Tax year FY 2026-27
India income tax calculator FY 2026-27
Estimate income tax and take-home salary in India for financial year 2026-27 (assessment year 2027-28). Enter a monthly or annual gross salary in INR, choose the new or old regime, and the calculator applies the slabs, standard deduction, Section 87A rebate, surcharge and 4% health and education cess.
India income tax calculator
FY 2026-27 rates · CBDT · INR
Before tax. Do not include bonuses or benefits unless they are paid monthly.
Current year: FY 2026-27
The calculator also compares both regimes for you.
Enter your gross salary to see your estimate
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The calculator also shows both regimes side by side, so you can see which one produces the lower tax on your income before you add deductions such as HRA, Section 80C or home loan interest.
India tax at a glance
Reviewed 1 November 2026- Tax year
- FY 2026-27
- Currency
- INR
- Tax-free threshold
- INR 12,75,000
- Top marginal rate
- 30%
- Top rate applies above
- INR 24,00,000
- Official source
- CBDT
Standard deduction plus the Section 87A rebate threshold under the new regime.
Source: Income Tax Department of India. How these figures are verified.
Worked example
Someone earning INR 15,00,000 a year in India would pay an estimated INR 97,500 in income tax, an effective rate of 6.5%, and take home INR 14,02,500.
| Gross salary | INR 15,00,000 |
|---|---|
| Taxable income | INR 14,25,000 |
| Income tax | INR 93,750 |
| Health and education cess (4%) | INR 3,750 |
| Take-home pay | INR 14,02,500 |
At other salaries
Annual tax and take-home pay at common salary levels, using the same FY 2026-27 rules.
| Salary | Tax | Take-home |
|---|---|---|
| INR 6,00,000 | INR 0 | INR 6,00,000 |
| INR 12,00,000 | INR 0 | INR 12,00,000 |
| INR 18,00,000 | INR 1,50,800 | INR 16,49,200 |
| INR 30,00,000 | INR 4,75,800 | INR 25,24,200 |
Default options applied. Change the options in the calculator for a closer estimate.
India income tax bands for FY 2026-27
Each rate applies only to the income inside its band. The table shows the bands used for the default options in the calculator.
| Taxable income | Rate |
|---|---|
| INR 0 – INR 4,00,000 | 0% |
| INR 4,00,000 – INR 8,00,000 | 5% |
| INR 8,00,000 – INR 12,00,000 | 10% |
| INR 12,00,000 – INR 16,00,000 | 15% |
| INR 16,00,000 – INR 20,00,000 | 20% |
| INR 20,00,000 – INR 24,00,000 | 25% |
| Above INR 24,00,000 | 30% |
New regime. The old regime uses wider 5%, 20% and 30% bands — select it in the calculator.
Common India salaries
Worked estimates for the salaries people look up most, each with its own band breakdown, nearby salaries and take-home figure.
How the India calculation works
- Your gross salary is reduced by the standard deduction — INR 75,000 under the new regime, INR 50,000 under the old — before any tax is calculated.
- The Section 87A rebate then removes up to INR 60,000 of tax under the new regime for taxable income up to INR 12 lakh, with marginal relief just above the threshold.
- Surcharge applies on very high incomes, and the 4% health and education cess is added to the tax and surcharge.
What the estimate includes
Included
- Income tax under the old or new regime for the selected year
- Standard deduction for salaried and pensioner income
- Section 87A rebate with marginal relief, surcharge and the 4% health and education cess
Not included
- HRA, Section 80C, 80D, home loan interest and other deductions under the old regime
- Professional tax levied by states
- Capital gains, business income and other special-rate income
India tax questions
What changed in FY 2026-27?
Budget 2026 left the FY 2025-26 slab rates unchanged. From 1 April 2026 the Income-tax Act, 2025 replaced the 1961 Act, with renumbered sections but broadly the same substantive rules, and the 50% HRA exemption was extended to Bengaluru, Pune, Hyderabad and Ahmedabad.
How does the Section 87A rebate work under the new regime?
Under the new regime, a resident individual with taxable income up to INR 1,200,000 can claim a rebate of up to INR 60,000. With the INR 75,000 standard deduction, a salaried income of INR 1,275,000 can be tax-free. Marginal relief applies just above the threshold.
Which regime is better for me?
It depends on your deductions. The new regime has lower rates but removes most deductions. At a INR 1,500,000 salary the old regime needs roughly INR 543,750 of total deductions — including the INR 50,000 standard deduction — before it produces less tax. The comparison panel shows both numbers for your income.
Does the estimate include capital gains or business income?
No. It covers salary income taxed at slab rates. Capital gains, business income and special-rate income are taxed separately and are not part of this calculation.
Sources
Income tax slabs for FY 2026-27 (AY 2027-28). Budget 2026 left the FY 2025-26 slab structure unchanged; the Income-tax Act, 2025 applies from 1 April 2026.
Last reviewed 1 November 2026. See the methodology for how rates are checked.
Related
- How income tax is calculated
- India tax guide
- Pakistan income tax calculator
- United Kingdom income tax calculator
- United States income tax calculator
- China income tax calculator
Tax Globy is independent. Results are estimates for general information and are not tax advice from Income Tax Department of India.