Indian Income Tax Calculator FY 2026-27
Compare Old vs. New Tax Regime in real-time. Includes Surcharge, 4% Cess, Section 87A Rebate, and Marginal Relief calculation for precise results.
Not tax advice. This estimates liability under the slabs and rules as we understand them for each year shown. Tax law changes with each Union Budget — verify against the current Income Tax Department rules or a chartered accountant before filing or making financial decisions.
| Income Range | Rate |
|---|---|
| ₹0 – ₹2,50,000 | 0% |
| ₹2,50,000 – ₹5,00,000 | 5% |
| ₹5,00,000 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Income Range | Rate |
|---|---|
| ₹0 – ₹4,00,000 | 0% |
| ₹4,00,000 – ₹8,00,000 | 5% |
| ₹8,00,000 – ₹12,00,000 | 10% |
| ₹12,00,000 – ₹16,00,000 | 15% |
| ₹16,00,000 – ₹20,00,000 | 20% |
| ₹20,00,000 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Which Tax Regime is Better for You? Old vs New — FY 2026-27
The Union Budget 2025 introduced major changes to the New Tax Regime, shifting slabs to 4L increments and enhancing the 0% tax limit. But for individuals with extremely high deductions, the Old Regime may still offer benefits.
New Regime FY 2026-27 Slabs
Income up to ₹4L: Nil | ₹4L–8L: 5% | ₹8L–12L: 10% | ₹12L–16L: 15% | ₹16L–20L: 20% | ₹20L–24L: 25% | Above ₹24L: 30%. Plus 4% Health & Education Cess.
What is Section 87A Marginal Relief?
If your New Regime taxable income slightly exceeds ₹7 Lakh (e.g., ₹7.2L), the tax you pay is capped to the amount by which your income exceeds ₹7L (i.e., ₹20,000). This prevents a higher tax burden due to a small income increase.
When Should You Choose the Old Regime?
Consider the Old Regime if your Section 80C + HRA + Home Loan Interest deductions exceed ₹2–3 Lakh per year. A chartered accountant can help you make the optimal choice based on your specific investment portfolio.