Income Tax Calculator FY 2026-27
Compare your tax under the old and new regimes for FY 2026-27 (AY 2027-28) and see which one costs less.
New regime slabs — FY 2026-27 (AY 2027-28)
Budget 2026 kept the slabs unchanged. The new regime is the default; income up to ₹12 lakh is effectively tax-free thanks to the Section 87A rebate, and salaried people also get a ₹75,000 standard deduction.
| Taxable income | Rate |
|---|---|
| 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% |
| Above ₹24 lakh | 30% |
Old regime
The old regime keeps higher rates but lets you claim deductions — 80C (up to ₹1.5 lakh), 80D, HRA, home-loan interest and more. Put your total expected deductions in the field above; the calculator subtracts them before applying the old slabs (nil up to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above), with the ₹12,500 rebate up to ₹5 lakh taxable.
Note: both figures include 4% health & education cess and basic surcharge. This is an estimate for planning — for high incomes near surcharge thresholds, and for your exact deductions, check the official calculator at incometax.gov.in before filing.