Income tax calculator for 2026-27: your tax under the new and old regimes, side by side.
This calculator covers resident individuals for tax year 2026-27, the income you earn from 1 April 2026 to 31 March 2027. From this year the Income-tax Act, 2025 replaces the 1961 Act, and Finance Act 2026 kept the tax rates unchanged. The new regime is the default: income up to ₹12 lakh pays no tax after the rebate, and salaried people also get a ₹75,000 standard deduction. The same slabs applied for FY 2025-26 (AY 2026-27).
| Step | New regime | Old regime |
|---|
Standard deduction applies to salary and pension only. Limits are applied automatically: section 123 up to ₹1,50,000, own NPS up to ₹50,000, self-occupied home loan interest up to ₹2,00,000; enter the health insurance amount you are eligible for (₹25,000, or ₹50,000 for senior citizens, each for self and parents). Capital gains, dividends above ₹2 crore of income and other special-rate income are not included. This is an estimate, not tax advice; the Income Tax Department's calculator and your return are final.
New regime tax slabs for 2026-27
Section 202 of the Income-tax Act, 2025. Standard deduction ₹75,000; rebate under section 156 up to ₹60,000 when total income is up to ₹12 lakh, with marginal relief just above ₹12 lakh. Most deductions, including section 123 (ex-80C), 126 (ex-80D) and HRA, are not allowed.
| Total income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh – ₹8 lakh | 5% |
| ₹8 lakh – ₹12 lakh | 10% |
| ₹12 lakh – ₹16 lakh | 15% |
| ₹16 lakh – ₹20 lakh | 20% |
| ₹20 lakh – ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Old regime tax slabs for 2026-27
Available if you opt out of the new regime. Standard deduction ₹50,000; rebate up to ₹12,500 when total income is up to ₹5 lakh.
| Below 60 | Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5 lakh – ₹5 lakh | 5% |
| ₹5 lakh – ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
| 60 to 79 | Rate |
|---|---|
| Up to ₹3 lakh | Nil |
| ₹3 lakh – ₹5 lakh | 5% |
| ₹5 lakh – ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
| 80 and above | Rate |
|---|---|
| Up to ₹5 lakh | Nil |
| ₹5 lakh – ₹10 lakh | 20% |
| Above ₹10 lakh | 30% |
Surcharge applies above ₹50 lakh (10%), ₹1 crore (15%) and ₹2 crore (25%) in both regimes, plus 37% above ₹5 crore in the old regime only, with marginal relief at each step. Health and Education Cess is 4% of tax plus surcharge.
Questions
Is income up to ₹12 lakh tax-free in 2026-27?
Under the new regime, yes for resident individuals: the rebate under section 156 cancels tax of up to ₹60,000 when total income is up to ₹12 lakh. For a salaried person that means a salary of up to ₹12.75 lakh after the ₹75,000 standard deduction, if there is no special-rate income.
What changed for 2026-27?
The law changed, the rates did not. The Income-tax Act, 2025 applies from 1 April 2026 and renumbers the sections (80C is now section 123, 87A is section 156), but the Budget memorandum states that no change in tax rates was proposed.
Which regime is better?
It depends on your deductions. Enter your salary and deductions above: the calculator shows both totals and which one is lower.
Sources
- Union Budget 2026-27: Memorandum explaining the Finance Bill (tax rates)
- Income-tax Act, 2025 as amended by Finance Act 2026 (Income Tax Department)
- Income Tax Department: official tax calculator
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