2026-27 at a glance
| Item | New regime (default) | Old regime |
|---|---|---|
| Tax-free slab | ₹4 lakh | ₹2.5 lakh (₹3 lakh at 60+, ₹5 lakh at 80+) |
| Top rate | 30% above ₹24 lakh | 30% above ₹10 lakh |
| Standard deduction (salary) | ₹75,000 | ₹50,000 |
| Rebate | up to ₹60,000 – no tax up to ₹12 lakh | up to ₹12,500 – no tax up to ₹5 lakh |
| HRA, 80C, 80D, home loan | not allowed | allowed |
| Health & education cess | 4% | 4% |
Tax year 2026-27 (1 April 2026 to 31 March 2027) is the first year under the Income-tax Act, 2025, which replaced the 1961 Act. Budget 2026 kept the slabs, rebate and standard deduction unchanged, so a salaried employee earning up to ₹12.75 lakh pays no income tax in the new regime.
Choose a calculator
- Which regime? The income tax calculator works out your tax under both regimes side by side.
- From CTC to bank account: the salary calculator splits your CTC into basic, HRA, PF and TDS and shows the monthly in-hand pay.
- Leaving a job: the gratuity calculator uses the Code on Social Security, in force since 21 November 2025.
- Retirement savings: the EPF calculator projects your provident fund balance at 58.
- Renting? The HRA calculator shows how much of your house rent allowance is tax-free in the old regime.
How these calculators are built
The slabs come from section 202 of the Income-tax Act, 2025 and the old-regime First Schedule, with the rebate, marginal relief at ₹12 lakh, surcharge (with marginal relief at ₹50 lakh, ₹1 crore and higher) and 4% cess applied exactly as the Income Tax Department describes them. Tests reproduce the official marginal-relief example (₹12,10,000 → ₹10,000 plus cess) and every slab boundary.
These are estimates for resident individuals with salary and ordinary income. Capital gains taxed at special rates, business income and non-residents are not covered.