Income Tax Calculator India – Calculate Tax for FY 2026-27
Income tax rules change frequently, and using outdated slabs can lead to wrong planning decisions. With the new tax regime now being the default option, many taxpayers are confused about which regime actually saves more tax.
This income tax calculator India helps you calculate your tax liability for FY 2026-27 (AY 2027-28) under both the old tax regime and the new tax regime. It gives a clear comparison so you can choose the option that legally minimises your tax outgo.
This income tax calculator India estimates tax payable for FY 2026-27 under new and old tax regimes.
Income Tax Calculator (India)
Tax calculation includes Section 87A rebate and 4% Health & Education Cess as per current income tax rules.
Income Tax Slabs for FY 2025–26 (Reference)
New Tax Regime (FY 2025–26)
• Up to ₹3,00,000 – Nil
• ₹3,00,001 to ₹6,00,000 – 5%
• ₹6,00,001 to ₹9,00,000 – 10%
• ₹9,00,001 to ₹12,00,000 – 15%
• ₹12,00,001 to ₹15,00,000 – 20%
• Above ₹15,00,000 – 30%
Standard deduction of ₹50,000 is applicable for salaried individuals. Official income tax rules and slabs are published on the Income Tax Department of India website.The calculator above automatically applies these slabs while calculating tax.
CONCLUSION
Income tax planning works best when based on the latest rules, not assumptions. Choosing the wrong tax regime can result in paying more tax than required. This income tax calculator India helps you clearly compare tax liability for FY 2026-27 under both regimes so you can make an informed decision. Always review your calculation if income, deductions, or tax rules change during the year.
For better planning, use this calculator along with the Section 80C and HRA calculators to optimise your tax legally.
FAQs – Income Tax Calculator
Q1. Is the income tax calculator accurate for filing returns?
The income tax calculator provides an estimate based on current tax slabs and standard rules. Final tax payable may differ due to rebates, cess, surcharge, or changes in tax laws. Always use it for planning, not as a substitute for official filing.
Q2. Should I choose the new tax regime or the old tax regime?
The better regime depends on your income level and deductions. If you claim deductions like Section 80C, HRA, or home loan interest, the old regime may save more tax. If you have fewer deductions, the new regime is often simpler and beneficial.
Want to reduce your tax legally? Use the Section 80C Tax Saving Calculator to see how much tax you can save.
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