Income Tax Calculator
FY 2026-27 · New & Old Regime · India
Tax Details — FY 2026-27
New Regime Highlights
₹75K
Std. Deduction
₹12L
Zero Tax
7 Slabs
Lower Rates
Regime Comparison
New Regime
₹0
0.0% effective
Old Regime
₹1.17 L
9.8% effective
New Regime saves you ₹1.17 L
Total Tax
₹0
0.0% of income
Net Salary
₹12.00 L
after tax
Effective Rate
0.0%
on gross income
Slab-wise Tax Breakup
Income Breakdown
Effective Rate
0.0%
₹0
0.0% of gross
₹12.00 L
100.0% of gross
₹12.00 L
100%
Tax Slabs — FY 2026-27
New Regime
Standard deduction ₹75K · 87A rebate up to ₹12L (tax-free up to ₹12.75L)
Old Regime
Standard deduction ₹50K · 87A rebate up to ₹5L
New vs Old Regime FY 2026-27?
New Regime: 7 slabs from 0% to 30%, ₹75K standard deduction, zero tax up to ₹12.75L (₹12L rebate limit). Old Regime: 4 slabs, ₹50K standard deduction, deductions under 80C, 80D, HRA, NPS — better if total deductions exceed ₹4–5L.
What is Section 87A Rebate?
New Regime: full rebate (up to ₹60,000) if taxable income ≤ ₹12L — making gross salary up to ₹12.75L effectively tax-free. Old Regime: full rebate (up to ₹12,500) if taxable income ≤ ₹5L.
What is the Standard Deduction?
A flat deduction automatically applied on salary income: ₹75,000 under New Regime and ₹50,000 under Old Regime. No proof or investment required.
What is Health & Education Cess?
A 4% cess is levied on income tax (after surcharge). It funds government health and education initiatives and applies to all taxpayers.