Quick estimate of income tax for FY 2026-27 under the new or old regime, including 4% cess. Surcharge (income above ₹50 lakh) is not included here; the full Income Tax Calculator adds it and compares both regimes.
| Gross Income | — |
| Taxable Income | — |
| Tax (before cess) | — |
| Health & Education Cess (4%) | — |
| Total Tax Payable | — |
| Monthly Tax | — |
| Effective Tax Rate | — |
0% up to ₹4L | 5% ₹4–8L | 10% ₹8–12L | 15% ₹12–16L | 20% ₹16–20L | 25% ₹20–24L | 30% above ₹24L. Standard deduction: ₹75,000. A resident individual pays no tax up to ₹12L of taxable income, with marginal relief just above it. Sources: Income Tax Department memorandum on the Finance Bill 2026 and the Income Tax Department's FAQs on computation of tax.
0% upto ₹2.5L | 5% ₹2.5–5L | 20% ₹5–10L | 30% above ₹10L. Standard deduction ₹50,000 (applied here for salaried income, as ₹75,000 is in the new regime). Allows 80C (₹1.5L), HRA, and many other deductions. Rebate: no tax up to ₹5L of taxable income.
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