Income tax calculator (FY 2026-27)
Compare the Old and New tax regimes for FY 2026-27 (AY 2027-28) with standard deduction, Section 87A rebate, marginal relief, and Chapter VI-A deductions.
Interest, rental, or other taxable income.
Deductions (Old regime only)
EPF, PPF, ELSS, life insurance (capped at ₹1,50,000).
Self/family + parents medical cover (capped at ₹1,00,000).
Additional voluntary NPS (capped at ₹50,000).
Exempt House Rent Allowance amount.
Self-occupied property (capped at ₹2,00,000).
80E education loan, 80G donations, 80TTA/TTB.
Recommended option (lower tax)
| New regime: taxable income | ₹0 |
| New regime: total tax (incl. 4% cess) | ₹0 |
| Old regime: taxable income | ₹0 |
| Old regime: total tax (incl. 4% cess) | ₹0 |
| Approximate monthly TDS (lower option) | ₹0 |
Estimate for FY 2026-27 (AY 2027-28) for a resident individual. Includes 4% Health & Education Cess, Section 87A rebate (up to ₹12L in New Regime with marginal relief; up to ₹5L in Old Regime). Excludes special-rate income such as capital gains.
Tax slabs & rules used
New Tax Regime (Section 115BAC — Default): Nil up to ₹4 lakh; 5% on ₹4L–₹8L; 10% on ₹8L–₹12L; 15% on ₹12L–₹16L; 20% on ₹16L–₹20L; 25% on ₹20L–₹24L; and 30% above ₹24 lakh. Standard deduction for salaried/pensioners is ₹75,000. Section 87A rebate makes tax nil up to ₹12 lakh of taxable income (₹12.75 lakh gross salary), with marginal relief just above ₹12 lakh.
Old Tax Regime: Nil up to ₹2.5 lakh (₹3L for senior citizens aged 60–79; ₹5L for super seniors 80+); 5% up to ₹5 lakh; 20% on ₹5L–₹10L; and 30% above ₹10 lakh. Standard deduction is ₹50,000. Section 87A rebate makes tax nil up to ₹5 lakh of taxable income.
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