Income tax calculator for FY 2026-27 (tax year 2026-27)
Enter your yearly salary or pension and any other income to compare your tax under the new and old regimes for the tax year 1 April 2026 to 31 March 2027, under the Income-tax Act, 2025. The rates were checked against the Act and the Finance Act, 2026.
Everything runs on your device. Nothing you add or type is sent to any server.
How to use it
- 01
Enter your gross salary or pension for the year, before the standard deduction.
- 02
Add other income taxed at slab rates, such as FD interest. For the old regime, enter your total deductions and pick your age group.
- 03
Compare both regimes line by line to see which is lower.
New regime rates (section 202)
The new regime is the default. Taxable income up to ₹4,00,000 is nil, then 5 % up to ₹8,00,000, 10 % up to ₹12,00,000, 15 % up to ₹16,00,000, 20 % up to ₹20,00,000, 25 % up to ₹24,00,000 and 30 % above. Salaried people and pensioners get a standard deduction of up to ₹75,000. If taxable income is ₹12,00,000 or less, a rebate of up to ₹60,000 wipes out the tax. Just above ₹12 lakh, marginal relief means the tax can't be more than the income above ₹12 lakh.
Worked examples: a salary of ₹12,75,000 leaves ₹12,00,000 taxable, so the tax is nil. A salary of ₹13,00,000 leaves ₹12,25,000 taxable. The slab tax is ₹63,750, but marginal relief caps it at ₹25,000, and with 4 % cess you pay ₹26,000.
Old regime, surcharge and cess
Under the old regime, the standard deduction is up to ₹50,000, and you can claim the other deductions the old regime allows. Below age 60, income up to ₹2,50,000 is nil, then 5 % up to ₹5,00,000, 20 % up to ₹10,00,000 and 30 % above. For residents aged 60 to 79 the nil band goes up to ₹3,00,000, and from 80 up to ₹5,00,000. A rebate of up to ₹12,500 applies when taxable income is ₹5,00,000 or less.
Surcharge is 10 % above ₹50 lakh, 15 % above ₹1 crore and 25 % above ₹2 crore. In the old regime it is 37 % above ₹5 crore. Marginal relief applies at each threshold. Health and Education Cess of 4 % is added on the tax plus surcharge. The Finance Act, 2026 did not change these rates.
What this calculator does not cover
It covers resident individuals with income taxed at slab rates only. Capital gains and other special-rate income, agricultural income, family pension, TDS and advance tax are not included. It is an estimate, not tax advice, so check with a tax professional before you file.
Frequently asked questions
Which deductions can I enter in the old regime?
Enter the total deductions you are entitled to, such as eligible savings and insurance. The calculator does not check their limits, so use the amounts you are sure about.
Does my age change the new regime tax?
No. The new regime has one set of slabs for everyone. Age only changes the old regime slabs.
Is anything I type saved?
No. It all runs in your browser.