Income Tax Calculator 2026-27: new vs old regime
See the tax under the new and old regimes side by side for tax year 2026-27 (assessment year 2027-28). It includes the standard deduction, the rebate up to ₹12 lakh, marginal relief, surcharge and the 4% cess.
New tax regime slabs 2026-27
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4–8 lakh | 5% |
| ₹8–12 lakh | 10% |
| ₹12–16 lakh | 15% |
| ₹16–20 lakh | 20% |
| ₹20–24 lakh | 25% |
| Above ₹24 lakh | 30% |
Old tax regime slabs 2026-27
| Income | Below 60 | 60–80 | 80+ |
|---|---|---|---|
| Up to ₹2.5 lakh | Nil | Nil | Nil |
| ₹2.5–3 lakh | 5% | Nil | Nil |
| ₹3–5 lakh | 5% | 5% | Nil |
| ₹5–10 lakh | 20% | 20% | 20% |
| Above ₹10 lakh | 30% | 30% | 30% |
Source: rates for tax year 2026-27 under the Income-tax Act, 2025; Budget 2026 did not change the slabs. For final confirmation see incometax.gov.in.
Frequently asked questions
What are the new tax regime slabs for 2026-27?
Nil up to ₹4 lakh, ₹4–8 lakh 5%, ₹8–12 lakh 10%, ₹12–16 lakh 15%, ₹16–20 lakh 20%, ₹20–24 lakh 25% and 30% above ₹24 lakh. Budget 2026 did not change the slabs.
How is tax zero up to ₹12 lakh?
Under the new regime, taxable income up to ₹12 lakh gets a rebate of up to ₹60,000, which makes the tax zero. Salaried people also get a ₹75,000 standard deduction, so a salary up to ₹12.75 lakh pays no tax.
Old or new regime: which is better?
If your deductions (80C, home loan interest, HRA and so on) are large, the old regime may be better. The calculator above shows the tax under both side by side.
Does it include cess and surcharge?
Yes. The 4% health and education cess, and surcharge on income above ₹50 lakh (with marginal relief), are included.
Is this calculator final for filing my ITR?
No, it is an estimate. Capital gains, income at special rates and other rules are not included. Confirm on the Income Tax Department website or with a CA before filing.
City Jugnu's tools are for information only. Confirm with the relevant department, bank or an expert before important decisions.