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Income Tax Calculator — AY 2027-28

New Tax Regime  |  Tax Year 2026-27

Based on Income-tax Act, 2025 and applicable rules Tax rules verified for AY 2027-28 — last verification: 09 Aug 2026

This is not an official Income Tax Department calculator. It provides an estimate only.

Quick try:
1. Basic Profile
Age does not change slab rates in the New Regime, but is kept for record and future rule changes.
Employer NPS limit is 14% of Basic+DA for every category under the New Regime — this field is for your records.
2. Salary Income
Standard Deduction: ₹75,000 ⓘ
Common deductions NOT available in the New Tax Regime
  • 80C, 80CCC — investments/insurance/principal repayment
  • 80CCD(1) / 80CCD(1B) — your own NPS contribution
  • 80D, 80DD, 80DDB — health insurance & medical treatment
  • 80E, 80EE, 80EEA, 80EEB — education & home/EV loan interest
  • 80G, 80GG, 80GGA, 80GGC — donations & rent paid
  • 80TTA, 80TTB — savings/deposit interest
  • 80U — taxpayer's own disability
  • HRA and LTA/LTC exemptions
  • Home loan interest on a self-occupied property

These map to provisions carried forward from the Income-tax Act, 1961 into the Income-tax Act, 2025 — they remain disallowed under the default New Regime.

3. Employer Contribution to NPS

Employer NPS contribution can qualify for a deduction under the New Tax Regime subject to 14% of Basic+DA. Use "Enter salary components" above so the calculator has your Basic+DA to compute the exact limit.

4. Other Income
5. House Property Income

Self-occupied: interest is not deductible under the New Regime. Let-out: interest is deductible against rent with no cap, but a resulting loss cannot reduce your salary/other income this year — it only carries forward.

6. Capital Gains

Equity LTCG: 12.5% above ₹1,25,000/year exemption. Equity STCG: 20%. Other-asset LTCG: 12.5% (no indexation). These do not receive the rebate and carry their own 15%-capped surcharge.

7. Tax Already Paid
Tax Rules & Sources

Primary authority order used: Income Tax Department (incometax.gov.in) → CBDT → Ministry of Finance / India Budget → Finance Act → Income-tax Act, 2025 → Income-tax Rules/notifications. All figures below were checked against professional-tax secondary sources on and should be reconciled against the official sources before relying on them for a filing.

  • Slabs — 0–4L nil, 4–8L 5%, 8–12L 10%, 12–16L 15%, 16–20L 20%, 20–24L 25%, above 24L 30%. Unchanged by Finance Bill 2026.
  • Standard deduction — ₹75,000, capped at salary income.
  • Rebate — up to ₹60,000 for residents with normal-rate taxable income ≤ ₹12,00,000, with marginal relief just above the threshold; not available against special-rate capital gains.
  • Surcharge — 10% (>50L–1Cr), 15% (>1Cr–2Cr), 25% (>2Cr), capped at 25% under the New Regime (no 37% band); special-rate capital gains surcharge capped at 15%.
  • Cess — 4% on tax + surcharge.
  • Employer NPS — 14% of Basic+DA, uniform for all employee categories since FY 2025-26.
  • Capital gains — Equity LTCG 12.5% above ₹1.25L exemption; equity STCG 20%; other-asset LTCG 12.5% (no indexation).
  • House property — self-occupied interest not deductible; let-out interest deductible against rent with no cap; resulting loss not set off against other heads this year (flagged for professional verification — secondary sources are not fully consistent on carry-forward mechanics under the new Act).
This calculator provides an estimate based on the information entered and the tax rules configured for the selected tax year. It is not a substitute for professional tax advice or the official Income Tax Department computation. Users should verify their final tax liability using the applicable law, ITR instructions and official Income Tax Department resources.