What are the new regime slabs for FY 2026-27?

Under the new regime: 0–4L nil, 4–8L 5%, 8–12L 10%, 12–16L 15%, 16–20L 20%, 20–24L 25%, above 24L 30%, plus a standard deduction of ₹75,000 for salaried.

Should I pick old or new regime?

New regime suits those with few deductions; old regime is better if you claim 80C, 80D, HRA, home loan interest etc. The calculator compares both.

Is rebate available under the new regime?

Yes — full rebate under Section 87A makes income up to ₹12 lakh effectively tax-free in the new regime (FY 2026-27).

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Income Tax Calculator FY 2026-27

Compare Old vs New Regime and find which one saves you more tax.

Reviewed by Nisha SLast verified 6 Sept 2026RBI-compliantFact-check policy

Annual Gross Income₹15,00,000

₹3L₹1Cr

Total Deductions (80C+80D+HRA, Old Regime)₹2,00,000

₹0₹5L

Age Group

Tax — Old Regime₹1,95,000

Tax — New Regime₹97,500

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New Regime saves you ₹97,500

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New Tax Regime Slabs FY 2026-27

Up to ₹4,00,000 — Nil
₹4L – ₹8L — 5%
₹8L – ₹12L — 10%
₹12L – ₹16L — 15%
₹16L – ₹20L — 20%
₹20L – ₹24L — 25%
Above ₹24L — 30%

Standard deduction ₹75,000. Rebate u/s 87A makes income up to ₹12 lakh tax-free in the new regime.

Frequently Asked Questions

Everything you need to know about the Income Tax Calculator FY 2026-27.

Results are illustrative estimates for planning. Actual figures depend on bank/AMC terms, taxes and market conditions.