Indian Income Tax Calculator FY 2026-27
Tax year FY 2026-27
Enter your income and press Calculate to see your tax, take-home income and the tax per bracket.
About the Indian Income Tax Calculator
Calculate Indian income tax for FY 2026-27 under the new tax regime, which is the default. Enter your gross annual income in rupees; salaried employees and pensioners get the ₹75,000 standard deduction.
The result includes the rebate that makes income up to ₹12 lakh tax-free, the surcharge for high incomes and the 4% health and education cess.
How it is calculated
The new regime slabs are: nil up to ₹4 lakh, 5% up to ₹8 lakh, 10% up to ₹12 lakh, 15% up to ₹16 lakh, 20% up to ₹20 lakh, 25% up to ₹24 lakh and 30% above. Residents with taxable income up to ₹12 lakh get a rebate of up to ₹60,000, so they pay no tax; just above ₹12 lakh, marginal relief limits the tax to the income above ₹12 lakh.
A surcharge of 10%, 15% or 25% applies above ₹50 lakh, ₹1 crore and ₹2 crore, and the 4% cess is charged on tax plus surcharge. The old regime with deductions such as 80C is not covered.
Income tax brackets FY 2026-27
| Income band | Rate |
|---|---|
| Up to ₹400,000 | 0% |
| ₹400,000 – ₹800,000 | 5% |
| ₹800,000 – ₹1,200,000 | 10% |
| ₹1,200,000 – ₹1,600,000 | 15% |
| ₹1,600,000 – ₹2,000,000 | 20% |
| ₹2,000,000 – ₹2,400,000 | 25% |
| Over ₹2,400,000 | 30% |
Worked example: Income of ₹1,500,000
| Taxable income | ₹1,425,000 |
|---|---|
| ₹0 – ₹400,000 × 0% | ₹0 |
| ₹400,000 – ₹800,000 × 5% | ₹20,000 |
| ₹800,000 – ₹1,200,000 × 10% | ₹40,000 |
| ₹1,200,000 – ₹1,600,000 × 15% | ₹33,750 |
| Income tax | ₹93,750 |
| Health and education cess (4%) | ₹3,750 |
| Total tax | ₹97,500 |
| Income after tax | ₹1,402,500 |
| Effective tax rate | 6.5% |
This calculator gives an estimate of income tax for FY 2026-27 based on the published brackets. It does not replace advice from a tax adviser or the tax authority.
Source: Income Tax Department, Government of India · Rates checked: November 1, 2026
Frequently asked questions
Is income up to ₹12 lakh tax-free?
Yes, under the new regime the rebate removes the tax for resident individuals with taxable income up to ₹12 lakh, which is ₹12.75 lakh of salary after the standard deduction.
Did Budget 2026 change the tax slabs?
No, the slabs, the rebate and the standard deduction of the new regime stay the same for FY 2026-27.
Should I choose the old or the new regime?
The new regime is usually better unless you claim large deductions (80C, HRA, home loan interest); compare both with your own figures.