Income Tax Calculator India
FY 2026–27 (Assessment Year 2027–28). The new regime is the default — enter your annual salary and see your tax, monthly deduction and in-hand pay. The calculator applies the ₹75,000 standard deduction, the ₹60,000 rebate up to ₹12 lakh of taxable income, and 4% cess. Switch to the old regime to compare.
Estimate for salary income only, FY 2026–27. Slabs unchanged by Budget 2026; figures checked 14 November 2026. Final liability — check the official e-filing portal.
What: Shows the income tax on an annual salary in India (FY 2026–27), new vs old regime. How: Enter your annual salary, pick a regime, then press Calculate Tax.
Income tax calculator India FY 2026-27: check the tax on 10 lakh, 12.75 lakh or 15 lakh salary — new vs old regime slabs, rebate, in-hand pay.
New regime slabs — FY 2026–27
Tax is charged slice by slice: only the part of your income inside a band is taxed at that band’s rate. Slabs unchanged by Budget 2026.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction: ₹75,000 for salaried people. Rebate: up to ₹60,000 — taxable income up to ₹12 lakh pays no tax, so a salary up to ₹12.75 lakh is tax-free. Just above ₹12 lakh, marginal relief caps the tax at the amount above ₹12 lakh. Health and education cess: 4% on the tax after rebate.
Old regime slabs — FY 2026–27
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction: ₹50,000 for salaried people. Rebate: up to ₹12,500 (taxable income up to ₹5 lakh). Cess: 4%. The old-regime figure from this calculator excludes HRA, 80C and other deductions — add yours up before comparing the two regimes.
Worked examples — new regime, salaried
| Annual salary | Taxable income | Total tax | Monthly in-hand |
|---|---|---|---|
| ₹10,00,000 | ₹9,25,000 | ₹0 | ₹83,333 |
| ₹12,75,000 | ₹12,00,000 | ₹0 | ₹1,06,250 |
| ₹13,00,000 | ₹12,25,000 | ₹26,000 | ₹1,06,167 |
| ₹15,00,000 | ₹14,25,000 | ₹97,500 | ₹1,16,875 |
| ₹20,00,000 | ₹19,25,000 | ₹1,92,400 | ₹1,50,633 |
| ₹25,00,000 | ₹24,25,000 | ₹3,19,800 | ₹1,81,683 |
Same salaries under the old regime (no HRA/80C): ₹15 lakh → ₹2,57,400 tax; ₹20 lakh → ₹4,13,400 tax. For most salaried people the new regime wins — the old regime only wins when your exemptions and deductions are large.
Common questions
Is a salary up to ₹12.75 lakh really tax-free? Yes, for a resident salaried person: ₹75,000 standard deduction brings taxable income to ₹12 lakh, and the ₹60,000 rebate wipes out the slab tax of exactly ₹60,000.
What is marginal relief? Just above ₹12 lakh of taxable income, the tax cannot be more than the amount above ₹12 lakh. On a ₹13 lakh salary the slab tax would be ₹63,750, but relief caps it at ₹25,000 — plus 4% cess, ₹26,000 in total.
Will the 8th Pay Commission change my tax? A pay commission changes your pay, not the tax slabs. When your salary rises, enter the new figure here — the calculator does the rest.
Where do I file my return? On the official e-filing portal — incometax.gov.in. This page is an estimate, not tax advice.