Income Tax Estimator
Tax Year 2026-27 - Old vs New Tax Regime for resident individuals
Income Details (Tax Year 2026-27)
Standard deduction on salary is applied automatically: ₹75,000 in the new regime, ₹50,000 in the old regime (or the salary, if lower). Do not include capital gains taxed at special rates.
Age During the Year
Higher basic exemption for 60+ applies only in the old regime.
Tax Summary
Total Tax Liability
₹0
Effective rate: 0.00%
Monthly TDS (approx)
₹0
Estimate for a resident individual under the Income-tax Act, 2025 read with Finance Act, 2026. Capital gains and other special-rate income are not included. Tax year 2026-27 uses the rates in force for advance tax and salary TDS. Consult a Chartered Accountant for accurate filing.
New Tax Regime (default) - Slab Breakdown
Tax Year 2026-27 | Income-tax Act, 2025 s.202(1) | Taxable Income: ₹0
| Income Range | Tax Rate | Taxable in Slab | Tax Amount |
|---|---|---|---|
| ₹0 - ₹4,00,000 | 0% | ₹0 | ₹0 |
| ₹4,00,001 - ₹8,00,000 | 5% | ₹0 | ₹0 |
| ₹8,00,001 - ₹12,00,000 | 10% | ₹0 | ₹0 |
| ₹12,00,001 - ₹16,00,000 | 15% | ₹0 | ₹0 |
| ₹16,00,001 - ₹20,00,000 | 20% | ₹0 | ₹0 |
| ₹20,00,001 - ₹24,00,000 | 25% | ₹0 | ₹0 |
| Above ₹24,00,000 | 30% | ₹0 | ₹0 |
| Totals | ₹0 | ₹0 | |
Calculation Formula
Total Tax = Tax on slabs - Rebate + Surcharge + Cess
Rebate: up to ₹60,000 if income does not exceed ₹12,00,000, with marginal relief above it
Surcharge: 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore (maximum 25% in the new regime), with marginal relief
Cess = 4% of (Tax after rebate + Surcharge)