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All Tools›Finance & Business›Income Tax Calculator FY 2026-27

Income Tax Calculator FY 2026-27

Old vs New regime comparison with slab-wise breakdown

Finance & BusinessFREEYour data never leaves your browser

₹12,00,000

New Regime saves you ₹1,63,800/year in taxes
New RegimeBetter

₹0

total annual tax

Taxable income₹11,25,000
Effective rate0%
Yearly in-hand₹12,00,000
Old Regime

₹1,63,800

total annual tax

Taxable income₹11,50,000
Effective rate13.65%
Yearly in-hand₹10,36,200

New Regime — Tax vs Take-Home

Tax: ₹0 (0%)
Take-home: ₹12,00,000 (100.0%)

New Regime — Slab Breakdown

₹0 – ₹4,00,000 @ 0%₹0
₹4,00,000 – ₹8,00,000 @ 5%₹20,000
₹8,00,000 – ₹12,00,000 @ 10%₹32,500
87A Rebate-₹52,500
Health & Education Cess (4%)₹0
Total Tax₹0
ComponentNew RegimeOld Regime
Gross Income₹12,00,000₹12,00,000
Total Deductions₹75,000₹50,000
Taxable Income₹11,25,000₹11,50,000
Tax (before rebate)₹52,500₹1,57,500
87A Rebate₹52,500₹0
Surcharge₹0₹0
Health & Education Cess (4%)₹0₹6,300
Total Tax₹0₹1,63,800
Effective Tax Rate0%13.65%
Yearly In-Hand₹12,00,000₹10,36,200

How to Use

1

Enter your annual gross income and select your age group

2

Add deductions for Old Regime — 80C, 80D, HRA, NPS

3

View side-by-side comparison of Old vs New regime tax

4

Check the slab-wise breakdown and donut chart for tax vs take-home split

Frequently Asked Questions

New Regime (FY 2026-27): 0-4L = 0%, 4-8L = 5%, 8-12L = 10%, 12-16L = 15%, 16-20L = 20%, 20-24L = 25%, above 24L = 30%. Standard deduction of Rs 75,000 applies.

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