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Form 16 Calculator

↻ Updated FY 2026-27

Rebuild a Form 16 Part B summary from your salary details — gross salary less exemptions and deductions gives taxable income, then tax, the 87A rebate, cess and TDS to show your balance payable or refund for FY 2026-27. Everything runs in your browser.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

Gross salary

Exemptions (HRA / LTA)

Section 10 exemptions — HRA, LTA, etc.

Standard deduction

₹50,000 under the old regime

80C deductions

EPF, PPF, ELSS — capped at ₹1.5L

80D deductions

Health insurance premium

TDS deducted

Tax already deducted by employer

Balance tax payable

₹25,960

pay before filing

Taxable income

₹9,95,000

after exemptions & deductions

Total tax

₹1,15,960

TDS ₹90,000 credited

Form 16 — Part B summaryOld regime

Gross salary₹14,00,000

Less: exemptions u/s 10 (HRA/LTA)− ₹1,80,000

Net salary₹12,20,000

Less: standard deduction− ₹50,000

Less: Chapter VI-A (80C capped)− ₹1,50,000

Less: Chapter VI-A (80D)− ₹25,000

Total taxable income₹9,95,000

Tax on total income₹1,11,500

Less: Section 87A rebate− ₹0

Add: surcharge+ ₹0

Add: health & education cess (4%)+ ₹4,460

Total tax liability₹1,15,960

Less: TDS deducted− ₹90,000

Balance tax payable₹25,960

ASSUMPTIONS — FY 2026-27 (AY 2027-28), old regime. This reconstructs a Form 16 Part B: gross salary less Section 10 exemptions gives net salary, less the standard deduction and Chapter VI-A deductions (80C capped at ₹1,50,000, 80D) gives taxable income, on which tax, the 87A rebate, surcharge and 4% cess are applied. TDS is then credited to show any balance payable or refund. Estimate only — reconcile against your actual Form 16 and consult a CA.

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Sources & rate references

·Income Tax Department, India — tax slabs FY 2026-27 — New & old regime slabs, standard deduction, 87A rebate (AY 2027-28)

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.