitted deductions.

Income From Other Sources

Add any income such as:

• Savings account interest
• Fixed deposit interest

These are automatically added to your gross total income. Other sources will be supported in later versions of this calculator.

Capital Gains

Provide details of:

• STCG: Equity, Gold, Real estate and Debut funds (Short Term capital gain)
• LTCG: Equity, Gold, Real estate and Debut funds (Long Term capital gain)

The calculator applies the correct tax rate for each category and shows a clean summary.

Example 1 of Computation of Income tax for FY 2025-26 with Salary and Capital Gains (STCG on listed equity)

For a Gross Salary of ₹13,47,727 and listed equity Short-Term Capital Gains (STCG) of ₹10,000 in FY 2025-26, your total tax liability is ₹75,830 under the New Tax Regime. This salary represents the precise break-even point where the benefit of Marginal Relief ends and normal slab rates apply. At this level, the tax on your salary is exactly ₹70,909, while your capital gains attract a flat 20% tax.

Detailed Tax Calculation (FY 2025-26)

Example 2 of Computation of Income tax for FY 2025-26 with Salary and Capital Gains (STCG on listed equity)

For a Gross Salary of ₹12,65,000 and listed equity Short-Term Capital Gains (STCG) of ₹10,000 in FY 2025-26, your total tax liability is ₹2,080 under the New Tax Regime. This salary represents the precise break-even point where the benefit of Marginal Relief ends and normal slab rates apply. At this level, the tax on your salary is exactly ₹0 (rebated off), while your capital gains attract a flat 20% tax.

Detailed Tax Calculation (FY 2025-26)

Example 3 of Computation of Income tax for FY 2025-26 with Salary and Capital Gains (STCG on listed equity)

For a Gross Salary of ₹12,85,000 and listed equity Short-Term Capital Gains (STCG) of ₹10,000 in FY 2025-26, your total tax liability is ₹12,480 under the New Tax Regime. This salary represents the precise break-even point where the benefit of Marginal Relief ends and normal slab rates apply. At this level, the tax on your salary is exactly ₹61,500. Marginal relief of ₹51,500 is applied which makes the salary tax ₹10,000. The capital gains attract a flat 20% tax.

Detailed Tax Calculation (FY 2025-26)

Key Takeaways From Calculation Examples

• Marginal Relief Transition: Below this salary level, the Section 87A Marginal Relief ensures you only pay tax on the portion of salary exceeding ₹12 lakh. At exactly ₹12,72,727 (net), the standard slab tax (₹70,909) becomes the same as the excess income above ₹12 lakh. Any further increase in salary is taxed strictly as per the 15% slab.
• STCG Limitation: The tax on Short-Term Capital Gains (20%) is calculated independently. Unlike regular income, Section 87A rebate cannot be used to offset tax on STCG under Section 111A.
• Filing Requirements: Since you have capital gains, you cannot use ITR-1 (Sahaj). You must use ITR-2 to file your returns for the year.

Indexation

Indexation for capital gain is a tax mechanism that adjusts the purchase price of long-term assets for inflation using the Cost Inflation Index (CII), reducing the taxable gain. Following the 2024 budget, indexation benefits are removed for most assets, with a 12.5% tax rate applied to long-term gains, except for properties bought before July 23, 2024, which may still use this method.

Key Aspects of Indexation

• Purpose: To prevent paying tax on gains caused merely by inflation rather than real appreciation.
• Application: Generally applicable to long-term capital assets like immovable property (held >24 months) and debt instruments.
• Calculation: $$\mathrm{Indexed\; cost}=\mathrm{Original\; cost}\cdot \left(\frac{\mathrm{CII\; of\; Sale\; year}}{\mathrm{CII\; of\; Purchase\; year}}\right)$$
• CII Values: The CBDT sets these values yearly (e.g., 363 for FY 24-25, e.g., 376 for FY 25-26).

Recent Changes (Budget 2024)

• Removal of Indexation: For assets acquired after July 23, 2024, indexation is generally removed, and long-term capital gains (LTCG) are taxed at 12.5%.
• Grandfathering Clause: For real estate purchased before July 23, 2024, taxpayers may choose between 12.5% without indexation or 20% with indexation.
• Debt Funds: Long-term capital gains on debt mutual funds are now taxed at slab rates without indexation benefits.

More on Capital Gains in India

Capital gain in India is the profit earned from transferring or selling a capital asset—such as stocks, mutual funds, or real estate—that exceeds its original purchase price. It is taxable under the Income Tax Act in the year the transfer occurs. These gains are categorized as either Short-Term Capital Gains (STCG) or Long-Term Capital Gains (LTCG), depending on the holding period of the asset.

Key Aspects of Capital Gains in India

• Definition: Profit realized = Sale Price - (Purchase Price + Transfer Expenses).
• Asset Types: Includes, but is not limited to, land, buildings, equity shares, bonds, and jewellery.
• Types of Capital Gains:
  • Short-Term Capital Gains (STCG): Profits from assets held for a shorter duration (generally <= 12 or 24 months depending on asset type).
  • Long-Term Capital Gains (LTCG): Profits from assets held for a longer duration (generally > 12 or 24 months).
• Tax Rates (Budget 2024/2025 Updates):
  • LTCG: Generally taxed at 12.5% for equity (above ₹1.25L), mutual funds, and other assets. For Debt Mutual Funds, the gain is added to slab income
  • STCG: Generally taxed at 20% for equity. Gains for other asset types is added to slab income.
• Indexation: Long-term capital gains on certain assets were previously adjusted for inflation, but indexation benefits have been removed for some, with tax rates adjusted to 12.5%.
• Exemptions: Sections 54, 54F, and 54EC of the Income Tax Act allow for exemptions from capital gains tax if the profits are reinvested in specific assets, such as a new residential house or specified bonds.

  Navigate to learn further details on exemptions against capital gains.

Key Highlights of This ITR 2 Calculator

• User friendly input fields for salary, other income, and capital gains
• Accurate capital gains categorization with correct tax treatment
• Instant tax computation with a detailed breakdown
• Export to PDF for simpler sharing of your tax computation
• No login or personal data required

Why This Calculator Helps You File Better?

• Understand your tax payable or refund position before filing
• Avoid surprises related to advance tax or interest under Sections 234B/234C
• Reduce errors while preparing your ITR 2
• Get clarity even if you have multiple income streams

Start Your ITR 2 Tax Estimation

Enter your salary, income from other sources, and capital gains to get a precise tax estimate in minutes. Whether you’re a salaried professional, an investor, or someone with diverse income sources, this calculator helps you approach tax filing with confidence and clarity.

Disclaimer: This calculator offers reliable and thorough results; however, it is recommended to consult a qualified taxation professional or Chartered Accountant for assistance with income tax return filing. The official portal of the Income Tax Department also provides accurate tax calculation tools and e-filing services. You are encouraged to visit the government website for further information.