Income Tax Calculator FY 2026–27
Compare the old and new tax regimes side-by-side. See your slab-by-slab tax build, surcharge, cess, and effective rate. Updated for the FY 2026-27 (AY 2027-28) slabs.
Your details
Numbers update live as you type.
Your gross taxable income before any deductions.
Affects only the old regime's basic exemption limit.
EPF, ELSS, PPF, life insurance, ULIP, etc. Capped at ₹1,50,000.
₹25k cap (₹50k if you also cover senior-citizen parents).
Computed exempt portion under Section 10(13A). Use our salary calculator if you need to derive this.
Capped at ₹2,00,000 for self-occupied property (Section 24).
Additional ₹50,000 above the 80C cap.
New regime saves you ₹1,05,300 a year
Total tax: ₹97,500 (New regime) vs ₹2,02,800 (Old regime). Effective rate: 6.50%.
Estimates only. Tax rules updated as of Union Budget 2025; we re-verify within 24 hours of every Union Budget. Surcharge and cess simplified — complex cases (capital gains, marginal relief, multiple employers) need a chartered accountant. This calculator covers individual residents only.
How to use this calculator
- 1
Enter your annual taxable income
Type your gross income for the year, before deductions. Salary, business income, capital gains, and other heads should be summed first.
- 2
Pick your age category
Select Below 60, 60–79 (Senior), or 80+ (Super Senior). This only affects the old regime exemption limit; the new regime is age-agnostic.
- 3
Add your old-regime deductions
Fill in 80C investments (capped ₹1.5L), 80D health insurance, HRA exemption claimed, home loan interest (capped ₹2L), and NPS 80CCD(1B) (capped ₹50k).
- 4
Compare regimes and view slab breakdown
The right panel shows old vs new regime side-by-side. Open the slab-by-slab section to see exactly how the tax was built band by band.
Frequently asked questions
How is FY 2026-27 income tax different from previous years?
For FY 2026-27 (AY 2027-28), the new regime keeps the seven-slab structure introduced in Budget 2025: nil up to ₹4L, then 5% / 10% / 15% / 20% / 25% / 30% in ₹4L bands, with a ₹75,000 standard deduction. The 87A rebate makes tax effectively zero for taxable income up to ₹12L (max rebate ₹60,000). The old regime is unchanged: ₹2.5L basic exemption (below 60), ₹50,000 standard deduction, 87A rebate up to ₹12,500 if taxable income is ≤ ₹5L, and the full set of Chapter VI-A deductions (80C, 80D, 24, 80CCD(1B)).
Which regime should I choose — old or new?
The new regime almost always wins for income up to ₹12L because of the 87A rebate (zero tax). Above that, the new regime usually wins unless you actually use the old-regime deductions: ₹1.5L of 80C, ₹2L home loan interest, ₹50k NPS, ₹25k–50k 80D, plus HRA exemption on city rent. This calculator runs both side-by-side so you see the exact rupee gap for your numbers — pick whichever leaves more money in your pocket.
How is the 87A rebate calculated for FY 2026-27?
New regime: full tax rebate up to ₹60,000 if your taxable income (after standard deduction) is ≤ ₹12,00,000. Old regime: rebate up to ₹12,500 if your taxable income is ≤ ₹5,00,000. The rebate is applied before surcharge and cess, so it can collapse a significant tax bill to zero. Both regimes lose the rebate the moment taxable income crosses the threshold, so marginal relief sometimes matters — flag this with a CA if you are right at the cliff.
How is surcharge and cess applied?
Surcharge is a percentage of tax (not income) and kicks in above ₹50L taxable income: 10% above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (capped at 25% in the new regime; the old regime adds 37% above ₹5Cr). Health & education cess is a flat 4% on the sum of tax plus surcharge. The calculator computes both automatically — check the side-by-side table to see how much each layer adds.
Does this calculator handle senior citizens?
Yes. Pick "60-79" or "80+" in the age control to switch to the senior or super-senior basic exemption (₹3L and ₹5L respectively, old regime only). The new regime is age-agnostic — slabs are identical for everyone — so age only changes the old-regime calculation.
Is my data saved or sent anywhere?
Nothing leaves your browser. The calculation runs entirely client-side — no server call, no cookie, no analytics on your inputs. Refresh the page and the values reset to the defaults.
Need this engine inside your HR or payroll system?
We build custom HRMS, payroll, and finance tooling for businesses across India. The same regime-comparison engine that powers this calculator can run inside your intranet — multi-employee, multi-regime, with audit-ready slab-by-slab logs.
Talk to our HR-tech teamNeed a custom calculator or payroll workflow?
We've built tools like this for HR and finance teams across India — embed it in your intranet, hook it into your payroll, or get a private branded version.