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Income Tax Calculator 2026-27
Compare your tax liability under the Old and New Tax Regimes instantly. Updated as per Finance Act 2026.
Income Details
OLD REGIME DEDUCTIONS
Disclaimer: This calculator provides an estimate for informational purposes only. Consult a tax professional for accurate filing. Numbers based on Finance Act 2026.
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Fill in the form on the left and click "Calculate My Tax" to see a detailed comparison.
Old Regime
Total Tax Payable
₹0
Effective Rate: 0%
New Regime
Total Tax Payable
₹0
Effective Rate: 0%
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OLD REGIME Tax Slabs (Below 60)
| Income Range | 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 | 87A Rebate up to ₹5L
NEW REGIME Tax Slabs (FY 2025-26 / AY 2026-27)
| Income Range | 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 | 87A Rebate up to ₹12L with Marginal Relief | +4% Cess
Frequently Asked Questions
Which regime is better for me — old or new?
It depends on your deductions. If your total deductions (80C + 80D + HRA + home loan etc.) are relatively low, the default New Regime is heavily incentivized with a completely zero tax threshold up to ₹12 Lakh of taxable income.
Is the 87A rebate available in the new regime for FY 2025-26?
Yes. Under the Finance Act 2026, if your taxable income (after the standard deduction of ₹75,000) does not exceed ₹12,00,000, you are entitled to a full rebate under Section 87A up to ₹60,000, reducing your net income tax liability to zero.
What is the standard deduction for salaried individuals under the Finance Act 2026?
Under the New Tax Regime, the standard deduction is maintained at ₹75,000 for salaried employees and pensioners. Under the old traditional regime, it stays fixed at ₹50,000.
When is the last date to file ITR for Tax Year 2026-27 (FY 2025-26)?
The due date for non-audit individual filers is generally July 31, 2026. Corporate and audited entities have an engineering filing deadline of October 31, 2026.
Can I switch between old and new regime every year?
Salaried individuals who do not possess any business or professional income can flexibly switch between the old and default new regime during every filing season. For taxpayers with corporate/business income, opting out of the default New Regime restricts subsequent easy transitions back.