Income Tax Calculator FY 2026-27 (AY 2027-28)
Compare tax liability under the Old Regime vs the New Tax Regime (Section 115BAC) and see how much you save.
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₹1 Lakh₹50 Lakhs+
₹0₹5 Lakhs
ℹ️ Standard Deduction Applied automatically:
- New Regime: ₹75,000 standard deduction
- Old Regime: ₹50,000 standard deduction
Recommended Option
New Tax Regime 🌟
Saving: ₹0 compared to the other regime.
New Regime Tax
₹0
Net Income: ₹0
Old Regime Tax
₹0
Net Income: ₹0
New Regime Base Tax:₹0 + 4% Cess (₹0)
Old Regime Base Tax:₹0 + 4% Cess (₹0)
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New Tax Regime vs Old Tax Regime Slabs
| New Regime Slab (FY 2026-27) | New Rate | Old Regime Slab | Old Rate |
|---|---|---|---|
| Up to ₹3,00,000 | Nil | Up to ₹2,50,000 | Nil |
| ₹3,00,001 to ₹6,00,000 | 5% | ₹2,50,001 to ₹5,00,000 | 5% |
| ₹6,00,001 to ₹9,00,000 | 10% | ₹5,00,001 to ₹10,00,000 | 20% |
| ₹9,00,001 to ₹12,00,000 | 15% | ||
| ₹12,00,001 to ₹15,00,000 | 20% | Above ₹10,00,000 | 30% |
| Above ₹15,00,000 | 30% |
Tax Savings Rule of Thumb:
For individuals with annual income above ₹7.5 Lakhs who do not claim significant deductions (like Home Loan interest under Section 24b or substantial Chapter VI-A deductions), the New Tax Regime usually works out to be far more beneficial because of its lower tax slab rates and higher rebate limit (Section 87A rebate up to ₹7 Lakhs net taxable income).