Free calculator
Income tax calculator, FY 2026-27
Compare your tax under the new and the old regime for the year 1 April 2026 to 31 March 2027, for salaried people and other income.
verifiedRates as of 11 November 2026
You pay less with
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New regimeLower tax
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Old regimeLower tax
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How the tax is worked out
Tax slab by slab
Estimate only. Results are for planning and learning. They are not tax, legal or financial advice. Rules have conditions this page can not check. Please confirm with a chartered accountant, your bank or the official website before you decide. Rates as of 11 November 2026.
Income tax slabs for FY 2026-27
The Income-tax Act, 2025 came into force on 1 April 2026, so this year is called "tax year 2026-27". Budget 2026 kept the same slabs. The new regime is the default. Salaried people can pick the old regime each year when they file their return; people with business income can switch back to it only once.
New regime (section 202)
| Total income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction for salary: ₹75,000. A rebate makes the tax nil up to ₹12,00,000 of total income (₹12,75,000 of salary). Just above ₹12 lakh, marginal relief keeps the tax no higher than the income above ₹12 lakh; this ends at ₹12,70,588.
Old regime
| Total income | Below 60 | 60 to 79 | 80 and over |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 to ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 to ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 to ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
Standard deduction for salary: ₹50,000. Rebate up to ₹12,500 makes the tax nil when total income is up to ₹5,00,000.
Surcharge and cess
Surcharge is added to the tax when total income is above ₹50 lakh (10%), ₹1 crore (15%) and ₹2 crore (25%). In the old regime it goes to 37% above ₹5 crore; the new regime stops at 25%. Marginal relief is applied at each step. Then 4% health and education cess is added on the tax plus surcharge.
What this calculator does not cover
- Capital gains, lottery and other income taxed at special rates.
- Employer NPS contributions, agricultural income, losses carried forward and non-residents.
- Firms, companies and HUFs.
Source: Income Tax Department, FAQs on Budget 2026 (rates of income tax). Rates as of 11 November 2026.
Questions
Which regime is better for me?expand_more
If your deductions (80C, HRA, health insurance, home loan interest) are large, the old regime can win. Otherwise the new regime usually gives lower tax. The calculator shows both so you can compare.
Is income up to ₹12 lakh tax-free?expand_more
In the new regime, yes, through the rebate, if your total income after the standard deduction is ₹12 lakh or less and none of it is taxed at a special rate (such as capital gains). For salaried people that means a salary up to ₹12.75 lakh.
Why is my tax just above ₹12 lakh so small?expand_more
Marginal relief: if your income is a little above ₹12 lakh, your tax can not be more than the amount above ₹12 lakh. For ₹12,10,000 the tax is ₹10,000 plus cess.
Is the tax rounded?expand_more
Yes. Taxable income is rounded to the nearest ₹10, as the law requires. The total shown is rounded to the nearest rupee.