India tax utility
Income Tax Calculator India – TY 2026-27
Estimate individual income tax under the new or old regime using Tax Year 2026-27 assumptions.
Estimate income tax
TY 2026-27 assumptions
The new-regime slabs are: nil up to ₹4 lakh; 5% from ₹4–8 lakh; 10% from ₹8–12 lakh; 15% from ₹12–16 lakh; 20% from ₹16–20 lakh; 25% from ₹20–24 lakh; and 30% above ₹24 lakh. The calculator applies the represented Section 87A rebate up to ₹60,000 where taxable income does not exceed ₹12 lakh.
For salaried income it applies a ₹75,000 standard deduction in the new regime or ₹50,000 in the old regime. Finance Bill 2026 states that individual tax rates remain unchanged for FY 2026-27.
Worked example
For ₹15 lakh annual salary under the new regime, the calculator deducts ₹75,000, estimates ₹93,750 income tax on ₹14.25 lakh taxable income, adds 4% cess, and returns an estimated total of ₹97,500.
Limitations
This is a broad educational estimate. It excludes surcharge, marginal relief, special-rate income, capital gains, residential-status rules, treaty treatment, most deductions and exemptions, TDS/TCS credits, interest, penalties, and return validation. Enter taxable assumptions carefully and verify the result using the official estimator or a qualified tax professional.
Official source last checked: 11 September 2026 · Income Tax Department, Tax Year 2026-27 · Independent professional review is not claimed · Editorial policy
What this calculator estimates
The estimate applies the selected regime and financial-year assumptions to taxable income. Actual liability can change with deductions, rebates, surcharge, cess, and income classification.
Formula and method
Estimated tax = sum of taxable income in each slab × that slab rate − eligible rebate + applicable surcharge and cess.
Methodology and assumptions
The calculator applies the selected regime and financial-year slab assumptions to the taxable income entered, then includes only the rebate, surcharge, and cess rules explicitly represented on the page. It does not prepare a return or validate income classification, residential status, deductions, exemptions, capital gains, TDS, or treaty treatment.
Authoritative sources
- Income Tax Estimator FAQsIncome Tax Department, Government of India
Sources last checked September 10, 2026. Regulations and guidance can change; use the linked authority for the current position.
Related tools
Calculation, source, and limitation check completed September 10, 2026 by Ajit Naskar. No independent professional review is claimed.