Income Tax Calculator 2026-27
Compare Old vs New tax regime for FY 2026-27 and find which saves you more.
Income & Deductions
Old Regime Deductions
Tax Slab Reference
FY 2026-27 (unchanged from 2025-26)Old Regime
| Income Slab | Rate |
|---|---|
| Up to ₹2.5L | Nil |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
+ 4% cess · 87A rebate if income ≤ ₹5L · Std deduction ₹50,000
New Regime
| Income Slab | Rate |
|---|---|
| Up to ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
+ 4% cess · 87A rebate if income ≤ ₹12L · Std deduction ₹75,000
FAQ
What is the difference between Old and New tax regime?
The old regime allows deductions under 80C, 80D, HRA, etc. The new regime has lower tax rates but no deductions. If your deductions are large, old regime saves more; otherwise, new regime is better.
Who should choose the New Regime in FY 2026-27?
Taxpayers with income up to ₹12 lakh pay zero tax under the new regime due to the rebate under section 87A (FY 2026-27). Those with minimal deductions generally benefit more from the new regime.
What is included in Section 80C?
80C includes: EPF contributions, PPF, ELSS mutual funds, life insurance premiums, NSC, 5-year FD, and home loan principal repayment. Limit: ₹1.5 lakh.