India income tax calculator
Your FY 2026-27 tax and in-hand salary. Income up to ₹12 lakh (₹12.75 lakh salary) pays no tax under the new regime.
Line by line
I tuoi numeri, passo per passo.
How your income fills the tax bands
Each slice of taxable income is taxed at its own rate, so only the part above a threshold pays the higher rate.
| Rate | Band | Your income in it | Tax |
|---|
Rules and sources
- Income Tax Department: salaried individuals
- Income tax slabs FY 2025-26 and FY 2026-27 (new and old regime)
- Budget 2026-27: slabs, rebate and standard deduction unchanged
- Surcharge 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore (37% above ₹5 crore in the old regime), with marginal relief; health and education cess 4%. Old-regime figures are for people under 60.
Domande frequenti
Which regime should I choose?
The new regime has lower rates and no tax up to ₹12 lakh of taxable income, but almost no deductions. The old regime can win if you claim large deductions, typically well over ₹4–5 lakh through 80C, 80D, HRA and home-loan interest. The calculator works out both.
Did Budget 2026 change the slabs?
No. For FY 2026-27 the new-regime slabs (0% to ₹4 lakh, then 5% steps up to 30% above ₹24 lakh), the ₹75,000 standard deduction and the 87A rebate are unchanged. The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026 without changing rates.