Income Tax Calculator — AY 2026-27

CalculatorsTax under both regimes for AY 2026-27, with the working shown band by band.

Net taxable income

₹

Income after every deduction and exemption — the figure the tax slabs apply to.

Your age

Changes the exemption limit in the old regime only.

Both are always calculated. This only chooses which working is shown.

Tax under the new regime

₹1,09,200

7.28% of your net income · 15% on the next rupee

slab tax − rebate + surcharge − marginal relief + 4% cess

New regime

₹1,09,200

Old regime

₹2,73,000

The new regime is cheaper by ₹1,63,800 — but only on this figure. The old regime lets you deduct more before you get here, so compare net income to net income, not net to gross.

Tax before rebate: ₹1,05,000; each band × its own rate
Section 87A rebate: —; income above the ceiling; lesser of the tax or the rebate cap
Surcharge: —; under ₹50 lakh; tax after rebate × surcharge rate
Marginal relief: —; not applicable; extra tax − extra income, when the first exceeds the second
Health & education cess: ₹4,200; 4% of tax plus surcharge
Income after tax: ₹13,90,800; net taxable income − total tax

Band by band · new regime

Band	Rate	Taxed here	Tax
₹1 – ₹4,00,000	0%	₹4,00,000	₹0
₹4,00,001 – ₹8,00,000	5%	₹4,00,000	₹20,000
₹8,00,001 – ₹12,00,000	10%	₹4,00,000	₹40,000
₹12,00,001 – ₹16,00,000	15%	₹3,00,000	₹45,000

Figures are for assessment year 2026-27 (financial year 2025-26), under the Income-tax Act, 1961, as amended by the Finance Act, 2026. This calculates tax on a net income you supply — it does not work out your deductions, and it does not handle capital gains, which are taxed at their own rates.

How this is calculated

Tax = sum over bands of (income in that band x that band's rate)

Then, in order:
  - rebate      section 87A, if net income is under the ceiling
  - surcharge   a percentage of the TAX, above 50 lakh of income
  - relief      so crossing a threshold never costs more than it earns
  - cess        4% of (tax + surcharge), added last

New regime (115BAC), AY 2026-27      Old regime, AY 2026-27 (under 60)
  up to    4,00,000    nil             up to    2,50,000    nil
   4,00,001-8,00,000    5%              2,50,001-5,00,000    5%
   8,00,001-12,00,000   10%             5,00,001-10,00,000   20%
  12,00,001-16,00,000   15%            above   10,00,000    30%
  16,00,001-20,00,000   20%
  20,00,001-24,00,000   25%            Exemption rises to 3,00,000 at 60,
  above    24,00,000    30%            and to 5,00,000 at 80.

Rebate: 60,000 up to 12,00,000 (new) - 12,500 up to 5,00,000 (old)
Surcharge: 10% over 50L - 15% over 1cr - 25% over 2cr - 37% over 5cr

Read this before you rely on the number

This is an estimate, not tax advice.

This is an estimate for a salaried individual, not tax advice, and it is not a substitute for a chartered accountant or the department's own utility. It computes tax on a net income you supply — it does not work out your deductions, does not handle capital gains, business income, foreign income or relief under a treaty, and does not know anything about your particular circumstances. The rates below were copied from the CBDT document on the date shown; slabs change with every Union Budget. Check the source before you rely on this for a filing or a payment.

Rates taken from

Income Tax Department (CBDT) — Tax Rates, AY 2026-27 · checked 7 September 2026

Report an error in this tool

How it works

Indian income tax is progressive, which is the single most misunderstood thing about it. Moving into the 30% band does not tax your whole income at 30% — it taxes only the part above that threshold. Someone on ₹25 lakh under the new regime pays nothing on the first ₹4 lakh, 5% on the next ₹4 lakh, and so on up. The band-by-band table on this page is there because seeing it once tends to settle the question permanently.

There are two regimes, and since AY 2024-25 the new one is the default. It has wider, gentler bands and a large rebate, but you give up almost every deduction: 80C, most of 80D, HRA, LTA. The old regime keeps those deductions and charges more on what is left. Which wins depends entirely on how much you actually claim, which is why the honest comparison is net income against net income — not the new regime's net against the old regime's gross.

Two thresholds do something unusual. Under the new regime, a rebate wipes out the tax entirely up to ₹12,00,000 of net income — then, just past it, marginal relief caps your bill at whatever you earned above the line, so a rupee over the ceiling costs a rupee, not sixty thousand. Above ₹50 lakh a surcharge applies to the tax itself, with the same kind of relief at each step. Both are handled here, and both are where simpler calculators quietly go wrong.

The old regime's rebate has no such relief. Cross ₹5,00,000 of net income by ₹100 and the ₹12,500 rebate disappears outright, taking about ₹13,000 with it. That cliff is real and it is in the statute — this tool shows it rather than smoothing it over, because someone sitting near that line is exactly the person who needs to know.

Worked example

₹16,00,000 of net taxable income, new regime, AY 2026-27

First 4,00,000 at 0% = 0
Next 4,00,000 at 5% = 20,000
Next 4,00,000 at 10% = 40,000
Next 4,00,000 at 15% = 60,000
---------
Tax before rebate = 1,20,000
Rebate (income over 12L) = 0
Cess at 4% = 4,800
---------
Total tax = 1,24,800

₹1,24,800 — an effective rate of 7.8%, though the next rupee is taxed at 15%

How to use it

Enter your net taxable income — what is left after every deduction and exemption you are entitled to, not your CTC or gross salary.
Set your age. It changes the exemption limit in the old regime only; the new regime is the same at every age.
Read the comparison. Both regimes are always calculated, and the cheaper one is highlighted.
Switch the breakdown to see the working band by band under either regime.
If you are near ₹12,00,000 (new) or ₹5,00,000 (old), try a slightly higher figure. What happens at those two thresholds is worth seeing before you plan around them.

What this tool does not do

It does not compute your deductions. Standard deduction, 80C, 80D, HRA and the rest are yours to work out first — this takes the net figure and applies the slabs to it.
Salary and similar income only. Capital gains under sections 111A, 112 and 112A are taxed at their own rates and are not handled here, nor is business income, presumptive taxation or income taxed under a treaty.
Assessment year 2026-27 only. Earlier years used different slabs and are not offered rather than guessed at.
Surcharge above ₹5 crore: the CBDT table lists 37% for both regimes, while its marginal-relief note for the new regime stops at ₹2 crore. The rate is encoded exactly as the document prints it. If your income is in that range, check with a professional rather than this page.
It assumes you are resident in India. Non-resident status changes exemption limits and what is taxable in the first place.
It is not a filing tool and produces nothing you can submit. Use the department's own utility for that.

Frequently asked questions

Which regime should I choose?

Whichever is cheaper on your actual numbers, which this page shows for the net income you enter. As a rough guide, the new regime wins unless your deductions are large — the crossover for most salaried people sits somewhere around ₹3.5 to ₹4 lakh of total deductions. Work out your old-regime net income properly, including HRA and 80C, and compare that against your new-regime net income.

Is income up to ₹12 lakh really tax-free under the new regime?

Under this rate table, yes — the section 87A rebate of ₹60,000 exactly cancels the ₹60,000 of slab tax on ₹12,00,000 of net income. Note the word net: that is after deductions, so the gross salary at which you pay nothing is higher. The rebate is for resident individuals only.

What happens if I earn one rupee over ₹12 lakh?

Almost nothing, because of marginal relief. The Act caps your bill at the amount by which your income exceeds ₹12,00,000, so ₹10,000 over the line means about ₹10,400 of tax rather than the ₹61,500 the slabs alone would give. This page applies that relief; many calculators do not.

Why is the old regime's ₹5 lakh threshold so much harsher?

Because the statute gives marginal relief on the new regime's rebate and not on the old one's. Crossing ₹5,00,000 of net income by even a small amount removes the ₹12,500 rebate entirely and adds cess on top. It is a genuine cliff, and this tool shows it rather than smoothing it, because that is what the law does.

What is the surcharge, and when does it apply?

It is a percentage added to your tax, not to your income, once net income passes ₹50 lakh — 10% there, rising at ₹1 crore, ₹2 crore and ₹5 crore. Marginal relief applies at each step so that crossing a threshold never costs more than the income that took you over it.

Does this include the standard deduction?

No, and that is deliberate. The CBDT rate tables are defined on net income, so that is what this tool takes. Working a salary down to net income needs the standard deduction, PF, professional tax and your chapter VI-A claims — a separate job with separate sources, and one this page does not pretend to do.

Which year does this cover?

Assessment year 2026-27, which is financial year 2025-26 — the year you file for in 2026. The figures come from the Income Tax Department's own rates document under the Income-tax Act 1961 as amended by the Finance Act 2026, and the date they were last checked is shown above the calculator.

I think a number here is wrong. What should I do?

Tell us — there is a link above the calculator and at the foot of this page, and a report that names the figure you got and the figure you expected can be acted on the same day. Tax slabs are the one thing on this site that cannot be derived from first principles, so corrections from people who check them are genuinely valuable.

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— every formula on this page is published so it can be checked.

Last updated 7 September 2026.