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Income Tax Calculator India (FY 2026-27)

Find out how much income tax you owe in India and which regime saves you more. Includes the ₹75,000 standard deduction, the Section 87A rebate (zero tax up to ₹12 lakh in the new regime), surcharge and 4% health & education cess.

How to use the Income Tax Calculator India (FY 2026-27)

Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.

Formula

New regime slabs (FY 2025-26 & 2026-27): 0 – 4L: nil 4 – 8L: 5% 8 – 12L: 10% 12 – 16L: 15% 16 – 20L: 20% 20 – 24L: 25% Above 24L: 30% Old regime (below 60): 0 – 2.5L nil, 2.5 – 5L 5%, 5 – 10L 20%, above 10L 30% Cess: 4% on tax + surcharge

Frequently asked questions

Is income up to ₹12 lakh tax-free?

Yes, in the new regime taxable income up to ₹12 lakh has zero tax because of the Section 87A rebate. For salaried people, with the ₹75,000 standard deduction, that means a salary up to ₹12.75 lakh.

Which regime should I choose?

If your deductions (80C, 80D, HRA, home loan interest) are large, the old regime may be cheaper. For most people without big deductions, the new regime wins. The calculator compares both.

Did Budget 2026 change the slabs?

No. The slabs announced in Budget 2025 continue for FY 2026-27.

Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.