Income-tax calculator AY 2026-27: How to calculate tax liability in new and old tax regimes for FY 2025-26

Finance Minister Nirmala Sitharaman will today announce the Income-tax slabs for FY 2026-27 to be effective from April 1, 2026.

Income Tax Calculator

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Basic details

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Income details

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HR & other allowances

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Deductions

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Summary

Basic details

Financial year

FY 2025 - 2026

New

Age group

0 - 59 yrs

My city is a

Metro

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Please note that in case there is any change in tax slabs, the calculator will be updated to reflect the relevant slabs and rates. After the Budget Presentation, the calculator will also be updated to reflect new financial year 2026-27.

How to use this calculator

Using the income-tax calculator is simple. All you need to do is provide the following inputs:

• Basic details like Financial Year, Age Group, City Type

• Income details like salary, interest income, income from other sources

• Property details like type of property, gross rent, municipal tax, interest on loan, arrears/unrealised rent received during the financial year

• HRA allowance, and other allowances

• Relevant tax deductions

After providing all the above details, click on calculate. The calculator will give you a comparison of your tax liability under both the new and old tax regimes.

For AY 2026-27, taxpayers earning up to ₹12 lakh annually, excluding special income like capital gains from equity shares and equity mutual funds, will not have to pay any income tax in the new regime. The basic exemption limit in the new regime is ₹3 lakh.

For salaried individuals, the tax-free income limit rises to ₹12.75 lakh due to the standard deduction of ₹75,000. However, special rate incomes are not covered under this limit. In addition to lower slab rates, a rebate ensures that individuals in this range effectively have zero tax liability.