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Income Tax Calculator FY 2026-27

Estimate your income tax for FY 2026-27 and see whether the new or old regime saves you more. Enter your yearly income; the tool applies the latest slabs, standard deduction, 87A rebate and 4% cess.
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Income tax calculator

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Estimate for a resident individual under 60, salaried (standard deduction applied). Includes 87A rebate + 4% cess; excludes surcharge above ₹50 lakh and capital-gains/special-rate income. Not tax advice — confirm with a CA before filing.

New vs old regime — the short version

The new regime (now the default) has lower slab rates, a ₹75,000 standard deduction and no tax up to ₹12 lakh taxable — but you give up almost all other deductions. The old regime keeps higher rates but lets you claim 80C (up to ₹1.5 lakh), home-loan interest, HRA, 80D and more.

The rule of thumb: if your deductions are large (home loan + full 80C + HRA), the old regime can still win; if you claim little, the new regime almost always wins. The calculator settles it for your exact numbers. To put a tax refund or saving to work, compare a fixed deposit, PPF or gold vs FD.

Slabs as announced for FY 2026-27; indicative only. RatesToday is not a tax adviser — verify with the Income Tax Department.

Income tax — FAQs

It depends on your deductions. The new regime has lower slab rates and a bigger standard deduction but almost no other deductions; the old regime has higher rates but lets you claim 80C, home-loan interest, HRA and more. Enter your numbers above and the tool shows both, side by side.
Under the new regime, a resident with taxable income up to ₹12 lakh pays no tax because of the Section 87A rebate — about ₹12.75 lakh of salary once the ₹75,000 standard deduction is applied. Above that, tax applies on the amount over ₹4 lakh by the slabs.
A flat cut from salary before tax: ₹75,000 under the new regime and ₹50,000 under the old regime, for salaried people and pensioners. The tool applies it automatically.
It is a close estimate for a resident individual below 60. It includes 4% cess and the 87A rebate, but excludes surcharge on incomes above ₹50 lakh, capital-gains and other special-rate income. Always confirm with a CA or the Income Tax Department before filing.
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