Income Tax Calculator FY 2026-27

Tax payable (new regime)
₹97,500
Tax payable (old regime)
₹2,02,800
Better for you
New regime — saves ₹1,05,300
Effective tax rate (new regime)
6.5%
Monthly tax (TDS approx.)
₹8,125
New regimeOld regime
Taxable income₹14,25,000₹12,75,000
Income tax₹93,750₹1,95,000
Health & education cess (4%)₹3,750₹7,800
Total tax₹97,500₹2,02,800

Resident individuals below 60, FY 2026-27 (AY 2027-28). Surcharge on income above ₹50 lakh is not included. New regime: rebate makes income up to ₹12 lakh tax-free (₹12.75 lakh for salaried).

Free Income Tax Calculator FY 2026-27 by CalcHub