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Income Tax Calculator FY 2026-27
Old vs new regime, 87A rebate, surcharge, 4% cess. Tells you which regime saves more.
Inputs
Raises the old-regime basic exemption to ₹3 lakh / ₹5 lakh. The new regime ignores age.
Held over 12 months. First ₹1.25 lakh exempt, then 12.5% outside the slabs.
Held 12 months or less. Taxed at a flat 20% outside the slabs.
Old regime
- Taxable income
- ₹13,00,000
- Base tax
- ₹2,02,500
- Rebate u/s 87A
- - ₹0
- Surcharge
- ₹0
- Health & education cess
- ₹8,100
- Total tax
- ₹2,10,600
New regime (default)
Best- Taxable income
- ₹14,25,000
- Base tax
- ₹93,750
- Rebate u/s 87A
- - ₹0
- Surcharge
- ₹0
- Health & education cess
- ₹3,750
- Total tax
- ₹97,500
Recommended: new regime — saves you ₹1,13,100 per year.
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FY 2026-27 slabs. New regime: ₹75,000 standard deduction, nil tax up to ₹12 lakh under section 87A with marginal relief just above it. Old regime: ₹50,000 standard deduction, rebate up to ₹12,500 within ₹5 lakh, basic exemption ₹2.5 lakh (₹3 lakh from 60, ₹5 lakh from 80). Listed-equity gains are taxed at their own rates on top of slab tax: the 87A rebate does not cover them in the new regime (in the old regime it can absorb 111A tax, never 112A), an unused basic exemption is set off against them, and their surcharge is capped at 15%. Surcharge above ₹50 lakh includes marginal relief; 4% cess on everything. Resident individuals only. Indicative only.
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or message us on WhatsApp instead →Frequently asked
Which regimes does this compare?+
Both. It computes your liability under the old regime with deductions and the new regime with its standard deduction, then shows which is cheaper on your numbers.
Does it include the 87A rebate?+
Yes, along with surcharge at the applicable thresholds and the 4% health and education cess.
Does it handle senior citizens?+
Yes. Pick your age band and the old-regime basic exemption moves to ₹3 lakh for 60 to 79 and ₹5 lakh for 80 and above. The new regime has the same slabs at every age, so that side of the comparison does not change.
How are capital gains on shares taxed here?+
Enter long-term gains on listed shares and equity funds (section 112A) and short-term gains on the same (section 111A) in their own fields. They are taxed at 12.5% above a ₹1.25 lakh exemption and at a flat 20% respectively, outside the slabs and outside the 87A rebate, and they count towards the ₹12 lakh and ₹5 lakh rebate limits. If your slab income is below the basic exemption, the unused part is set off against the gains first. Surcharge on this tax is capped at 15%. Gains on property, gold or debt funds are slab-rate income: add them to gross income instead.
Can I use it for business income?+
It is built for salary and other income. If you run a business or profession, start with the tax audit and ITR form checker — presumptive taxation may change the answer materially.
Why does my employer’s figure differ?+
Employers compute TDS on declared investments. If your actual investments, house property interest or other income differ, the liability at filing will differ too.
Is this a filing?+
No. It is an estimate to help you plan. The return you file governs.
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