How the Income Tax Calculator works
New regime FY 2026-27: no tax up to ₹4 lakh, then 5% (₹4–8 lakh), 10% (₹8–12 lakh), 15% (₹12–16 lakh), 20% (₹16–20 lakh), 25% (₹20–24 lakh) and 30% above ₹24 lakh. Salaried people get a ₹75,000 standard deduction, and a rebate makes tax zero when taxable income is up to ₹12 lakh (with marginal relief just above it). Old regime: no tax up to ₹2.5 lakh (₹3 lakh at 60+, ₹5 lakh at 80+), 5% up to ₹5 lakh, 20% up to ₹10 lakh and 30% above, a ₹50,000 standard deduction and a rebate up to ₹5 lakh. Surcharge applies above ₹50 lakh and 4% health and education cess is added to the tax.
Questions people ask
Did Budget 2026 change the tax slabs?
No. The slabs and rates for FY 2026-27 are the same as FY 2025-26 under both regimes.
Which regime should I choose?
The calculator shows both. The old regime usually wins only when your deductions (80C, 80D, HRA, home loan interest and others) are large.
Is this exact?
It's an estimate. Special-rate income such as capital gains, and marginal relief on surcharge, aren't included. Check with a tax professional before filing.
Results are estimates for planning only, not advice or a promise of returns.