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FY 2026-27 · Tax year 2026-27
Income Tax Calculator
Compare estimated income tax under the Old and New regimes using the current ordinary-income slabs.
Educational estimate only. This calculator is not tax, legal, or investment advice. Tax rules, deductions, surcharge treatment, and cess may change or vary by circumstance. This estimate excludes surcharge, marginal relief, special-rate income, and payroll deductions; verify it with a chartered accountant or qualified advisor.
New Regime has a lower estimate by 1.01 L
Equivalent to 8,450 per month before other deductions
Monthly
1.00 L
after income tax
Eff. Rate
0.0%
of gross
Gross Annual Income
₹
01Cr
DeductionsOld regime only
Total deductions (Old): 2.75 L incl. standard deduction of 50K
Tax Comparison
Old Regime
1.01 L8.5%
After tax: 91,550/moEff. rate: 8.5%
New RegimeLOWER TAX
0After tax: 1.00 L/moEff. rate: 0.0%
Difference: 1.01 L / year (8,450/mo)
Old Regime
Gross Income12.00 L
Standard Deduction-50,000
80C + 80D + NPS-2.25 L
Taxable Income9.25 L
Tax on Income97,500
4% Cess3,900
Total Tax1.01 L
Monthly after income tax91,550
New Regime
Lower estimateGross Income12.00 L
Standard Deduction-75,000
Taxable Income11.25 L
Tax on Income52,500
87A Rebate-52,500
4% Cess0
Total Tax0
Monthly after income tax1.00 L
Calculations are indicative for FY 2026-27 and ordinary slab-rate income only. See the Finance Bill 2026 memorandum and consult a CA for advice specific to your circumstances.