Income Tax Calculator FY 2026-27

What Changes in FY 2026-27 vs FY 2025-26?

FY 2026-27 (April 2026 to March 2027) is the current Tax Year 2026-27 under the Income Tax Act, 2025. Check the official Income Tax Department guidance for the rules applicable to this tax year. The new-regime slabs are 0%, 5%, 10%, 15%, 20%, 25% and 30% across the published income bands, with a Section 87A rebate of up to ₹60,000 for eligible resident individuals with total income not exceeding ₹12 lakh. This page is a planning calculator and should be checked again if the law changes before filing.

Planning Your Salary for FY 2026-27 — Key Deadlines

For FY 2026-27, plan your tax payments and records throughout the year. The applicable return process, forms and due dates should be checked on the Income Tax Department portal because the Income Tax Act, 2025 uses the Tax Year 2026-27 framework from April 1, 2026. Keep supporting records for eligible deductions or exemptions where the applicable rules permit them.

FY 2026-27 Tax Planning Tips

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.