Use annual figures
Include salary, interest and other taxable income expected during the full financial year.
Money Tools · Taxation
Income Tax Calculator FY 2026‑27 (AY 2027‑28)
Compare your income tax liability under the new regime and the old regime side by side, and instantly see which one saves you more this financial year.
Income details
Applied only to the old regime — includes 80C, 80D, HRA, home loan interest etc.
Tax
Ledger
Ledger
Entry No. 01 — Recommended regime
New Regime
saves you ₹0 vs the other regime
Tax under New Regime₹0
Tax under Old Regime₹0
Effective tax rate (New)0%
Effective tax rate (Old)0%
Includes 4% Health & Education Cess. Surcharge above ₹50L income not included — this is an estimate, not a tax filing.
Choose with context
How to compare old and new tax regimes
The lower-tax regime depends on your income mix and the deductions or exemptions you can actually claim. The new regime offers revised slab rates with fewer deductions, while the old regime may remain relevant for taxpayers with eligible investments, insurance, housing benefits and other permitted claims.
Enter real deductions
Do not select investments solely for a tax benefit; include only eligible amounts you genuinely expect to claim.
Review every year
A salary revision, home loan, rent change or maturing investment can change which regime is more efficient.
The result is an estimate and does not cover every special-rate income, surcharge situation, capital gain or business-income rule. Use it as a comparison starting point and verify complex returns with official guidance or a qualified tax professional.
How it works
How to use the income tax calculator
Enter your gross annual income
Include salary, freelance or business income, and any other taxable income sources.
Confirm if you're salaried
Salaried taxpayers get a standard deduction — ₹75,000 under the new regime, ₹50,000 under the old regime.
Enter old-regime deductions
Add up your Section 80C (₹1.5L cap), 80D, HRA exemption and home loan interest to see the old regime's real benefit.
Compare the two regimes
The ledger shows tax payable under both regimes, plus the effective tax rate, so you can pick the cheaper option.
Understanding the regimes
New tax regime slabs — FY 2026-27
| Income slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
A Section 87A rebate of up to ₹60,000 makes tax payable zero for taxable income up to ₹12 lakh under the new regime. With the ₹75,000 standard deduction added on top, salaried individuals earning up to roughly ₹12.75 lakh gross pay no income tax at all.
Old tax regime slabs
| Income slab | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
The old regime allows deductions the new regime doesn't — Section 80C (up to ₹1.5 lakh), 80D health insurance, HRA exemption, and home loan interest under Section 24. A ₹50,000 standard deduction applies for salaried taxpayers, and a Section 87A rebate makes tax nil for taxable income up to ₹5 lakh.
FAQ
Frequently asked questions
What are the new tax regime slabs for FY 2026-27?
Up to ₹4L nil, ₹4-8L at 5%, ₹8-12L at 10%, ₹12-16L at 15%, ₹16-20L at 20%, ₹20-24L at 25%, above ₹24L at 30% — unchanged from FY 2025-26.
Is there a tax rebate under the new regime?
Yes — Section 87A gives a rebate of up to ₹60,000, making tax payable zero for taxable income up to ₹12 lakh. With the ₹75,000 standard deduction, salaried income up to ~₹12.75L can be tax-free.
Which regime should I choose?
If your eligible deductions (80C, 80D, HRA, home loan interest) are large — often above ₹3.5-4 lakh — the old regime may cost less. With fewer deductions, the new regime's lower rates usually win.
What deductions apply under the old regime?
Section 80C up to ₹1.5 lakh, Section 80D health insurance, HRA exemption, home loan interest under Section 24, and a ₹50,000 standard deduction for salaried taxpayers.
Does this include surcharge and cess?
4% Health & Education Cess is included. Surcharge, which applies only above ₹50 lakh taxable income, is not included — consult a tax professional at that income level.
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