# Income tax calculator FY 2026-27: old vs new | Peoplo.ai

URL: https://peoplo.ai/in/en/tools/income-tax-calculator/

> Free income tax calculator for salaried employees, FY 2026-27. Compare old and new regimes with standard deduction, the ₹12 lakh rebate and 4% cess.

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# Income tax calculator: old vs new regime

Compare your tax under both regimes for FY 2026-27 and see which one leaves you with more.

New regime

a year · a month

Standard deduction ₹75,000

Taxable income

Tax on slabs

Rebate

Cess 4%

Old regime

a year · a month

Standard deduction ₹50,000

Other deductions

Taxable income

Tax on slabs

Rebate

Cess 4%

Income above ₹50 lakh also pays a surcharge, which this calculator does not include.

Estimates for general information, using rules checked 22 October 2026. Not tax or legal advice. Nothing you enter leaves your browser.

## How it is worked out

This is for resident individuals below 60, for **FY 2026-27** (assessment year 2027-28). Budget 2026 kept the slabs from the year before.

**New regime:** nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% in ₹4 lakh steps, and 30% above ₹24 lakh. The standard deduction is ₹75,000. If taxable income is ₹12 lakh or less, the rebate brings tax to nil. Just above ₹12 lakh, marginal relief caps the tax at the income above ₹12 lakh.

**Old regime:** nil up to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. The standard deduction is ₹50,000, and deductions such as 80C, 80D, HRA and home loan interest reduce taxable income. A rebate of up to ₹12,500 applies if taxable income is ₹5 lakh or less.

Both regimes add 4% health and education cess. Your employer deducts the tax as TDS every month, spread over the year.

Sources · checked 22 October 2026

- [Income Tax Department: Finance Bill 2026 memorandum (rates unchanged for tax year 2026-27)](https://www.incometaxindia.gov.in/documents/81799/11848482/memo-2026.pdf)
- [Income Tax Department: deductions allowable, including the standard deduction](https://wm.incometaxindia.gov.in/w/deductions-allowable-to-tax-payer)
- [ClearTax: Section 156 rebate, Income-tax Act 2025](https://cleartax.in/s/section-156-income-tax-act-2025)

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