Budget 2026 income Tax Calculator india – New vs Old Regime FY 2026-27
Use this Income Tax Calculator India to estimate your tax liability under the old and new tax regimes. For the latest FY 2026–27 rules, see our dedicated FY 2026–27 Income Tax Calculator.Confused whether the old tax regime or new tax regime saves more money? Use this free Income Tax Calculator India 2026-27 to estimate your tax liability within seconds.
Enter your annual income, deductions and other details to compare both tax regimes and understand how much tax you may need to pay.
This calculator is designed for Indian taxpayers including salaried employees, professionals and individuals who want a simple tax estimate before financial planning.
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 compare the estimated tax under both regimes and determine which may be more suitable for your circumstances.
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.
Note: This calculator is designed as a general tax-planning estimate. It does not separately account for the different old-regime basic exemption limits applicable to senior and super-senior citizens.
This income tax calculator is created for educational and planning purposes. Tax rules, deductions and slabs may change based on government notifications. Always verify the latest income tax rules before filing your return.
For official income tax rules and latest updates, you can also visit the Income Tax Department of India .
Budget announcements and tax changes are published by the Union Budget official website .
How Does This Income Tax Calculator Work?
This calculator estimates your tax based on your taxable income, applicable slabs and available deductions. It helps you quickly compare the old tax regime and new tax regime before choosing the suitable option.
- Enter your annual income
- Add eligible deductions and exemptions
- Compare estimated tax amount
- Select the better tax regime based on your situation
Old Tax Regime slabs after Budget 2026
Old regime slabs remain unchanged:
Up to ₹2.5 lakh → 0%
₹2.5 – ₹5 lakh → 5%
₹5 – ₹10 lakh → 20%
Above ₹10 lakh → 30%
Standard deduction
Old regime standard deduction = ₹50,000.
Deductions allowed
80C investments
80D health insurance
HRA exemption
Home-loan interest
Eligible deductions should be entered only where applicable. The calculator uses the deduction amount you provide for the old-regime estimate.
Income Tax Slabs for FY 2026–27 (Reference)
New regime slabs FY 2026-27
Up to ₹4,00,000 → 0%
₹4,00,001 – ₹8,00,000 → 5%
₹8,00,001 – ₹12,00,000 → 10%
₹12,00,001 – ₹16,00,000 → 15%
₹16,00,001 – ₹20,00,000 → 20%
₹20,00,001 – ₹24,00,000 → 25%
Above ₹24,00,000 → 30%
New regime standard deduction = ₹75,000 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.
Confused between the New Regime and Old Regime? Get the exact checklist and save tax step-by-step using the toolkit below.
Get Free Tax Saving Toolkit PDF (80C + HRA + New Regime)
Want to reduce your income tax legally? Download this free toolkit that simplifies Section 80C, HRA exemption and New vs Old Regime selection.
- ✅ 80C checklist (₹1.5 lakh limit)
- ✅ HRA calculation formula + proof checklist
- ✅ New Regime vs Old Regime decision sheet
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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 in conjunction with the Section 80C and HRA calculators to optimize your tax legally.
Want to reduce your tax legally? Use the Section 80C Tax Saving Calculator to see how much tax you can save.
Explore all personal finance calculators on FinanceRead. Explore all tools in our Personal Finance Calculators hub.
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 more beneficial.
Q3. Can this calculator calculate salary tax?
Yes, salaried employees can use this income tax calculator to estimate yearly tax liability.