Income Tax Calculator (new regime, FY 2026-27)
See the tax on your yearly income under the new regime. Taxable income up to ₹12 lakh pays zero tax with the 87A rebate; salaried people also get a ₹75,000 standard deduction.
₹15 lakh income (salaried): tax + cess ₹97,500.
How it is calculated
- Taxable income = gross income − ₹75,000 (for salaried).
- Slabs: up to ₹4 lakh 0, 4–8 lakh 5%, 8–12 lakh 10%, 12–16 lakh 15%, 16–20 lakh 20%, 20–24 lakh 25%, above 24 lakh 30%.
- Taxable income up to ₹12 lakh: zero tax via 87A; above that, 4% health and education cess on the tax.
Worked example
A salaried person earns ₹15,00,000 a year. After the standard deduction, taxable income is ₹14,25,000. Slab tax plus 4% cess comes to ₹97,500, i.e. 6.5 % of gross income.
| Annual income | ₹15,00,000 |
| Salaried? | Yes (₹75,000 std. deduction) |
| Tax + 4% cess | ₹97,500 |
| Taxable income | ₹14,25,000 |
| Effective rate | 6.5 % |
Formula
New tax regime slabs + ₹12 lakh rebate (Finance Act 2025, kept unchanged by Budget 2026 for FY 2026-27 under the Income-tax Act 2025)
ti = max(0,G-Sd) Tax + 4% cess = taxNew(ti) Taxable income = ti Effective rate = taxNew(ti)/G×100
Good to know
- For salaried people, income up to ₹12.75 lakh means zero tax.
- Surcharge on income above ₹50 lakh is not included. Check with a CA before big decisions.
Questions people ask
Up to what income is there no tax in the new regime?
Zero tax up to ₹12 lakh taxable income via 87A; ₹12.75 lakh for salaried with the ₹75,000 deduction.
Did slabs change for FY 2026-27?
Budget 2026 kept the same new-regime slabs as FY 2025-26.
Does it cover the old regime?
For now this calculator covers the new (default) regime.
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Updated 13 Nov 2026 · Desktop N Calculator v1.2.0