Income tax calculator
Under the new tax regime for Tax Year 2026-27, there is no tax on taxable income of up to ₹12 lakh after the rebate, so a salary of ₹12.75 lakh pays no tax after the ₹75,000 standard deduction. This calculator compares the new and old regimes.
- Tax Year 2026-27 under the new and old regimes, side by side.
- No tax up to ₹12 lakh of taxable income in the new regime, with marginal relief.
- Standard deduction, surcharge, 4% cess and rounding as per the Act.
Tax slabs for Tax Year 2026-27: new regime
- Up to ₹4,00,000
- Nil
- ₹4,00,000 to ₹8,00,000
- 5%
- ₹8,00,000 to ₹12,00,000
- 10%
- ₹12,00,000 to ₹16,00,000
- 15%
- ₹16,00,000 to ₹20,00,000
- 20%
- ₹20,00,000 to ₹24,00,000
- 25%
- Above ₹24,00,000
- 30%
No tax on taxable income up to ₹12 lakh after the rebate. Standard deduction for salaried persons: ₹75,000.
Sources: Income Tax Department; Ministry of Finance; Parliament of India (text published by PRS Legislative Research); Press Information BureauChecked: October 2026