Income Tax Calculator (Old vs New Regime FY 2026-27)

Calculate your income tax for FY 2026-27 (AY 2027-28) under both Old and New Tax Regimes. Compare tax savings instantly.

Interactive Income Tax Calculator (Old vs New Regime FY 2026-27)
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Formula & Calculation Methodology

Calculates tax based on the latest Union Budget slabs. Standard deduction of ₹75,000 applies to the New Regime.

Frequently Asked Questions

What is the standard deduction in the New Tax Regime for FY 2026-27?

The standard deduction under the New Tax Regime is ₹75,000 for salaried employees.

Is income up to ₹7 Lakhs tax-free?

Yes, under the New Tax Regime, if your taxable income is ₹7,00,000 or below, your tax liability is zero due to the Section 87A rebate.

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