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Income Tax Calculator
FY 2026-27 (AY 2027-28)
See your tax liability under both the Old and New regime, side by side.
New Regime Slabs
Old Regime Deductions
Section 87A Rebate
Surcharge & Cess
₹12.75L Tax-Free (Salaried)
Basic Details
Annual Gross Income ₹10,00,000
₹
Slide up to ₹50L · Type any amount above
Age Group
Employment Type
Other Income (FD interest, rent, etc.) ₹0
₹
Deductions & Exemptions
Old Regime only
Standard
Standard Deduction
Auto-applied based on employment type
Exemptions
HRA Exemption
Actual HRA exempt amount
Investments & Insurance
Section 80C
PPF, LIC, ELSS, EPF, FD, tuition fee
Max ₹1,50,000
Section 80D
Medical insurance premium
Max ₹25K self + ₹75K parents
NPS – Sec 80CCD(1B)
Additional NPS contribution
Max ₹50,000
Loans & Interest
Home Loan Interest [Sec 24(b)]
Interest paid on home loan
Max ₹2,00,000
80TTA / 80TTB
Savings / FD interest deduction
Max ₹10,000 (₹50K for 60+)
Other
Other Deductions
80G donations, 80E education loan, LTA, etc.
New Regime: Only Standard Deduction (₹75,000 salaried) is allowed. All other deductions above apply to the Old Regime only.
Tax Summary
Old Regime
₹0
Effective rate: 0%
New Regime
₹0
Effective rate: 0%
Tax Breakdown
Gross Income—
Standard Deduction—
Other Deductions—
Taxable Income—
Income Tax—
Surcharge—
87A Rebate—
Health & Ed. Cess (4%)—
Total Tax Payable—
FY 2026-27 Tax Slabs at a Glance
Reference tables for both regimes — updated as per Union Budget 2026
New Tax Regime (Default)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction: ₹75,000 (salaried). 87A rebate: ₹60,000 if taxable income ≤ ₹12L → ₹12.75L effectively tax-free for salaried.
Old Tax Regime (Opt-in)
| Income Slab | Below 60 | 60–79 | 80+ |
|---|---|---|---|
| Up to ₹2.5L | Nil | Nil | Nil |
| ₹2.5L – ₹3L | 5% | Nil | Nil |
| ₹3L – ₹5L | 5% | 5% | Nil |
| ₹5L – ₹10L | 20% | 20% | 20% |
| Above ₹10L | 30% | 30% | 30% |
Standard deduction: ₹50,000 (salaried). 87A rebate: ₹12,500 if taxable income ≤ ₹5L. Allows HRA, 80C, 80D, 24(b) and more.
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