Income Tax Calculator FY 2026-27 — Compare New vs Old Regime | AccountsPilot

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Income Tax Calculator — FY 2026-27

Compare New Regime vs Old Regime tax instantly. See your total tax, monthly liability and take-home salary based on FY 2026-27 slab rates.

On this page:

1. Income Tax Calculator FY 2026-27 Calculator  •  2. How to Use  •  3. Worked Example  •  4. FAQs

Income Tax Calculator — FY 2026-27 (AY 2027-28)

Estimate your tax liability under both the New Regime (Section 115BAC) and Old Regime (Section 115BA) for FY 2026-27.






New Regime Tax₹ 0
Old Regime Tax₹ 0
Recommended Regime—
Monthly Tax (New)₹ 0
Take-home / Month (New)₹ 0

* This is an estimate based on FY 2026-27 slab rates. Actual liability may vary with cess, surcharge, and specific exemptions. Consult a CA for personalised advice.

How to Use This Calculator

Enter your total annual income from all sources (salary, business, house property, capital gains and other sources) before deductions. Choose your age category, as exemption limits differ for seniors (60–80 years) and super seniors (above 80).

The calculator automatically applies the standard deduction (₹75,000 under the New Regime, ₹50,000 under the Old Regime for salaried income) and the Section 87A rebate (tax reduced to nil for New Regime income up to ₹7 lakh). Enter your deductions (80C, 80D etc.) to see the Old Regime figure — these are not available under the New Regime. The calculator then computes tax under both regimes, adds the 4% health and education cess, and recommends the regime that saves you more.

Worked Example

Here is a real-world example of how the calculation works:

Example: A salaried professional earning ₹12,00,000 per year (below 60, no extra deductions)

Gross income₹ 12,00,000
Standard deduction (New Regime)₹ 75,000
Taxable income₹ 11,25,000
Tax before cess₹ 1,16,250
Cess @ 4%₹ 4,650
Total tax (New Regime)₹ 1,20,900
Monthly tax / Take-home per month₹ 10,075 / ₹ 90,758

Frequently Asked Questions

Which tax regime is better — New or Old?
The New Regime (Section 115BAC) has lower slab rates but removes most deductions. The Old Regime suits those with heavy 80C investments (₹1.5 lakh), home loan interest (80EEA), HRA and insurance premiums. As a rule of thumb, if your deductions exceed roughly ₹2.5–3 lakh, the Old Regime often wins; otherwise the New Regime is usually better. This calculator compares both automatically.
What are the income tax slabs for FY 2026-27 under the New Regime?
Up to ₹3,00,000: nil; ₹3–6 lakh: 5%; ₹6–9 lakh: 10%; ₹9–12 lakh: 15%; ₹12–15 lakh: 20%; ₹15–24 lakh: 25%; above ₹24 lakh: 30%. A Section 87A rebate makes tax nil if total income is up to ₹7 lakh.
What is the standard deduction?
A flat deduction available to salaried employees and pensioners without needing bills — ₹75,000 under the New Regime and ₹50,000 under the Old Regime (FY 2026-27). It reduces your taxable income directly.
How is surcharge applied?
Surcharge applies to high incomes: 10% on income ₹50 lakh–₹1 crore, 15% on ₹1–2 crore, 25% on ₹2–5 crore and 37% above ₹5 crore (Old Regime). Under the New Regime, the maximum surcharge is capped at 25% for income above ₹5 crore. This calculator omits surcharge for simplicity — if you earn above ₹50 lakh, consult a CA.
When is the ITR filing deadline?
For individuals (non-audit cases), the deadline is 31 July of the assessment year. Business owners with audit and professionals with higher income get 31 October, and companies get 31 October as well. Late filing is possible until 31 December with a penalty of up to ₹5,000.

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Disclaimer: This calculator provides estimates for educational purposes only and does not constitute professional tax advice. Please consult a chartered accountant before making filing decisions.