Income Tax Calculator FY 2026-27
Compare Old vs New Tax Regime - with 87A rebate, surcharge, cess & all deductions. CA-verified formulas.
Special-rate capital gains
Most Chapter VI-A deductions apply only to the old regime. Employer NPS and eligible salary/family pension deductions are considered separately where allowed.
Advanced old-regime deductions
Resident individual/HUF computation. Special-rate capital gains are taxed separately and are not reduced by the new-regime Section 87A rebate.
| Item | Old Regime | New Regime |
|---|---|---|
| Gross Income | ₹0 | ₹0 |
| Standard / Salary Deduction | ₹0 | ₹0 |
| Deductions & Exemptions | ₹0 | ₹0 |
| Taxable Normal Income | ₹0 | ₹0 |
| Normal Income Tax | ₹0 | ₹0 |
| Special Rate Tax | ₹0 | ₹0 |
| Rebate u/s 87A | ₹0 | ₹0 |
| Surcharge | ₹0 | ₹0 |
| Marginal Relief | ₹0 | ₹0 |
| Health & Education Cess (4%) | ₹0 | ₹0 |
| Total Tax Payable | ₹0 | ₹0 |
| Effective Tax Rate | 0% | 0% |
The calculator applies the rebate automatically - read how the Section 87A rebate works and when marginal relief applies.
Frequently Asked Questions
It depends on your deductions. If your total 80C + 80D + HRA + other deductions exceed ₹3.75 lakh (for income =₹15L), Old Regime may save more. The calculator compares both and recommends the best option.
Under the New Regime: Full rebate up to ₹60,000 if taxable income = ₹12,00,000. Under the Old Regime: Full rebate up to ₹12,500 if taxable income = ₹5,00,000.
Nil up to ₹4L, 5% (₹4L-8L), 10% (₹8L-12L), 15% (₹12L-16L), 20% (₹16L-20L), 25% (₹20L-24L), 30% above ₹24L. Standard deduction of ₹75,000 also applies.
Yes. Surcharge is 10% for income between ₹50L-1Cr, 15% (₹1Cr-2Cr), 25% (₹2Cr-5Cr), 37% above ₹5Cr (Old Regime) / 25% (New Regime cap).
Yes. Health & Education Cess of 4% is applied on (Income Tax + Surcharge) in both regimes, as per current law.