Income Tax Calculator FY 2026-27

Compare old vs new tax regime side by side and see exactly which saves you more.

Standard deduction (₹75,000 new / ₹50,000 old) applies only to salaried income. Self-employed and freelancer income don't get it in either regime.

Old Regime Deductions ▸

HRA exemption needs your Basic salary, actual HRA and rent paid to compute precisely — use the CTC to In-Hand Calculator for that breakdown, then enter the resulting exemption amount here.
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New Regime

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Old Regime

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New Regime — Tax vs Take-Home
Old Regime — Tax vs Take-Home
Explore Highest Paying Jobs in India 2026 → Try the CTC to In-Hand Salary Calculator →
Calculated for FY 2026-27 using published slab rates, the ₹75,000 (new) / ₹50,000 (old) standard deduction, Section 87A rebate and 4% Health & Education Cess. Surcharge slabs applied as specified (10%/15%/25%/37%) without marginal relief adjustment. This is an estimate for planning purposes only — file your return using the official income tax portal or a qualified CA for exact figures.

Frequently Asked Questions

Which is better — old or new tax regime for FY 2026-27?

It depends entirely on how many deductions you can claim. The new regime has lower slab rates and a rebate up to ₹12L taxable income but disallows most exemptions like 80C, 80D and HRA. The old regime allows these deductions but has higher slab rates. If your total eligible deductions (80C, 80D, HRA, NPS, home loan interest) exceed a certain break-even amount for your income level, the old regime works out cheaper — this calculator computes that break-even for your exact numbers.

How does the Section 87A rebate work in the new tax regime?

Under the new regime for FY 2026-27, if your taxable income (after the ₹75,000 standard deduction) is ₹12,00,000 or less, you get a full tax rebate under Section 87A — your tax payable becomes zero. This is an all-or-nothing threshold: income just above ₹12L loses the rebate entirely and is taxed on the full slab structure from ₹0, not just on the amount above ₹12L, which can make crossing that line costly.

Do self-employed individuals and freelancers get the standard deduction?

No. The ₹75,000 (new regime) or ₹50,000 (old regime) standard deduction applies only to salary and pension income. Self-employed professionals and freelancers filing under presumptive taxation or as business income do not get this deduction, though they can claim actual business expenses against their income separately.