Income Tax Calculator
New vs old regime for tax year 2026-27 (FY 2026-27). Change any figure and the results update instantly.
This calculator gives an estimate for planning only. Actual amounts depend on your full facts and the law in force. For advice on your situation, talk to us.
How the calculation works
From 1 April 2026 the Income-tax Act, 2025 replaces the 1961 Act, and the financial year is now called the tax year. The slab rates for tax year 2026-27 are the same as last year.
| New regime (default) | 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% |
| Old regime (below 60) | 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% |
Nil limit is ₹3,00,000 for ages 60–79 and ₹5,00,000 for 80 and above.
- Standard deduction: ₹75,000 in the new regime and ₹50,000 in the old regime, for salaried employees and pensioners.
- Rebate: in the new regime, no tax is payable if taxable income is up to ₹12,00,000 (rebate up to ₹60,000), with marginal relief just above that level. With the standard deduction, salary up to ₹12,75,000 is tax-free. In the old regime the rebate is up to ₹12,500 for income up to ₹5,00,000.
- Surcharge: 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, and 37% above ₹5 crore in the old regime only (the new regime is capped at 25%). Marginal relief applies.
- Cess: 4% health and education cess on tax plus surcharge.
This calculator treats all income as normal slab income. Capital gains, lottery winnings and other special-rate income are taxed differently and are not included.
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