Free tax tool · FY 2026-27 (AY 2027-28)

Income Tax Calculator

Estimate your Indian income tax under the latest guidelines for FY 2026-27 (AY 2027-28). Compare the new and old regimes side by side — including Section 87A rebate, surcharge, and 4% health & education cess.

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FY 2026-27 (AY 2027-28)

Age categoryAffects old-regime basic exemption onlyResidential status87A rebate only for residents

Gross salary / pensionBefore standard deduction

Other taxable incomeInterest, freelancing, business, etc.

Professional tax paidDeductible from salary

Employer NPS (80CCD(2))Allowed in both regimes

Section 80CMax ₹1.5 lakh (PF, ELSS, life insurance…)

Section 80CCD(1B) NPSMax ₹50,000 additional

Section 80D (health insurance)Self + family (capped)

Section 80E (education loan interest)

Section 80G (donations)

Home loan interest u/s 24(b)Self-occupied max ₹2 lakh

HRA exemptionPre-computed exempt amount

Other deductionsOther Chapter VI-A / exemptions

Based on Indian Income Tax rules as applicable after Union Budget 2026 (slabs unchanged from FY 2025-26). Figures are estimates for planning only.

New tax regime

Lower tax

₹0

Total tax liability (incl. cess)

Taxable income: ₹11,25,000
Tax before rebate: ₹52,500
Rebate u/s 87A: ₹52,500
Surcharge: ₹0
Health & education cess (4%): ₹0
Effective rate: 0%
Approx. monthly: ₹0

Slab-wise tax

Income range	Rate	Tax
₹0 – ₹4,00,000	0%	₹0
₹4,00,000 – ₹8,00,000	5%	₹20,000
₹8,00,000 – ₹12,00,000	10%	₹32,500

Old tax regime

₹1,63,800

Total tax liability (incl. cess)

Taxable income: ₹11,50,000
Tax before rebate: ₹1,57,500
Rebate u/s 87A: ₹0
Surcharge: ₹0
Health & education cess (4%): ₹6,300
Effective rate: 13.65%
Approx. monthly: ₹13,650

Slab-wise tax

Income range	Rate	Tax
₹0 – ₹2,50,000	0%	₹0
₹2,50,000 – ₹5,00,000	5%	₹12,500
₹5,00,000 – ₹10,00,000	20%	₹1,00,000
₹10,00,000 – ∞	30%	₹45,000

Standard deduction ₹75,000 applied (salaried / pension, new regime).
Section 87A rebate: tax reduced to nil (taxable income ≤ ₹12 lakh).

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Tax slabs used (FY 2026-27 (AY 2027-28))

New regime

₹0 – ₹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%
87A: nil tax up to ₹12 lakh taxable income
Standard deduction: ₹75,000 (salary/pension)

Old regime (general, <60)

₹0 – ₹2.5 lakh → Nil
₹2.5 – ₹5 lakh → 5%
₹5 – ₹10 lakh → 20%
Above ₹10 lakh → 30%
Seniors: basic exemption ₹3 lakh · Super seniors: ₹5 lakh
87A: up to ₹12,500 if income ≤ ₹5 lakh
Standard deduction: ₹50,000 (salary/pension)
+ 80C / 80D / HRA / home-loan interest, etc.

This tool does not cover capital gains special rates, agricultural income, set-off of losses, alternate minimum tax, or complex HRA formulas. Always verify with a CA or the Income Tax Department before filing.