An income tax calculator for India: compare your tax under the new and old regimes for FY 2026-27 and see which one saves you more.
New regime slabs (FY 2026-27)
| Taxable income | 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% |
Standard deduction ₹75,000 for salaried people. Rebate up to ₹60,000 makes tax nil up to ₹12 lakh of taxable income.
Old regime slabs (below 60)
| Taxable income | 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 basic exemption is ₹3,00,000 for ages 60–80 and ₹5,00,000 for 80+. Standard deduction is ₹50,000, and the rebate makes tax nil up to ₹5 lakh taxable income. A 4% cess applies under both regimes, and surcharge applies above ₹50 lakh.
Estimates for resident individuals with salary and other slab-rate income. Capital gains and other special-rate income are not included. Verify with a tax professional before filing.
Taxed somewhere else? Use the UK, US or Canada tax calculator.
Frequently asked questions
Is income up to ₹12 lakh tax-free in FY 2026-27?
Under the new regime, yes. The Section 87A rebate makes tax zero when taxable income is up to ₹12,00,000. With the ₹75,000 standard deduction, a salary of up to ₹12,75,000 pays no tax. Income taxed at special rates, such as capital gains, is not covered by this rebate.
Did Budget 2026 change the tax slabs?
No. Budget 2026 kept the FY 2025-26 slabs, rebate, standard deduction, surcharge and cess unchanged for FY 2026-27. From 1 April 2026 the rules sit under the new Income-tax Act, 2025.
Which regime should I choose?
The new regime has lower rates but almost no deductions. The old regime can win if you claim large deductions such as 80C, 80D, HRA and home loan interest. Enter your numbers above: the calculator compares both and shows the saving.
What is marginal relief?
If your income is just above a threshold (₹12 lakh for the rebate, or ₹50 lakh / ₹1 crore for surcharge), marginal relief ensures the extra tax is never more than the extra income. The calculator applies it automatically.