Income Tax Calculator
Estimate tax under new regime for FY 2026-27 (simplified).
Last updated: Aug 3, 2026
Disclaimer: Results here are estimates for general understanding only and are not financial, tax, investment or legal advice. Figures assume constant rates and inputs, and may differ from your bank, lender or tax department calculations. Always verify with official sources or a qualified professional before making any financial decision.
01
New Regime Tax Estimate
$$ \text{Tax} = \sum (\text{slab income} \times \text{rate}) + 4\% \text{ cess} $$
Step 1
$$ \text{Taxable} = \text{Income} - 75{,}000 $$
Standard deduction under new regime.
Step 2
$$ \text{Apply progressive slabs} $$
0–4L: 0%, 4–8L: 5%, 8–12L: 10%, etc.
Step 3
$$ \text{Add 4\% Health & Education Cess} $$
Final tax liability.
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About Income Tax Calculator
This calculator provides a simplified estimate of income tax under the new tax regime for individuals in India. It applies the progressive slab rates commonly used after recent budgets (basic exemption up to ₹4 lakh, then 5%, 10%, 15%, 20%, 25%, 30%) plus 4% cess. Standard deduction of ₹75,000 is applied.
It does not cover all deductions, surcharge for very high incomes, or old-regime Chapter VI-A deductions. For official filing use the Income Tax Department calculator or consult a tax professional. Figures are for planning only.
Practical Tips (India)
Tip 1: Compare both regimes every year — if you claim 80C, 80D, HRA or home loan interest above ₹3–4 lakh, the old regime may still win.
Tip 2: Do not let tax-saving lock your money into low-yield instruments; check the post-tax return before buying.
Tip 3: Rebate under Section 87A can bring your tax to nil up to ₹7 lakh under the new regime — verify eligibility for FY 2026-27.
Frequently Asked Questions
What are the new regime tax slabs for FY 2026-27?
Typical structure used: Nil up to ₹4 lakh, 5% (4–8L), 10% (8–12L), 15% (12–16L), 20% (16–20L), 25% (20–24L), 30% above ₹24 lakh, plus 4% cess.
Is standard deduction available in new regime?
Yes. ₹75,000 standard deduction is available under the new regime for salaried individuals.
Should I choose old or new regime?
New regime is simpler and beneficial if you have limited deductions. Old regime may be better if you claim large 80C, 80D, HRA and home loan interest. Compare both every year.
Does this include surcharge?
No. Surcharge applies at higher income levels (above ₹50 lakh). This calculator focuses on basic slab tax + cess for the majority of taxpayers.
Is this official?
No. It is an independent estimate. Always verify with the official Income Tax Department calculator or a CA before filing.