Income Tax Calculator - FY 2026-27 (AY 2027-28)
Old regime vs new regime, side-by-side. Includes ₹75,000 standard deduction, 87A rebate, 80C and HRA. Updated for Budget 2025.
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Tax comparison
Enter your income to see the comparison.
Indicative computation for salaried individuals. Surcharge not included. Consult a CA for precise computation. New regime slabs for FY 2026-27 per Union Budget 2025.
New regime slabs - FY 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% |
87A rebate: full tax rebate if taxable income ≤ ₹12 lakh (max ₹60,000).
Old regime slabs - FY 2026-27
| 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% |
87A rebate: up to ₹12,500 if taxable income ≤ ₹5 lakh.
Frequently asked questions
What are the income tax slabs for FY 2026-27 under the new regime?▾
0% up to ₹4,00,000 · 5% for ₹4,00,001-₹8,00,000 · 10% for ₹8,00,001-₹12,00,000 · 15% for ₹12,00,001-₹16,00,000 · 20% for ₹16,00,001-₹20,00,000 · 25% for ₹20,00,001-₹24,00,000 · 30% above ₹24,00,000. Additionally, Section 87A rebate makes income up to ₹12 lakh effectively tax-free.
Is the new regime better than old regime in FY 2026-27?▾
For most salaried individuals with income up to ₹12 lakh, the new regime is tax-free due to the 87A rebate. For those with significant deductions (80C + HRA + home loan interest above ₹3-4 lakh), the old regime may still be better. Use our calculator to compare instantly.
What is the standard deduction for FY 2026-27?▾
Under the new regime, standard deduction is ₹75,000. Under the old regime, it is ₹50,000 for salaried employees.
What is Section 87A (now §156 IT Act 2025) rebate for FY 2026-27?▾
Under the new regime, if your total taxable income does not exceed ₹12,00,000, you get a full rebate on your income tax (up to ₹60,000) under Section 87A (renumbered §156 in the IT Act 2025). This effectively makes income up to ₹12 lakh tax-free.
Can I switch between old and new regime every year?▾
Salaried individuals and those without business income can switch between regimes every year. Those with business/professional income can switch only once from new to old regime.
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