📊 FY 2026-27 · Budget 2025 & 2026 Slabs · Updated
Income Tax Calculator
FY 2026-27 (AY 2027-28) · Compare Old vs New Tax Regime · Income up to ₹12 Lakh tax-free under New Regime
New Regime: Default from FY 2023-24
₹12L Tax-Free (New Regime)
📋 Key Updates for FY 2026-27 (Budget 2025 + Budget 2026)
- New Regime basic exemption: ₹4 Lakh (up from ₹3L) — new slabs apply
- Section 87A rebate under New Regime: ₹60,000 — income up to ₹12 Lakh effectively tax-free
- Standard deduction (New Regime): ₹75,000 — so salary up to ₹12.75L is tax-free
- New Regime remains the default regime for FY 2026-27
- Budget 2026: No changes to slabs — same as FY 2025-26
- Revised ITR deadline extended to 31 March (with nominal fee)
- Income Tax Act 2025 applies from 1 April 2026
Enter Your Details
Total salary / business income before any deductions
Age affects Old Regime exemption limits only
Old Regime Deductions (Not applicable under New Regime)
PPF, ELSS, LIC premium, home loan principal, NSC, PF
₹25,000 self/family + ₹25,000 parents (₹50,000 if senior)
House Rent Allowance exemption (salaried only)
80CCD(1B) NPS, 80TTA interest, 24b home loan interest, etc.
Old Tax Regime
₹0
New Tax Regime (Default 2026)
₹0
Detailed Comparison
| Item | Old Regime | New Regime |
|---|
⚠️ This is an estimate for guidance only. Standard deduction of ₹50,000 applied under Old Regime; ₹75,000 under New Regime. Health & Education Cess @ 4% included. Surcharge not included. For exact tax planning and ITR filing, contact us.
Tax Slabs FY 2026-27 — Quick Reference
🟢 New Regime (Default) — Budget 2025 Slabs
| Income Slab | 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
✓ 87A rebate: ₹60,000 (income ≤ ₹12L → zero tax)
✓ Salary up to ₹12.75L effectively tax-free
✗ Most deductions (80C, HRA, etc.) not allowed
✓ 87A rebate: ₹60,000 (income ≤ ₹12L → zero tax)
✓ Salary up to ₹12.75L effectively tax-free
✗ Most deductions (80C, HRA, etc.) not allowed
🔵 Old Regime (Optional)
| Income Slab | Rate |
|---|---|
| Up to ₹2,50,000 (below 60) | Nil |
| Up to ₹3,00,000 (60–80 yrs) | Nil |
| Up to ₹5,00,000 (above 80) | Nil |
| ₹2.5L – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
✓ Standard deduction: ₹50,000
✓ 87A rebate: ₹12,500 (income ≤ ₹5L → zero tax)
✓ All deductions allowed (80C, HRA, 80D, etc.)
✓ Better if deductions > ₹3.75L (high deduction earners)
✓ 87A rebate: ₹12,500 (income ≤ ₹5L → zero tax)
✓ All deductions allowed (80C, HRA, 80D, etc.)
✓ Better if deductions > ₹3.75L (high deduction earners)
Which regime is better for you?
Choose New Regime if...
- ✓ Income up to ₹12 Lakh (zero tax)
- ✓ You have few or no deductions
- ✓ You don't invest in 80C instruments
- ✓ You want simplicity & lower compliance
- ✓ First-time taxpayers or young earners
Choose Old Regime if...
- ✓ You have large deductions (80C, HRA, home loan)
- ✓ Deductions exceed ₹3.75 Lakh+
- ✓ High income with lots of investments
- ✓ Senior citizens with higher basic exemption
- ✓ Businesses with allowable expenses