Income Tax Calculator FY 2026-27 India
Estimate your income tax under the new and old regimes for FY 2026-27, 2025-26 or 2024-25. Includes the 87A rebate, marginal relief, surcharge and 4% cess.
- Latest + previous years
- New vs old regime
- Marginal relief included
- 100% free
Not an official government calculator. This free tool is only to make your HR and payroll work easier. Tax and labour rules change every year, so treat results as estimates and verify with the official notification or your CA before filing or paying. Rules last reviewed on 23 October 2026.
Income Tax Calculator
₹12,00,000
Slab-wise tax
- ₹0 – ₹4,00,0000%
- ₹0
- ₹4,00,000 – ₹8,00,0005%
- ₹20,000
- ₹8,00,000 – ₹12,00,00010%
- ₹32,500
- Rebate u/s 87A (incl. marginal relief)
- − ₹52,500
- Health & Education Cess (4%)
- ₹0
- Total tax
- ₹0
What's new for FY 2026-27
Budget 2026 did not change the slabs, but the law behind them changed completely.
- Income-tax Act, 2025 is in force from 1 April 2026. It replaces the 1961 Act. FY 2026-27 is now called Tax Year 2026-27 — there is no separate "assessment year" any more.
- Slabs, rebate and standard deduction unchanged. Nil tax up to ₹12 lakh under the new regime (₹12.75 lakh for salaried), ₹75,000 standard deduction.
- HRA 50% limit for 8 cities. Bengaluru, Hyderabad, Pune and Ahmedabad join Delhi, Mumbai, Kolkata and Chennai for HRA exemption (old regime). Try the HRA calculator.
- Higher PF deduction for many employees. The EPF wage ceiling rose to ₹25,000 from 17 September 2026, raising PF deductions (and 80C) for many employees — see the EPF calculator.
Income tax slabs: new regime
FY 2026-27
Tax Year 2026-27
| Taxable 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 · 87A rebate up to ₹60,000 if taxable income ≤ ₹12,00,000
FY 2025-26
AY 2026-27
| Taxable 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 · 87A rebate up to ₹60,000 if taxable income ≤ ₹12,00,000
FY 2024-25
AY 2025-26
| Taxable income | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Standard deduction ₹75,000 · 87A rebate up to ₹25,000 if taxable income ≤ ₹7,00,000
Income tax slabs: old regime
The old regime slabs have not changed for years. Senior citizens get a higher exemption limit.
Below 60 years
| Taxable 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% |
60 to 80 years
| Taxable income | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Above 80 years
| Taxable income | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Old regime: standard deduction ₹50,000, rebate up to ₹12,500 if taxable income is up to ₹5,00,000. Surcharge of 10% / 15% / 25% / 37% applies above ₹50 lakh / ₹1 crore / ₹2 crore / ₹5 crore (capped at 25% in the new regime). A 4% Health & Education Cess applies on tax plus surcharge in both regimes.
Tax examples for FY 2026-27 (salaried)
Calculated with this tool for a salaried person below 60. The old-regime column assumes ₹1.5 lakh of 80C deductions only.
| Gross salary | New regime tax | Old regime tax | Better option |
|---|---|---|---|
| ₹8,00,000 | ₹0 | ₹33,800 | New regime |
| ₹12,75,000 | ₹0 | ₹1,40,400 | New regime |
| ₹15,00,000 | ₹97,500 | ₹2,10,600 | New regime |
| ₹20,00,000 | ₹1,92,400 | ₹3,66,600 | New regime |
| ₹30,00,000 | ₹4,75,800 | ₹6,78,600 | New regime |
How the calculator works
- Subtract the standard deduction (salaried) and, in the old regime, your exemptions and deductions.
- Apply the slab rates of the selected year to the taxable income.
- Subtract the Section 87A rebate. Just above the rebate limit, marginal relief caps tax at the extra income.
- Add surcharge for income above ₹50 lakh, with marginal relief at each threshold.
- Add 4% Health & Education Cess to get the final tax. Divide by 12 for approximate monthly TDS.
Employers can use the salary calculator to see in-hand pay after PF, ESI, professional tax and TDS together.
Frequently Asked Questions
What are the income tax slabs for FY 2026-27?
Budget 2026 kept the slabs unchanged. Under the new regime: nil up to ₹4 lakh, 5% for ₹4–8 lakh, 10% for ₹8–12 lakh, 15% for ₹12–16 lakh, 20% for ₹16–20 lakh, 25% for ₹20–24 lakh and 30% above ₹24 lakh. The old regime stays at nil up to ₹2.5 lakh, 5% up to ₹5 lakh, 20% up to ₹10 lakh and 30% above.
Is income up to ₹12 lakh tax-free in FY 2026-27?
Yes, under the new regime. The rebate of up to ₹60,000 makes tax nil when taxable income is up to ₹12 lakh. Salaried employees also get a ₹75,000 standard deduction, so a salary up to ₹12.75 lakh pays no tax. Just above ₹12 lakh, marginal relief ensures your tax never exceeds the income earned above ₹12 lakh.
What changed with the Income-tax Act, 2025?
From 1 April 2026 the Income-tax Act, 2025 replaced the Income-tax Act, 1961. 'Previous year' and 'assessment year' are replaced by a single 'tax year', and sections are renumbered (for example, the 87A rebate and the new-regime provisions moved to new section numbers). Slab rates, rebate and standard deduction were carried over unchanged.
Which regime should I choose — old or new?
If your total deductions (HRA, 80C, 80D, home loan interest, NPS) are small, the new regime is usually cheaper. If you claim large HRA and home loan interest, the old regime can win. Enter your figures in the calculator — it computes both and shows which saves more.
Can salaried employees switch between regimes every year?
Yes. Salaried individuals without business income can choose the old or new regime every year while filing the return. The new regime is the default, so tell your employer if you want TDS under the old regime. People with business income can switch back only once.
Can I calculate tax for a previous year?
Yes. Pick FY 2025-26 or FY 2024-25 in the Financial Year dropdown to apply that year's slabs, rebate and standard deduction — useful for filing a belated or revised return or checking past TDS.
Is this the official Income Tax Department calculator?
No. This is a free, unofficial tool by XoMB HR to make HR and payroll work easier. Rules change every year, so verify results on incometax.gov.in or with a CA before filing.
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This is not an official calculator of the Government of India, the Income Tax Department, EPFO, ESIC or any state government. It is a free tool by XoMB Technologies to make everyday HR work easier. Rules, rates and limits change every year through budgets, notifications and court rulings, and your organisation's policy may differ. Results are estimates only and are not legal, tax or financial advice — confirm with the official source or a qualified CA / labour law consultant before acting. Rules last reviewed on 23 October 2026.