AY 2026–27 Tax Planning

Calculate Your Income Tax with Confidence

Estimate your income tax liability under the Old and New Tax Regimes for AY 2026–27. Compare tax payable, deductions, rebates and potential savings using FinancePilot's free Income Tax Calculator.

✓ Old vs New Regime
✓ AY 2026–27 Slabs
✓ Instant Calculation
Taxable Income ₹10.00 L
Income Tax Summary
2026–27
Estimated Tax Payable ₹0
Tax Regime New Regime
Cess ₹0
Potential Savings ₹0
Income Tax Calculator

Calculate Your Income Tax for AY 2026–27

Enter your annual income, deductions and age to estimate your tax liability and compare the Old and New Tax Regimes.

Your Income Details

Enter the figures applicable to your financial situation. The calculator provides an estimate for general individual income.

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Select Tax Regime
The calculator uses the AY 2026–27 individual tax slabs. Market-linked income, special-rate income, capital gains, surcharge and certain other provisions may require separate tax treatment.

Your Tax Estimate

New Regime
Estimated Tax Payable ₹0 Including 4% Health & Education Cess
Gross Income ₹10,00,000
Standard Deduction ₹75,000
Taxable Income ₹9,25,000
Income Tax Before Cess ₹0
87A Rebate ₹0
Health & Education Cess ₹0
Regime Result Your estimated tax will appear here.
Tax Regime Comparison

Old vs New Tax Regime

Compare the estimated tax under both regimes using the same income details entered above.

New Tax Regime

Selected
Taxable Income ₹0
Income Tax ₹0
Rebate ₹0
Cess ₹0
Final Tax ₹0

Old Tax Regime

Compare
Taxable Income ₹0
Income Tax ₹0
Rebate ₹0
Cess ₹0
Final Tax ₹0
AY 2026–27 Tax Slabs

Income Tax Slabs for Individuals

The following standard slabs are used by this calculator for individuals under the Old and New Tax Regimes.

New Tax Regime

SECTION 115BAC
Taxable Income Rate
Up to ₹4 lakh Nil
₹4 lakh – ₹8 lakh 5%
₹8 lakh – ₹12 lakh 10%
₹12 lakh – ₹16 lakh 15%
₹16 lakh – ₹20 lakh 20%
₹20 lakh – ₹24 lakh 25%
Above ₹24 lakh 30%

Old Tax Regime

BELOW 60 YEARS
Taxable Income Rate
Up to ₹2.5 lakh Nil
₹2.5 lakh – ₹5 lakh 5%
₹5 lakh – ₹10 lakh 20%
Above ₹10 lakh 30%
Why Use FinancePilot

Make Your Tax Planning Easier

Understand your estimated liability before planning deductions, investments and tax-saving decisions.

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Estimate Tax Payable

Calculate your estimated income tax, rebate, cess and final tax payable using your income details.

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Compare Tax Regimes

See how the Old and New Tax Regimes may differ for the same income and deduction assumptions.

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Plan Ahead

Use your estimated tax liability as a starting point for better financial and tax planning.

What Is an Income Tax Calculator?

An Income Tax Calculator is an online financial planning tool that helps estimate the income tax payable on taxable income. It can help taxpayers understand how income, deductions, tax regime and applicable rebates affect their estimated tax liability.

FinancePilot's Income Tax Calculator is designed for individuals who want to compare the Old and New Tax Regimes for Assessment Year 2026–27. You can enter your annual income, age and eligible deductions to get an estimated tax calculation.

How Is Income Tax Calculated?

Income tax is generally calculated by applying the applicable tax rates to taxable income after considering eligible deductions and exemptions. The applicable regime, age category and type of income can affect the final calculation.

Important: For AY 2026–27, the New Tax Regime has slabs beginning at ₹4 lakh and goes up to a 30% rate on income above ₹24 lakh. The Section 87A rebate under the new regime is increased to ₹60,000 for eligible resident individuals with total income up to ₹12 lakh. Health & Education Cess is 4% on income tax plus applicable surcharge. :contentReference[oaicite:1]{index=1}

Old Tax Regime vs New Tax Regime

The New Tax Regime generally provides lower slab rates but has fewer deductions and exemptions available compared with the Old Tax Regime. The Old Tax Regime may be beneficial for some taxpayers who have significant eligible deductions and exemptions. The better option depends on the individual's income and eligible deductions.

What Is the Section 87A Rebate?

Section 87A provides a tax rebate to eligible resident individual taxpayers subject to the applicable conditions. For AY 2026–27, the rebate under the New Tax Regime is up to ₹60,000 for eligible individuals with total income up to ₹12 lakh. The Old Tax Regime has a rebate of up to ₹12,500 where taxable income does not exceed ₹5 lakh. :contentReference[oaicite:2]{index=2}

What Is Health & Education Cess?

Health & Education Cess is calculated at 4% of income tax plus applicable surcharge. It applies under both tax regimes. :contentReference[oaicite:3]{index=3}

Who Should Use an Income Tax Calculator?

  • Salaried employees who want to estimate annual tax liability.
  • Individuals comparing the Old and New Tax Regimes.
  • Taxpayers planning eligible deductions under the Old Regime.
  • Individuals estimating monthly tax or TDS requirements.
  • Anyone who wants a quick preliminary tax estimate before filing their income tax return.
Income tax planning and financial calculation
Tax Planning Understand your tax before filing
Income Tax FAQs

Common Questions About Income Tax

Find clear answers about tax slabs, tax regimes, deductions, rebates and income tax calculations for AY 2026–27.

For AY 2026–27, the New Tax Regime has tax slabs starting with nil tax up to ₹4 lakh, followed by 5%, 10%, 15%, 20%, 25% and 30% slabs. Eligible resident individuals can also claim the Section 87A rebate subject to the applicable conditions. :contentReference[oaicite:4]{index=4}
The New Tax Regime has a basic nil-rate slab up to ₹4 lakh. In addition, eligible resident individuals with total income up to ₹12 lakh can receive a Section 87A rebate of up to ₹60,000, subject to the applicable rules. :contentReference[oaicite:5]{index=5}
There is no single regime that is best for every taxpayer. The New Tax Regime has different slab rates and fewer deductions, while the Old Tax Regime allows more deductions and exemptions. Your income, eligible deductions and financial situation determine which regime may result in lower tax.
Depending on eligibility, taxpayers using the Old Tax Regime may claim various deductions and exemptions under provisions of the Income Tax Act. Examples can include eligible deductions under sections such as 80C and 80D. The exact availability and limits depend on the taxpayer's circumstances.
Yes. The calculator adds Health & Education Cess at 4% to the calculated income tax after considering the applicable rebate. The Income Tax Department states that the 4% cess applies to income tax plus surcharge, where applicable, under both regimes. :contentReference[oaicite:6]{index=6}
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Disclaimer: This calculator provides an estimated income tax calculation for general informational and financial planning purposes. Actual tax liability can vary based on the taxpayer's residential status, type and source of income, capital gains, special-rate income, deductions, exemptions, surcharge, marginal relief, rebates and other provisions of applicable tax law. The result should not be considered tax, legal or financial advice. Please verify your final tax liability with the applicable Income Tax Department provisions or a qualified tax professional.
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