Income Tax Calculator FY 2026-27 (New Regime)

Enter your annual income to see the exact tax under the FY 2026-27 new-regime slabs (section 202 of the Income-tax Act, 2025) — including the ₹60,000 rebate, marginal relief, surcharge and cess.

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📘 Read the full guide: Income Tax Slabs FY 2026-27 — New and Old Regime Explained →

How to use the Income Tax Calculator FY 2026-27 (New Regime)

Enter your gross annual income before any deduction.
Choose salaried if you earn salary or pension — the ₹75,000 standard deduction is applied automatically.
Add any employer NPS contribution (section 124, old 80CCD(2)); it is the main deduction still allowed in the new regime.
Read the total tax, the rebate applied and the monthly TDS your employer should deduct.

Formula used

Taxable income = Gross income − ₹75,000 standard deduction (salaried) − employer NPS (section 124, old 80CCD(2)).

Slabs FY 2026-27 — section 202 (old 115BAC): 0–4L nil · 4–8L 5% · 8–12L 10% · 12–16L 15% · 16–20L 20% · 20–24L 25% · above 24L 30%.

Rebate — section 156 (old 87A): full tax (max ₹60,000) if taxable income ≤ ₹12L. Above ₹12L, marginal relief caps tax at taxable income − ₹12,00,000.

Surcharge: 10% above ₹50L, 15% above ₹1Cr, 25% above ₹2Cr (with marginal relief). Cess: 4% on tax + surcharge.

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Income Tax Calculator FY 2026-27 (New Regime) — FAQs

Did the income tax slabs change for FY 2026-27?▾

No. The Finance Act, 2026 made no change to rates. From 1 April 2026 the new-regime slabs sit in section 202 of the Income-tax Act, 2025, which calls this year the tax year 2026-27 (AY 2027-28 in the old terms). The slabs, the ₹12 lakh rebate limit and the ₹75,000 standard deduction are the same as in FY 2025-26.

Is income up to ₹12 lakh tax-free in FY 2026-27?▾

Yes, under the new regime. Tax on ₹12 lakh is ₹60,000, and the rebate of up to ₹60,000 under section 156 (old 87A) cancels it. For salaried people the ₹75,000 standard deduction pushes the tax-free limit to ₹12.75 lakh of gross salary.

What is marginal relief above ₹12 lakh?▾

If your taxable income is slightly above ₹12 lakh, the tax you pay cannot exceed the amount by which your income exceeds ₹12 lakh. For example, at ₹12.1 lakh the tax is limited to ₹10,000 plus cess instead of ₹61,500.

Which deductions are allowed in the new regime?▾

The standard deduction of ₹75,000 for salaried employees and pensioners, the employer's NPS contribution under section 124 (old 80CCD(2)) and a few others such as the family pension deduction. Deductions under section 123 (old 80C) and section 126 (old 80D), and the HRA exemption, are not allowed.

Does the rebate apply to capital gains?▾

No. Section 156(3) limits the rebate to tax at the section 202 slab rates, so it is not available against tax on special-rate income such as short-term capital gains under section 196 (old 111A) or long-term capital gains under section 198 (old 112A). This calculator covers income taxed at normal slab rates.

Is the new regime the default?▾

Yes. From FY 2023-24 the new regime is the default. Taxpayers can still opt for the old regime if it gives lower tax.

How to use the Income Tax Calculator FY 2026-27 (New Regime)

Formula used

Income Tax Calculator FY 2026-27 (New Regime) — FAQs

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