Free tool · Rules updated 28 Sep 2026
Income Tax Calculator FY 2026-27 (AY 2027-28) — Old vs New Regime
Enter your income and deductions. The calculator applies the current slabs, standard deduction, Section 87A rebate (with marginal relief), surcharge and 4% cess, and shows which regime gives you the lower tax.
Fill in the details — your result appears here instantly.
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Income tax slabs FY 2026-27 (AY 2027-28)
New regime (default)
| Income | 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 · Rebate u/s 87A up to ₹60,000 when taxable income ≤ ₹12,00,000.
Old regime (below 60)
| Income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction ₹50,000 · Rebate up to ₹12,500 when taxable income ≤ ₹5,00,000. Senior citizens: nil up to ₹3 lakh; 80+: nil up to ₹5 lakh.
Surcharge: 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore (the new regime is capped at 25%; old regime 37% above ₹5 crore). Health & education cess: 4% on tax + surcharge.
Income Tax Calculator — common questions
Which regime is better for me?
If your deductions (80C, 80D, HRA, home-loan interest) are large, the old regime can be cheaper. For most salaried people with few deductions, the new regime is lower. The calculator compares both for your exact numbers.
Is income up to ₹12 lakh tax-free?
Under the new regime, the Section 87A rebate makes tax nil when taxable income is up to ₹12 lakh. Salaried people also get a ₹75,000 standard deduction, so salary up to ₹12.75 lakh has no tax. Special-rate income such as capital gains is not covered by this rebate.
Can salaried people switch regime every year?
Yes. Individuals without business income can choose the regime every year while filing the return. People with business income can switch back only once.
This tool gives an estimate based on the rules shown. Your actual figure depends on your full details — our expert confirms it before any filing.
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