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Income Tax Calculator

Work out your tax for FY 2026-27 under either regime, and see which slab each part of your income falls into rather than just a final number.

New regime or old regime?

The new regime is the default now, and for most people with few deductions it wins outright. The old regime only pulls ahead when you genuinely claim a lot: 80C investments, health insurance under 80D, home loan interest, HRA.

Under the new regime for FY 2026-27, the slabs run from nil up to Rs 4,00,000 through to 30% above Rs 24,00,000. Salaried people get a Rs 75,000 standard deduction, and the Section 87A rebate of up to Rs 60,000 removes the tax entirely on taxable income up to Rs 12,00,000 — which is why a salary up to about Rs 12,75,000 can come out at nil.

The old regime keeps the older structure — nil to Rs 2,50,000, then 5%, 20% and 30% — with a Rs 50,000 standard deduction and a smaller rebate that runs out at Rs 5,00,000. Run your real deduction figure through both before deciding. Switching is not always free: salaried people can choose each year, but people with business income are far more restricted.

Common questions

No, and no online calculator can be. Surcharge on high incomes, capital gains taxed at their own rates, relief under Section 89, and losses carried forward all change the answer. Treat this as a planning figure and let us check the real one before you file.

The Section 87A rebate applies only up to Rs 12,00,000 of taxable income. Cross that and the rebate goes entirely, so tax appears on the whole slab structure, not just the extra rupee. This is the single most common surprise for salaried filers.

Whichever is lower for your actual numbers — run both above. As a rough guide, if your deductions are under roughly Rs 3,00,000 the new regime usually wins. If you have a home loan and a full 80C, it is worth checking properly.

A number is not a filing

This tool gives you the figure. Getting the filing right — the correct form, the documents, the deadline, the department — is the part that costs people money when it goes wrong. Send us your case and we will tell you what actually applies to you.

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