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Income tax calculator AY 2026-27: How much tax you pay on ₹12–30 lakh salaries under new regime
5 min read | Updated on January 29, 2026, 16:02 IST
SUMMARY
Income Tax Calculator AY 2026-27 news: Tax slabs relevant for AY 2026-27 will be the same as those announced in Union Budget 2025. This is because, during assessment year 2026-27, you will be filing returns for your income earned in FY 2025-26, and the slabs and rates for that were announced by Finance Minister Nirmala Sitharaman in Budget 2025.
The slabs and rates to be announced in Budget 2026 will be useful while returns for FY 2026-27 in 2027. | Image source: Shutterstock
Taxpayers will be filing their Income Tax Return (ITR) for Assessment Year (AY) 2026-27 during the tax filing season starting from April 1, 2026. As the Union Budget 2026 is set to be presented on February 1, 2026, you may be unsure about which tax slabs will apply when filing returns for AY 2026-27.
The answer is that the tax slabs relevant for AY 2026-27 will be the same as those announced in Union Budget 2025. This is because, during assessment year 2026-27, you will be filing returns for your income earned in FY 2025-26, and the slabs and rates for that were announced by Finance Minister Nirmala Sitharaman in Budget 2025.
To help you understand the tax calculation for AY 2026-27, this article shows how salary incomes of ₹12 lakh, ₹15 lakh, ₹18 lakh, ₹25 lakh and ₹30 lakh will be taxed under the new tax regime. Later part of the article also touches upon what is expected from Budget 2026.
Income tax on ₹12 lakh salary under new regime in AY 2026-27
| Gross total income | ₹11,25,000 |
|---|---|
| Total taxable Income | ₹11,25,000 |
| Income tax slab | ₹8,00,001 - ₹12,00,000 |
| Tax payable after rebate/surcharge | ₹0 |
| Final tax payable (Includes health and education cess) | ₹0 |
Income tax on ₹15 lakh salary under new regime in AY 2026-27
The calculator shows that tax liability on salary income of ₹15 lakh under the new tax regime will be ₹97,500 (including health and education cess ). The tax liability without cess will be ₹93,750.
| Gross total income | ₹14,25,000 |
|---|---|
| Total taxable Income | ₹14,25,000 |
| Income tax slab | ₹12,00,001 - ₹16,00,000 |
| Tax payable after rebate/surcharge | ₹93,750 |
| Final tax payable (Includes health and education cess) | ₹97,500 |
Income-tax on ₹20 lakh salary under new regime in AY 2026-27
The calculator shows that tax liability on salary income of ₹20 lakh under the new tax regime will be ₹1,92,400 (including health and education cess ). The tax liability without cess will be ₹1,85,000.
| Gross total income | ₹19,25,000 |
|---|---|
| Total taxable Income | ₹19,25,000 |
| Income tax slab | ₹16,00,001 - ₹20,00,000 |
| Tax payable after rebate/surcharge | ₹1,85,000 |
| Final tax payable (Includes health and education cess) | ₹1,92,400 |
Income-tax on ₹25 lakh salary under new regime in AY 2026-27
The calculator shows that tax liability on salary income of ₹25 lakh under the new tax regime will be ₹3,19,800 (including health and education cess). The tax liability without cess will be ₹3,07,500.
| Gross total income | ₹24,25,000 |
|---|---|
| Total taxable Income | ₹24,25,000 |
| Income tax slab | >= ₹24,00,000 |
| Tax payable after rebate/surcharge | ₹3,07,500 |
| Final tax payable (Includes health and education cess) | ₹3,19,800 |
Income-tax on ₹30 lakh salary under new regime in AY 2026-27
The calculator shows that tax liability on salary income of ₹30 lakh under the new tax regime will be ₹4,57,800 (including health and education cess). The tax liability without cess will be ₹4,57,800.
| Gross total income | ₹29,25,000 |
|---|---|
| Total taxable Income | ₹29,25,000 |
| Income tax slab | >= ₹24,00,000 |
| Tax payable after rebate/surcharge | ₹4,57,500 |
| Final tax payable (Includes health and education cess) | ₹4,75,800 |
Will Budget 2026 slabs impact your tax calculation?
No. The tax slabs announced in Budget 2026 will be applicable for AY 2027-28, which will be known as Tax Year 2026-27 after the new Income Tax Act 2025 comes into effect from April 1, 2026.
The slabs and rates to be announced in Budget 2026 will be useful while returns for FY 2026-27 in 2027.
Finance Minister Nirmala Sitharaman is not expected to further tweak tax slabs, especially those under the new tax regime, in Budget 2026. In view of the government's push for the new regime over the last few years, no significant change is expected in the old tax regime either.
If the above assumptions hold, then the Finance Bill 2026 will simply repeat the slabs and rates that were announced in the previous year and the tax calculation process for Tax Year 2026-27 will remain same as AY 2026-26.
However, the finance minister is expected to use the Budget 2026 to fine-tune existing tax laws or announce some minor tweaks for the benefit of some sections of taxpayers.
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