PayCalcFY 2026-27 new-regime slabs
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Section 87A rebate makes tax nil up to ₹12 lakh taxable income, with marginal relief just above it. Surcharge applies above ₹50 lakh (capped at 25% in the new regime), and 4% cess applies on tax plus surcharge (Income Tax Department).
Frequently asked questions
What are the income tax slabs for FY 2026-27?
Under the new regime: nil up to ₹4 lakh; 5% on ₹4–8 lakh; 10% on ₹8–12 lakh; 15% on ₹12–16 lakh; 20% on ₹16–20 lakh; 25% on ₹20–24 lakh; 30% above ₹24 lakh. Plus 4% health and education cess.
Is income up to ₹12 lakh really tax-free?
Effectively yes, for most taxpayers. The Section 87A rebate makes tax nil when taxable income (after the ₹75,000 standard deduction for salaried persons) does not exceed ₹12 lakh. Salaried employees therefore pay no tax up to ₹12.75 lakh of gross salary.
What is the standard deduction in the new regime?
₹75,000 for salaried employees and pensioners.
What changed with the Income-tax Act, 2025?
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026 (FY 2026-27). It simplifies language and structure — using a single "tax year" — while keeping rates and slabs as set by the Finance Act. The slabs used here follow the new regime carried into the 2025 Act.
Does this calculator include the old regime?
No. The new regime is now the default and suits the large majority of government employees. Old-regime comparisons with HRA and 80C deductions may be added later.
Disclaimer: simplified estimate for salary income under the new regime. It does not cover capital gains, house property, old-regime deductions or TDS reconciliation. Consult the official portal or a tax professional for filing.