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Income Tax Calculator FY 2026-27

Calculate your income tax for FY 2026-27 (AY 2027-28) under both the new and old regime, side by side, for salaried income. This calculator applies the slabs, the s.157 rebate (up to ₹60,000 for taxable income up to ₹12 lakh in the new regime) and 4% cess entirely in your browser — the dated slab table sits right on this page, with a clear note to verify against the current Finance Act.

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Interest, rent or any other income taxed at slab rate.

Work it out on our HRA calculator, then enter the exempt amount here.

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New regime

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  • Rebate applied{{ inr(result.newRegime.rebate) }}
  • Cess (4%){{ inr(result.newRegime.cess) }}

Marginal relief applied — tax is capped at the income exceeding the rebate threshold.

Old regime

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  • Tax before cess{{ inr(result.oldRegime.tax) }}
  • Rebate applied{{ inr(result.oldRegime.rebate) }}
  • Cess (4%){{ inr(result.oldRegime.cess) }}
New regime slab-wise breakup
Band Rate Tax
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Salaried income only (no capital gains or special-rate income). Slabs, rebate and cess are for FY {{ fy }} (AY {{ ay }}) — verify against the current Finance Act or your Form 16 before filing.

How to use this tool

  1. Enter your annual salary and other income

    Gross salary before any deductions, plus any other taxable income like interest.

  2. Add old-regime deductions if you have them

    Open the deductions panel for 80C, 80D, HRA exemption, home loan interest and NPS 80CCD(1B) — these apply only under the old regime.

  3. Compare total tax under both regimes

    The winner banner and the slab-wise breakup update instantly as you change any number.

Questions people ask

What are the new regime tax slabs for FY 2026-27?

0–4L: nil, 4–8L: 5%, 8–12L: 10%, 12–16L: 15%, 16–20L: 20%, 20–24L: 25%, above 24L: 30% — plus 4% cess on the tax. These figures are shown here as verified in August 2026; always check the current Finance Act before filing.

Is income up to ₹12.75 lakh really tax-free under the new regime?

Yes, for a salaried taxpayer with no other deductions: the ₹75,000 standard deduction brings a ₹12.75 lakh salary down to ₹12 lakh taxable income, and the ₹60,000 rebate (available up to that exact threshold) wipes the computed tax to zero.

How much tax on a ₹15 lakh salary in the new regime?

About ₹97,500 including cess, after the ₹75,000 standard deduction brings taxable income to ₹14,25,000 — this calculator shows the exact slab-wise split for your own salary figure.

Which regime is better — new or old?

The new regime wins for most salaried people without large deductions, since it has wider slabs and a bigger rebate. The old regime can win if you have substantial 80C investments, a home loan, HRA exemption and 80D insurance stacked together — enter your figures in the deductions panel and let the calculator compare.

What is marginal relief and when does it apply?

Just above the rebate threshold (₹12 lakh taxable in the new regime), the rule caps your tax at the amount your income exceeds ₹12 lakh by — so someone earning ₹12.1 lakh taxable never ends up with less take-home than someone earning exactly ₹12 lakh. This calculator applies it automatically when it kicks in.

Can I switch tax regimes every year?

Salaried taxpayers with no business income can choose their regime afresh each year while filing their return — there is no lock-in. Those with business or professional income face restrictions on switching back to the old regime after opting for the new one.

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