Income tax calculator (FY 2026-27)
Find your income tax under both regimes in seconds and see which one saves you more. Updated for FY 2026-27 (AY 2027-28). Free, private (runs in your browser) — no sign-up.
Annual salary / pension (gross)
Other income (interest, rent, freelance)
Old-regime deductions (80C, 80D, HRA, home loan)
Age
New regime (default)
Lower tax
₹97,500
≈ ₹8,125/month · effective 6.5%
Gross income
₹15,00,000
Standard deduction
−₹75,000
Taxable income
₹14,25,000
Tax on slabs
₹93,750
Cess 4%
₹3,750
Old regime
₹2,10,600
≈ ₹17,550/month · effective 14.0%
Gross income
₹15,00,000
Standard deduction
−₹50,000
Deductions (80C, 80D, HRA…)
−₹1,50,000
Taxable income
₹13,00,000
Tax on slabs
₹2,02,500
Cess 4%
₹8,100
You save ₹1,13,100 a year with the new regime.
FY 2026-27 (AY 2027-28) rates for resident individuals; Budget 2026 kept the slabs unchanged. Capital gains and other special-rate income are not included. For guidance only — not tax advice.
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Is income up to ₹12 lakh tax-free in the new regime?
Yes. With the ₹60,000 rebate under section 87A, taxable income up to ₹12 lakh has zero tax in the new regime. Salaried people also get a ₹75,000 standard deduction, so a salary up to ₹12.75 lakh pays no tax.
Which regime should I choose?
If your deductions (80C, 80D, HRA, home-loan interest, NPS) are large — roughly ₹4–5 lakh or more — the old regime may still win. Otherwise the new regime usually gives lower tax. The calculator shows both side by side.
Did Budget 2026 change the slabs?
No. FY 2026-27 uses the same slabs as FY 2025-26: 0–4L nil, 4–8L 5%, 8–12L 10%, 12–16L 15%, 16–20L 20%, 20–24L 25% and above 24L 30% in the new regime.
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