Income Tax Calculator India 2026-27
Compare new vs old tax regime, calculate take-home salary and Section 87A rebate
Calculate your India income tax for FY 2026-27 (AY 2027-28). Enter your gross salary and deductions to instantly compare your tax liability under the new vs old tax regime — including the Section 87A rebate, standard deduction, and 4% education cess.
₹12,00,000 = ₹12 Lakh
PF, PPF, ELSS, LIC — max ₹1.5L (old regime only)
Max ₹25,000 self/family (old regime only)
Only applicable in old regime
80E, 80G, home loan interest, etc. (old regime only)
Income Tax India 2026-27 — FAQ
What is the income tax slab for FY 2026-27 under the new regime?
Under the new regime for FY 2026-27 (AY 2027-28): ₹0–₹4 lakh: 0%, ₹4–₹8 lakh: 5%, ₹8–₹12 lakh: 10%, ₹12–₹16 lakh: 15%, ₹16–₹20 lakh: 20%, ₹20–₹24 lakh: 25%, above ₹24 lakh: 30%. Tax slabs are unchanged from FY 2025-26.
What is the Section 87A rebate for FY 2026-27?
Under the new regime, if your net taxable income (after standard deduction) is ₹12 lakh or below, you are eligible for a rebate of up to ₹60,000 — making your effective tax liability zero. The standard deduction of ₹75,000 is available to salaried individuals, so a gross salary of up to ₹12.75 lakh can result in zero tax.
Which tax regime is better for me — old or new?
The new regime has lower slab rates but removes most deductions (80C, 80D, HRA). The old regime is better if your total deductions (80C: ₹1.5L, 80D: ₹25,000, HRA, home loan interest) exceed roughly ₹3–3.5 lakh. Below that threshold, the new regime usually results in lower tax. Use this calculator to compare both regimes with your actual income and deductions.
What is the standard deduction for salaried employees in 2026-27?
The standard deduction is ₹75,000 under the new tax regime and ₹50,000 under the old regime. It is automatically applicable to all salaried individuals without requiring any proof or receipts.
How is surcharge calculated in India?
Surcharge applies if your taxable income exceeds ₹50 lakh: 10% surcharge on income above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (new regime — capped at 25%). Under the old regime, there is an additional 37% surcharge level above ₹5Cr. The Health & Education Cess of 4% applies on (tax + surcharge).
Quick Tips
New Regime Slabs 2026-27
- ₹0 – ₹4L: 0%
- ₹4L – ₹8L: 5%
- ₹8L – ₹12L: 10%
- ₹12L – ₹16L: 15%
- ₹16L – ₹20L: 20%
- ₹20L – ₹24L: 25%
- Above ₹24L: 30%
Key Facts
- • Std deduction (new): ₹75,000
- • Std deduction (old): ₹50,000
- • 87A rebate (new): up to ₹60,000
- • Zero tax on income ≤ ₹12.75L (new)
- • Education cess: 4%
Results are estimates. Consult a CA for personal advice.