calculate Income Tax Calculator

📊 Income Tax Calculator FY 2026-27

Compare Old vs New Tax Regime with Budget 2026 Updates

✅ Updated for AY 2027-28 | New Tax Slabs | Standard Deduction
💡 Smart Tip: Enter your income details. The computation will update automatically on the right.

📋 Tax Calculator India: Income Details

Use our income tax calculator to estimate your tax liability for FY 2025-26. This tool supports both the new tax regime and the old regime, including the latest income tax slabs 2026.

FY 2026-27 (AY 2027-28)
FY 2026-27 (AY 2027-28)
FY 2025-26 (AY 2026-27)
FY 2024-25 (AY 2025-26)
FY 2023-24 (AY 2024-25)
FY 2022-23 (AY 2023-24)
FY 2021-22 (AY 2022-23)
Below 60 Years
Below 60 Years
60 to 80 Years (Senior Citizen)
Above 80 Years (Super Senior)

💰 Income

📉 Deductions (Old Regime Only)

Note: Not available in New Regime

PPF, ELSS, LIC (Max ₹1,50,000)
Health Insurance Premium
Additional NPS (Max ₹50,000)
Section 24(b) - Max ₹2,00,000
Education loan, donations, etc.

💰 Tax Computation

ParticularsOld RegimeNew Regime
Gross Income₹0₹0
Deductions / Std. Ded.₹0₹0
Taxable Income₹0₹0
Income Tax₹0₹0
Cess (4%)₹0₹0
Total Tax Payable₹0₹0
Recommended Regime
Calculate to see recommendation
🛠️ Related Tax Tools

📋 Tax Slabs for FY 2026-27

Old Regime (Below 60)

  • Up to ₹2.5L: 0%
  • ₹2.5L - ₹5L: 5%
  • ₹5L - ₹10L: 20%
  • Above ₹10L: 30%

New Regime (All Ages)

  • Up to ₹4L: 0%
  • ₹4L - ₹8L: 5%
  • ₹8L - ₹12L: 10%
  • ₹12L - ₹16L: 15%
  • ₹16L - ₹20L: 20%
  • ₹20L - ₹24L: 25%
  • Above ₹24L: 30%

Frequently Asked Questions about Income Tax

Find answers to common questions about income tax calculator. These FAQs are designed to help you understand key concepts and make informed decisions.

1. Which financial year does this income tax calculator support?

This income tax calculator is updated for FY 2026-27 (AY 2027-28) with the latest income tax slabs 2026. It also supports previous years from FY 2021-22 for comparison.

2. What is the standard deduction for FY 2026-27?

For FY 2026-27, the standard deduction for salaried individuals is ₹50,000 under the old regime and ₹75,000 under the new tax regime, as per the latest Budget 2026 updates.

3. What are the income tax slab rates for the New Tax Regime in FY 2026-27?

The slab rates are: 0-4L: Nil, 4-8L: 5%, 8-12L: 10%, 12-16L: 15%, 16-20L: 20%, 20-24L: 25%, Above 24L: 30%.

4. Can I compare Old and New Tax Regimes?

Yes, our tool provides a side-by-side comparison of your tax liability under both the old and new tax regimes, helping you choose the more beneficial option.

5. Does this calculator include cess and surcharge?

Yes, the final tax is calculated inclusive of a 4% Health and Education Cess. Applicable surcharge is also automatically calculated for high-income individuals.

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