Income Tax Calculator India FY 2026-27 (New vs Old Regime)
Enter your income and deductions to see which tax regime saves you more this year.
How to use: Type your annual salary and any deductions (80C, 80D, HRA, home loan). Both regimes are calculated instantly and the cheaper one is highlighted.
How to use the India Income Tax Calculator
Enter your yearly salary or pension and any other taxable income. Tick “Salaried” to apply the standard deduction: ₹75,000 in the new regime and ₹50,000 in the old one. Deductions such as 80C, 80D, HRA and home-loan interest only count in the old regime, so fill them in to see whether claiming them beats the lower new-regime rates.
New regime slabs (FY 2026-27, unchanged by Budget 2026): up to ₹4 lakh nil, ₹4–8 lakh 5%, ₹8–12 lakh 10%, ₹12–16 lakh 15%, ₹16–20 lakh 20%, ₹20–24 lakh 25% and above ₹24 lakh 30%. The 87A rebate makes taxable income up to ₹12 lakh tax-free, with marginal relief just above it. Old regime: ₹2.5 lakh nil (₹3 lakh for 60+, ₹5 lakh for 80+), 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above, with a rebate up to ₹5 lakh. Surcharge applies above ₹50 lakh, and 4% cess is added to all tax.
Worked example: a ₹15 lakh salary. New regime: taxable ₹14.25 lakh, tax ₹93,750 plus cess = ₹97,500. Old regime with ₹1.5 lakh 80C and ₹25,000 80D: taxable ₹12.75 lakh, tax ₹1,95,000 plus cess = ₹2,02,800. The new regime saves ₹1,05,300.
This is an estimate, not tax advice. Always confirm with the official calculator on incometax.gov.in. Updated October 2026.
Frequently asked questions
Is income up to ₹12 lakh tax-free in FY 2026-27?
Yes, under the new regime the 87A rebate removes tax on taxable income up to ₹12 lakh. For salaried people that means a salary of about ₹12.75 lakh after the ₹75,000 standard deduction.
Which regime is better for me?
The new regime usually wins unless your old-regime deductions (80C, 80D, HRA, home loan) add up to roughly ₹4–5 lakh or more. The calculator compares both for your numbers.
Does this include cess and surcharge?
Yes. It adds 4% health and education cess and surcharge above ₹50 lakh. It does not apply surcharge marginal relief, so very high incomes may be slightly overstated.
Does it handle capital gains?
No. Capital gains, lottery and other special-rate income are taxed differently. Use the official calculator or a CA for those.
Did Budget 2026 change the slabs?
No. Budget 2026 kept the same slabs and rebate as FY 2025-26, and the new Income-tax Act 2025 took effect on 1 April 2026 without changing rates.