Tax year 2026-27 (FY 2026-27)
Income tax calculator old vs new regime
See your tax for 1 April 2026 to 31 March 2027 under both regimes, with the rebate, marginal relief, surcharge and cess worked out line by line. Nothing you type leaves this device.
Last updated: Reviewed by IndiaDigital editorsSources
Enter your salary or income to see both regimes side by side.
New regime (default)
Tax for the year
₹0
₹0 a month · 0% of your income
Old regime
Tax for the year
₹0
₹0 a month · 0% of your income
Estimate for planning. Your employer’s TDS, Form 16 and the e-filing portal’s figures are what count. Talk to a CA for capital gains, business income or anything unusual.
ITR documents checklist
Tick what applies to you. The list and the likely ITR form update as you go. Print it or keep it open while you file.
Likely form: ITR-1 Forms for tax year 2026-27 are notified in early 2027; names may change under the new Act.
How it works
- Slabs, standard deduction, rebate and surcharge come from the Income-tax Act, 2025 (in force from 1 April 2026) and the Finance Bill 2026 memorandum, which kept the rates unchanged.
- New regime (section 202, the default): nil up to ₹4 lakh, then 5% to 30%. Salaried people get a ₹75,000 standard deduction, and the section 156 rebate makes tax nil up to ₹12 lakh of taxable income, with marginal relief just above it.
- Old regime (if you opt out under section 202(4)): exemption of ₹2.5 lakh, ₹3 lakh at 60 and ₹5 lakh at 80, a ₹50,000 standard deduction, a ₹12,500 rebate up to ₹5 lakh, and deductions such as section 123 (old 80C), health insurance, home-loan interest and NPS.
- Taxable income and tax are rounded to the nearest ₹10. Capital gains at special rates, business income and non-residents are not covered: use a CA or the e-filing portal for those.
Questions people ask
Is income up to ₹12 lakh tax-free in 2026-27?
Under the new regime, yes for resident individuals: the section 156 rebate of up to ₹60,000 cancels the tax when taxable income is ₹12 lakh or less. With the ₹75,000 standard deduction, a salary of up to ₹12.75 lakh pays no tax. Income taxed at special rates, such as most capital gains, does not get this rebate.
What is marginal relief above ₹12 lakh?
If your taxable income is a little above ₹12 lakh, your tax cannot be more than the amount by which your income crosses ₹12 lakh. For ₹12.1 lakh, tax is ₹10,000 plus cess, not ₹61,500. The relief fades out at about ₹12.7 lakh.
Which regime should I choose?
For most salaried people without a home loan, the new regime costs less. The old regime can win when your deductions (HRA, section 123 investments, health insurance, home-loan interest, NPS) are large. The calculator shows the deductions at which the two cost the same.
What changed with the Income-tax Act, 2025?
From 1 April 2026 the 1961 Act is replaced. "Previous year" and "assessment year" become one "tax year", and sections are renumbered: 87A is now 156, 80C is now 123, 80D is now 126 and 115BAC is now 202. The tax rates for 2026-27 did not change.
When is the return for tax year 2026-27 due?
Returns for 2026-27 are filed from April 2027. For ITR-1 and ITR-2 the due date is 31 July 2027; the Finance Bill 2026 moved non-audit business and profession cases to 31 August. Check the e-filing portal for the final dates.
Sources
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