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Income tax calculator, FY 2026-27
Enter your income once and see the tax under both regimes, which one is cheaper and your monthly in-hand amount.
Slabs used
Budget 2026 left the slabs unchanged, so FY 2026-27 uses the same structure as the previous year.
| New regime: taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Old regime: taxable income (under 60) | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
What the calculator applies
- Standard deduction for salaried people and pensioners: ₹75,000 in the new regime, ₹50,000 in the old.
- Rebate: no tax in the new regime when taxable income is ₹12 lakh or less (so a salary up to ₹12.75 lakh), with marginal relief just above that level; no tax in the old regime up to ₹5 lakh.
- Surcharge above ₹50 lakh and 4% health and education cess on the total.
Income taxed at special rates, such as capital gains, is outside this calculator. Read new vs old tax regime for how to choose.
Questions
Which regime applies by default?
The new regime is the default. Salaried taxpayers can choose the old regime each year when filing, provided the return is filed on time.
At what deduction level does the old regime win?
It depends on income. As a rough guide, at ₹15 lakh of salary you need well over ₹5 lakh of deductions and exemptions before the old regime becomes cheaper. Move the deduction slider above to find your own break-even.