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FY 2026-27 · AY 2027-28

Income Tax Calculator

Compare the New and Old tax regimes for FY 2026-27 side by side, see your taxable income, rebate and total tax under each, and find which one saves you more. An educational tool that works entirely from the numbers you enter, not tax advice.

Your income and deductions

Enter your gross annual income. The deduction fields apply to the Old regime only, the New regime allows no deductions apart from the standard deduction.

Old regime deductions (optional)

Fill in what you claim. Each field is capped at its legal limit. Leave blank if not applicable.

Based on your inputs
Enter your income to compare
New Regime default
Taxable income₹0
Tax before rebate₹0
Section 87A rebate−₹0
Tax after rebate₹0
Health & education cess (4%)₹0
Total tax payable₹0

Standard deduction ₹75,000 for salaried. Income up to ₹12,00,000 (after standard deduction) is effectively tax-free via the 87A rebate. Marginal relief applies just above ₹12L, this calculator keeps it simple.

Old Regime with deductions
Taxable income₹0
Tax before rebate₹0
Section 87A rebate−₹0
Tax after rebate₹0
Health & education cess (4%)₹0
Total tax payable₹0

Standard deduction ₹50,000 for salaried, plus your 80C, 80D, home loan and HRA entries. Income up to ₹5,00,000 (after deductions) is tax-free via the 87A rebate.

These figures are illustrative and computed only from the values you enter, using the FY 2026-27 (AY 2027-28) slabs. They exclude surcharge on very high incomes, marginal relief and case-specific rules, and are not tax advice. Please confirm your liability with a qualified tax professional or the Income Tax Department before filing. AstroCapitalX is an educational platform and is not a SEBI-registered investment advisor.

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FAQ

Frequently Asked Questions

The New regime (default from FY 2026-27) has wider, lower slabs but allows almost no deductions apart from a Rs 75,000 standard deduction for salaried people. The Old regime has narrower slabs but lets you reduce taxable income with deductions like 80C, 80D, home loan interest and HRA. This calculator computes both from your numbers so you can compare the actual tax, not just the headline rates.
Under the New regime, if your taxable income (after the Rs 75,000 standard deduction) is up to Rs 12,00,000, the Section 87A rebate reduces your tax to nil. A salaried person can therefore have gross income up to about Rs 12.75 lakh with zero tax. Just above Rs 12 lakh, marginal relief limits how sharply tax rises, this tool keeps that part simplified.
It depends on how much you can claim in deductions. If your 80C, 80D, home loan and HRA deductions are large, the Old regime can win, if they are small, the New regime usually wins because of its lower slabs and the 87A rebate up to Rs 12 lakh. Enter your figures above and the calculator shows the total tax under each and which one saves you more.
It is a rebate that makes your tax nil if your taxable income stays within a threshold: up to Rs 12,00,000 in the New regime (rebate up to Rs 60,000) and up to Rs 5,00,000 in the Old regime (rebate up to Rs 12,500). Above those thresholds the rebate does not apply and normal slab tax is charged, plus 4% health and education cess.
It uses the verified FY 2026-27 (AY 2027-28) slabs and applies the standard deduction, capped 80C, 80D and home loan deductions, the 87A rebate and 4% cess. It does not model surcharge on very high incomes, full marginal relief or every special case, so treat the output as a close illustrative estimate based on your inputs, not a final assessment.
No. This is an educational calculator that works only from the numbers you enter. AstroCapitalX is not a SEBI-registered investment advisor and does not provide tax advice. For your actual liability and filing, please consult a qualified chartered accountant or tax professional.