Income Tax Calculator (FY 2026-27)

FY 2026-27 · AY 2027-28 · Verified

Income Tax Calculator (India)

Calculate your income tax under both the new and old regimes. Includes correct slabs, Section 87A rebate, surcharge tiers with marginal relief, and 4% Health & Education Cess. Side-by-side comparison helps you pick the better regime.

Your income
salary + other income
₹
Old regime deductions (only used for old regime)
capped at ₹1.5L
₹
capped at ₹1L total
₹
salaried only, computed elsewhere
₹
capped at ₹2L self-occupied
₹
capped at ₹50K extra
₹
total amount
₹

Source & methodology. Slabs verified for FY 2026-27 (AY 2027-28) per Budget 2026 (which retained Budget 2025 structure): New regime uses ₹4L/8L/12L/16L/20L/24L slabs at 0%/5%/10%/15%/20%/25%/30%, with ₹60,000 rebate u/s 87A making income up to ₹12L tax-free. Old regime: ₹2.5L/5L/10L slabs at 0%/5%/20%/30%, with ₹12,500 rebate u/s 87A up to ₹5L. Standard deduction: ₹75,000 (new) / ₹50,000 (old) for salaried. Surcharge: 10% above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (capped at 25% under new regime, 37% above ₹5Cr under old regime). Marginal relief on both 87A and surcharge thresholds applied. 4% Health & Education Cess on (tax + surcharge). This is a planning aid; consult a CA for filing.