Income Tax Calculator FY 2026-27 (AY 2027-28)
Enter your annual salary and any deductions to see your tax under both regimes side by side, with the Section 87A rebate, marginal relief, surcharge and 4% cess applied.
Old-regime deductions (ignored in new regime)
Rates: Finance Act slabs for FY 2026-27 (unchanged from FY 2025-26). Surcharge marginal relief is not modelled for incomes above ₹50 lakh. This is an estimate — consult a tax professional for filing.
New regime slabs for FY 2026-27
Up to ₹4 lakh: nil · ₹4–8 lakh: 5% · ₹8–12 lakh: 10% · ₹12–16 lakh: 15% · ₹16–20 lakh: 20% · ₹20–24 lakh: 25% · above ₹24 lakh: 30%. Salaried taxpayers get a ₹75,000 standard deduction, and the Section 87A rebate (up to ₹60,000) makes taxable income up to ₹12 lakh completely tax-free — so a salary of up to ₹12.75 lakh pays no tax. Just above ₹12 lakh, marginal relief caps the tax at the amount by which income exceeds ₹12 lakh.
Old regime slabs
Up to ₹2.5 lakh: nil (₹3 lakh for seniors 60–79, ₹5 lakh for 80+) · up to ₹5 lakh: 5% · ₹5–10 lakh: 20% · above ₹10 lakh: 30%. The standard deduction is ₹50,000 and the 87A rebate makes taxable income up to ₹5 lakh tax-free. The old regime still wins for people with large deductions — typically full 80C, HRA in a metro and a home loan.
Which regime should government employees choose?
Central and state employees under NPS get the employer's NPS contribution (14% of basic + DA) deductible under 80CCD(2) in both regimes. With that deduction plus the higher new-regime rebate, most employees up to about ₹15–16 lakh pay less in the new regime unless they claim HRA and a home loan together. Enter your own numbers above — the comparison updates instantly.