Income Tax Calculator 2026-27
India · new vs old tax regime
Enter your income to compare tax under the new and old regimes for tax year 2026-27. Under the default new regime a salaried person pays no tax up to ₹12.75 lakh; on ₹15 lakh the tax is ₹97,500.
New regime saves you ₹2,49,600
| New regime | Old regime | |
|---|---|---|
| Gross income | ₹49,00,000 | ₹49,00,000 |
| Standard deduction | −₹75,000 | −₹50,000 |
| Other deductions (80C, 80D…) | ₹0 | ₹-0 |
| Taxable income | ₹48,25,000 | ₹48,50,000 |
| Tax on slabs | ₹10,27,500 | ₹12,67,500 |
| Rebate / marginal relief | ₹-0 | ₹-0 |
| Surcharge | ₹0 | ₹0 |
| Cess (4%) | ₹41,100 | ₹50,700 |
| Total tax | ₹10,68,600 | ₹13,18,200 |
| Take-home (year, before PF) | ₹38,31,400 | ₹35,81,800 |
| Take-home (month, before PF) | ₹3,19,283 | ₹2,98,483 |
Tax by salary
₹3 lakh₹4 lakh₹5 lakh₹6 lakh₹7 lakh₹8 lakh₹9 lakh₹10 lakh₹11 lakh₹12 lakh₹13 lakh₹14 lakh₹15 lakh₹16 lakh₹17 lakh₹18 lakh₹19 lakh₹20 lakh₹21 lakh₹22 lakh₹23 lakh₹24 lakh₹25 lakh₹26 lakh₹27 lakh₹28 lakh₹29 lakh₹30 lakh₹40 lakh₹50 lakh₹60 lakh₹75 lakh₹1 crore
Frequently asked questions
Is income up to ₹12 lakh tax-free in 2026-27?
Under the new regime, yes: the rebate cancels tax on taxable income up to ₹12 lakh, and with the ₹75,000 standard deduction a salaried person pays nothing on a salary up to ₹12.75 lakh. Just above that, marginal relief caps the tax at the income above ₹12 lakh.
What are the new regime tax slabs?
Nil up to ₹4 lakh, 5% from ₹4–8 lakh, 10% from ₹8–12 lakh, 15% from ₹12–16 lakh, 20% from ₹16–20 lakh, 25% from ₹20–24 lakh and 30% above ₹24 lakh, plus 4% cess.
New or old regime — which is better?
It depends on your deductions. The old regime keeps 80C, 80D, HRA and home-loan interest but has higher rates; the new regime has lower rates and a ₹75,000 standard deduction but almost no other deductions. Enter your deductions above to compare.
How much tax on a ₹15 lakh salary?
₹97,500 under the new regime (6.5% of the salary), including cess.
Rates for tax year 2026-27 (FY 2026-27, Income-tax Act 2025) — Finance Bill 2026 — Memorandum (rates of income-tax); Income Tax Department — tax slabs for individuals; PIB — No income tax up to ₹12 lakh under the new regime. The Finance Bill 2026 proposed no change to these rates. Covers salary and other normal income only (not special rates on capital gains); includes 4% health and education cess, surcharge above ₹50 lakh and marginal relief. An estimate, not tax advice.