Income Tax Calculator (FY 2026-27)
Compute your exact income tax for FY 2026-27 under both regimes (87A rebate, standard deduction, surcharge with marginal relief, and 4% cess included), and see instantly which regime keeps more of your money.
Old-regime deductions (annual)
Not sure about HRA? Compute it in the HRA exemption calculator.
New Regime
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total tax for the year (— effective)
Old Regime
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total tax for the year (— effective)
Turn this into your personalized salary report
Full FY 2026-27 tax breakdown, New vs Old regime side by side, where every ₹100 of your CTC goes, and savings recommendations, as a designed PDF.
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FY 2026-27 slab rates at a glance
| New regime slab | Rate | Old regime slab (below 60) | Rate |
|---|---|---|---|
| Up to ₹4L | Nil | Up to ₹2.5L | Nil |
| ₹4L – ₹8L | 5% | ₹2.5L – ₹5L | 5% |
| ₹8L – ₹12L | 10% | ₹5L – ₹10L | 20% |
| ₹12L – ₹16L | 15% | Above ₹10L | 30% |
| ₹16L – ₹20L | 20% | ||
| ₹20L – ₹24L | 25% | ||
| Above ₹24L | 30% |
Plus surcharge above ₹50L taxable income and 4% cess in both regimes.
This calculator taxes your gross income directly. If you're starting from a CTC offer and want your monthly take-home (with PF, gratuity and professional tax handled), use the in-hand salary calculator instead.
Frequently asked questions
How much income is tax-free in FY 2026-27?
Under the new regime, taxable income up to ₹12 lakh attracts zero tax thanks to the Section 87A rebate. For salaried people that means a gross salary up to ₹12.75 lakh (after the ₹75,000 standard deduction) is effectively tax-free. Under the old regime, only ₹2.5 lakh is exempt (₹3L for 60–80, ₹5L for 80+), with a rebate up to ₹12,500 if taxable income stays within ₹5 lakh.
Which deductions survive in the new tax regime?
Very few: the ₹75,000 standard deduction for salaried income and the employer’s NPS contribution (80CCD(2)) are the main ones. HRA, 80C (PF, ELSS, LIC), 80D health insurance, and home-loan interest on self-occupied property are all old-regime-only.
When does the old regime beat the new regime?
Roughly when your total old-regime deductions (HRA exemption + 80C + 80D + home-loan interest + …) exceed a break-even that grows with income, typically ₹4–4.5 lakh of deductions for incomes above ₹15 lakh. Below ₹12.75 lakh gross, the new regime is almost always better because tax is already zero.
What is the surcharge on income tax?
A surcharge applies on the tax amount when taxable income crosses ₹50 lakh: 10% (₹50L–1Cr), 15% (₹1–2Cr), 25% (₹2Cr+). The old regime adds 37% above ₹5Cr; the new regime caps it at 25%. Marginal relief ensures earning ₹1 above a threshold can’t cost you more than ₹1 in tax, and this calculator applies it automatically.
Is cess charged on top of income tax?
Yes. A 4% Health & Education Cess applies on income tax plus surcharge in both regimes, for everyone. It is included in all results shown here.