Calculators · FY 2026-27 · AY 2027-28

Income tax calculator

Compute tax under the New and Old regimes for FY 2026-27, including standard deduction, surcharge and cess. Recommends the lighter regime.

Gross income (annual)

Salary plus any business or profession income

Other income

Bank interest, etc.

Age category

TDS already deducted

Salaried (apply standard deduction)

Old regime deductions (optional)

80C investments

Capped at 1.5 lakh

80D health insurance

80CCD(1B) NPS

Capped at 50k

24(b) home loan interest

Capped at 2 lakh self-occupied

HRA exemption

Other deductions

New regime · recommended

Total tax liability

₹97,500

Net payable or refund

₹97,500

Effective rate: 6.50%

Old regime

Total tax liability

₹2,57,400

Net payable or refund

₹2,57,400

Effective rate: 17.16%

Recommendation

New regime is lighter by ₹1,59,900 on these inputs.

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