India Income Tax Calculator FY 2026-27 (New Regime)
Enter your annual salary to see your FY 2026-27 income tax under the new regime and your monthly take-home.
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India Income Tax Calculator FY 2026-27 (New Regime) by TheCalcTools
How the India Income Tax Calculator FY 2026-27 (New Regime) works
Under the new regime for FY 2026-27, income up to ₹4 lakh is not taxed, then rates step up by 5% every ₹4 lakh: 5%, 10%, 15%, 20%, 25% and 30% above ₹24 lakh. Salaried people and pensioners first deduct a ₹75,000 standard deduction.
The section 87A rebate (up to ₹60,000) makes tax nil when taxable income is ₹12 lakh or less, so a salary of up to ₹12.75 lakh pays no tax. Just above ₹12 lakh, marginal relief limits the tax to the income above ₹12 lakh.
A surcharge applies above ₹50 lakh (10%), ₹1 crore (15%) and ₹2 crore (25%, the cap in the new regime), with marginal relief at each threshold. A 4% health and education cess is added to tax plus surcharge.
The formula
Worked example
Using the default values shown in the calculator:
| Annual gross salary and other income | ₹1.8e+06 |
|---|---|
| Other deductions allowed in the new regime (e.g. employer NPS, 80CCD(2)) | ₹0 |
| Salaried or pensioner (₹75,000 standard deduction) | Yes |
- Taxable income: ₹18,00,000 − ₹75,000 = ₹1725000.
- Slab tax: 5% × 4L + 10% × 4L + 15% × 4L + 20% × 1.25L = ₹1,45,000; plus 4% cess = ₹150800.
- That is ₹12567 a month.
Result:
| Total income tax (incl. cess) | ₹150800 |
|---|---|
| Tax per month | ₹12567 |
| Taxable income | ₹1725000 |
| Rebate or marginal relief applied | ₹0 |
| Health and education cess (4%) | ₹5800 |
| Monthly income after tax | ₹137433 |
| Effective tax rate | 8.38% |
Frequently asked questions
Is income up to ₹12 lakh tax-free?
Yes, in the new regime taxable income up to ₹12 lakh has nil tax after the 87A rebate. With the ₹75,000 standard deduction, salary up to ₹12.75 lakh pays no tax. Special-rate income such as capital gains is treated differently.
Should I choose the old regime instead?
The old regime allows deductions like 80C, HRA and home-loan interest but has higher rates. If your deductions are large, compare both. The new regime is the default.
Did Budget 2026 change the slabs?
No. The new-regime slabs and the ₹12 lakh rebate limit introduced for FY 2025-26 continue for FY 2026-27.
Sources and further reading
- Income Tax Department: Tax slabs (new regime, section 115BAC)
- Income Tax Department: Income tax slabs for individuals
- Wikipedia: Income tax in India
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This calculator gives estimates for information only. It is not tax or legal advice. Tax rules change and depend on your circumstances, so check current rules or ask a qualified professional. See our disclaimer.