Income Tax Calculator
Calculate your income tax for FY 2026-27. Compare New and Old Tax Regime side-by-side with full slab breakdown. Updated with Budget 2025 changes.
Tax Regime
New regime saves ₹81,141 vs old
Total Annual Tax
₹0
Monthly Tax Deduction
₹0
Taxable Income
₹11,25,000
Effective Tax Rate
0.0%
Income Distribution
Tax Slab Breakdown
Regime Comparison
New Regime
₹0
0.0% effective
Old Regime
₹81,141
9.8% effective
How to Calculate Income Tax in India (FY 2026-27)
India has two tax regimes — the New Tax Regime and the Old Tax Regime. From FY 2023-24 onwards, the New Regime is the default. Under the New Regime, income up to Rs 12 lakh is effectively tax-free thanks to Section 87A rebate, making it highly attractive for most salaried individuals.
New Tax Regime Slabs (FY 2026-27)
| Income Range | Tax Rate |
|---|---|
| Up to Rs 4,00,000 | 0% |
| Rs 4,00,001 – Rs 8,00,000 | 5% |
| Rs 8,00,001 – Rs 12,00,000 | 10% |
| Rs 12,00,001 – Rs 16,00,000 | 15% |
| Rs 16,00,001 – Rs 20,00,000 | 20% |
| Rs 20,00,001 – Rs 24,00,000 | 25% |
| Above Rs 24,00,000 | 30% |
A 4% Health and Education Cess is added on top of the total tax. Surcharge applies for incomes above Rs 50 lakh (10%), Rs 1 crore (15%), Rs 2 crore (25%), and Rs 5 crore (37% — capped at 25% for new regime).