Income Tax Calculator FY 2025-26 / 2026-27
Estimate your income tax liability under the New and Old Tax Regimes.
Applies ₹75,000 Standard Deduction
Standard Deduction
₹75,000
Net Taxable Income
₹11,25,000
Estimated Tax Payable
₹0
*Tax slabs updated as per Union Budget 2026. This is an estimate based on simplified rules.
Income Tax (India) 2026 Guide
Understanding your tax liability is crucial for effective financial planning. Our Income Tax Calculator is updated for FY 2025-26 and FY 2026-27 as per the Union Budget 2026. The new tax regime is now the default choice, offering significantly lower tax rates for income up to ₹24 lakh.
New Regime Slabs (FY 2026-27)
- ₹0 – ₹4 Lakh: Nil
- ₹4 – ₹8 Lakh: 5%
- ₹8 – ₹12 Lakh: 10%
- ₹12 – ₹16 Lakh: 15%
- ₹16 – ₹20 Lakh: 20%
- ₹20 – ₹24 Lakh: 25%
- Above ₹24 Lakh: 30%
Key Benefits
- Standard Deduction: Increased to ₹75,000 for salaried employees.
- Section 87A Rebate: Zero tax for income up to ₹12.75 lakh (including deduction).
- Ease of Use: No need to track complicated investments or receipts.
Frequently Asked Questions (FAQ)
Disclaimer: This calculator is for informational purposes only and should not be considered financial or tax advice. Please verify with official sources (incometax.gov.in) before making decisions.