Income Tax Calculator FY 2026-27
Compare your tax under the new and the old regime for FY 2026-27, with the rebate, surcharge and cess worked out. Updated for Budget 2026, which left every rate unchanged, so FY 2025-26 is taxed the same way.
For the year, before tax, including HRA (its exempt part goes further down).
Interest, rent after its 30% deduction, and anything else taxed at the normal rates.
Allowed under both regimes: up to 14% of basic pay under the new, 10% under the old.
Deductions, old regime only
Counted up to ₹1,50,000.
What you can claim: up to ₹25,000 for yourself and family (₹50,000 if you are 60 or older), plus up to ₹25,000 for your parents (₹50,000 if they are 60 or older).
Counted up to ₹2,00,000.
Counted up to ₹50,000.
The part of your house rent allowance that is exempt.
Education-loan interest, donations, savings-account interest and the like.
| New regime | Old regime | |
|---|---|---|
| Income | — | — |
| Standard deduction | — | — |
| Other deductions | — | — |
| Taxable income | — | — |
| Tax on the slabs | — | — |
| Rebate | — | — |
| Surcharge | — | — |
| Health and education cess, 4% | — | — |
| Tax to pay | — | — |
| Each month | — | — |
| Share of income | — | — |
For resident individuals. Taxable income and the tax are rounded to the nearest ₹10, as the law requires.
New regime slabs, FY 2026-27
The same for every age. Salaried people and pensioners deduct ₹75,000 first.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
A rebate of up to ₹60,000 means no tax at all on a taxable income up to ₹12,00,000, which is ₹12,75,000 of salary. Just above ₹12 lakh the tax is never more than the income above ₹12 lakh, so earning a little more never leaves you with less.
Old regime slabs, FY 2026-27
| Taxable income | Below 60 | 60 to 79 | 80 or older |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 to ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 to ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 to ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
The standard deduction is ₹50,000, and a rebate of up to ₹12,500 means no tax on a taxable income up to ₹5,00,000. The old regime allows the deductions in the form, which is why it can still come out lower for someone with a large home loan and full investments.
Surcharge and cess
Above ₹50 lakh a surcharge is added to the tax: 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, and under the old regime 37% above ₹5 crore (the new regime stops at 25%). Crossing a step never costs more than the income above it; the calculator applies that relief. A health and education cess of 4% is then added to the tax and surcharge.
What this calculator leaves out
Capital gains taxed at their own rates (shares, mutual funds, property), lottery winnings, agricultural income and the rules for non-residents are not included, and the rebate does not reduce tax on those. The rates are those of Budget 2026, unchanged from FY 2025-26, under the Income-tax Act 2025 that took effect on 1 April 2026. Use it to compare and to plan; your return or a tax professional has the final word.
Frequently asked questions
How much salary is tax-free in FY 2026-27?
Under the new regime, up to ₹12,75,000 of salary: the ₹75,000 standard deduction brings it to ₹12,00,000 of taxable income, and the rebate covers the tax on that.
Which regime should I choose?
The one with the lower tax, which the calculator shows. The new regime usually wins unless your deductions are large: a home loan, full investments under 80C, health insurance and NPS together.
Did Budget 2026 change the tax slabs?
No. Budget 2026 left the slabs, the rebate, the standard deduction, the surcharge and the cess as they were in FY 2025-26, so this calculator works for both years.
Why is my tax slightly different from my salary slip?
Your employer may spread the tax differently over the months, count allowances or deductions differently, or include capital gains or other income this calculator leaves out. The yearly total should be close if the figures you type are the same.
Is my income sent anywhere?
No. The calculation happens in JavaScript inside your own browser. Nothing you type is uploaded or saved - close the tab and it is gone.