Income tax calculator

Compare your tax under the new and old regime for FY 2026-27 and see which one saves you more.

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Your age (old regime)

How to use the income tax calculator

1Type your incomeYearly salary and any other income.
2Add your deductionsOnly needed for the old regime.
3CompareSee tax in both regimes and which saves more.

Questions people ask

What are the new regime slabs for FY 2026-27?

Up to ₹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%. Salaried people get a ₹75,000 standard deduction.

Is income up to ₹12 lakh tax-free?

Under the new regime, a rebate makes tax zero if taxable income is up to ₹12 lakh — up to ₹12.75 lakh salary after the standard deduction. Just above ₹12 lakh, marginal relief keeps the tax no higher than the extra income.

What deductions work in the old regime?

80C (PPF, EPF, ELSS, LIC — up to ₹1.5 lakh), 80D health insurance, home-loan interest, HRA and others. Add them all in the deductions box. The new regime allows almost none of these.

Is this exact?

It is an estimate for individuals using the published slabs, 4% cess and surcharge. Special incomes (capital gains, lottery) have their own rates. For filing, use the Income Tax Department website or a tax professional.

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