Calculate income tax for FY 2026-27 (Assessment Year 2027-28). Same powerful new regime with zero tax up to ₹12L.
| Income Range | Tax Rate | Tax on Slab | Cumulative Tax |
|---|---|---|---|
| Up to ₹4,00,000 | 0% | ₹0 | ₹0 |
| ₹4L – ₹8L | 5% | ₹20,000 | ₹20,000 |
| ₹8L – ₹12L | 10% | ₹40,000 | ₹60,000 |
| ₹12L – ₹16L | 15% | ₹60,000 | ₹1,20,000 |
| ₹16L – ₹20L | 20% | ₹80,000 | ₹2,00,000 |
| ₹20L – ₹24L | 25% | ₹1,00,000 | ₹3,00,000 |
| Above ₹24L | 30% | On excess | ₹3,00,000+ |
FY 2026-27 (April 2026 to March 2027) uses the same tax slabs introduced in Union Budget 2025 for the new tax regime. Unless Budget 2026 (February 2027) announces changes, the following apply: new regime slabs remain 0-5-10-15-20-25-30%, standard deduction ₹75,000, 87A rebate ₹60,000 for income up to ₹12L, and old regime rates and deductions unchanged. This calculator assumes continuity from FY 2025-26 — update required after Budget 2026.
ITR for FY 2026-27 must be filed by July 31, 2027. If you want to change tax regime for FY 2026-27, inform your employer at the start (April 2026). Tax-saving investments under 80C must be made before March 31, 2027 to claim deductions in FY 2026-27 ITR. NPS investments for extra ₹50K deduction: also by March 31, 2027. Health insurance premium: renew before March 31, 2027 for 80D benefit.
If you received a salary hike in April 2026, recalculate your tax immediately. Your employer may adjust TDS based on old salary — you need to inform HR of the updated income. Use our salary hike calculator to see new in-hand salary. If switching from old to new regime for FY 2026-27, stop submitting rent receipts and 80C declarations to your employer — TDS will be calculated without these deductions.