šŸ§¾ Free Ā· Instant Ā· FY 2026-27

Income Tax Calculator

Enter your income and deductions to see your exact income tax under both the Old and New regimes for FY 2026-27 (AY 2027-28) ā€” full slab-wise breakdown, not just the final number.

šŸ§¾ Your Income & Deductions
Salary, or total income before any deductions
Affects Old Regime exemption limit only
Use the Salary Calculator to find your exact HRA exemption
Old Regime only
Old Regime only
Deductible in both regimes
šŸ“Š Your Tax Liability
Enter your income to calculate tax

Income Tax Calculator FY 2026-27 ā€” Complete Guide

This calculator computes your exact income tax liability for FY 2026-27 (Assessment Year 2027-28) under both the Old Tax Regime (with deductions) and the New Tax Regime (lower rates, minimal deductions), including the slab-wise breakdown of how your tax is arrived at ā€” not just the final figure.

New Regime Tax Slabs FY 2026-27

Old Regime Tax Slabs FY 2026-27

How the 4% Cess Works

After computing tax on your taxable income using the slabs above (and applying the 87A rebate if eligible), a Health & Education Cess of 4% is added on top of that tax amount ā€” this is included automatically in the calculator above.

How is income tax calculated in India?
Income tax is calculated by applying slab-wise rates to your taxable income (gross income minus eligible deductions and the standard deduction), then adding a 4% Health & Education Cess on the tax amount. India currently has two regimes ā€” Old and New ā€” with different slabs and deduction rules.
Which is better, Old or New tax regime?
It depends on how much you claim in deductions. The New Regime has lower rates but few deductions, so it usually suits people with minimal 80C/HRA/home-loan claims. The Old Regime suits people with total deductions above roughly ā‚¹3.5-4 lakh. Use the calculator above to see your exact numbers, or try the dedicated Old vs New Regime Calculator.
Is there a rebate that makes tax zero up to a certain income?
Yes. Under Section 87A, resident individuals with taxable income up to ā‚¹12 lakh under the New Regime pay zero tax after rebate. Under the Old Regime, the rebate applies up to ā‚¹5 lakh taxable income.
Do senior citizens get a different tax exemption limit?
Under the Old Regime, senior citizens (60-80 years) get a basic exemption of ā‚¹3 lakh and super senior citizens (80+) get ā‚¹5 lakh, compared to ā‚¹2.5 lakh for others. Under the New Regime, the exemption limit is the same for all ages.

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