How the Income Tax Calculator FY 2026-27 works
Compare tax under the new regime (default) and the old regime for FY 2026-27 (AY 2027-28). New regime slabs: up to ₹4 lakh nil; ₹4–8 lakh 5%; ₹8–12 lakh 10%; ₹12–16 lakh 15%; ₹16–20 lakh 20%; ₹20–24 lakh 25%; above ₹24 lakh 30%. Salaried taxpayers get a ₹75,000 standard deduction, and the Section 87A rebate makes tax nil up to ₹12 lakh taxable income (with marginal relief just above).
Old regime: up to ₹2.5 lakh nil (₹3 lakh for 60–80, ₹5 lakh for 80+); ₹2.5–5 lakh 5%; ₹5–10 lakh 20%; above ₹10 lakh 30%; ₹50,000 standard deduction; rebate up to ₹5 lakh taxable income. 4% health & education cess applies in both. Surcharge on incomes above ₹50 lakh is included.
This is an estimate for planning. Consult a tax professional for filing.