Income Tax Calculator — AY 2027-28
New Tax Regime | Tax Year 2026-27
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Basic Profile
Residential status, age, employment
Age does not change slab rates in the New Regime, but is kept for record.
Salary Income
Gross or component‑wise
Standard Deduction: ₹75,000
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Deductions NOT Available
80C, 80D, HRA, LTA, etc.
- 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 remain disallowed under the default New Regime.
Employer NPS
Contribution details
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.
Other Income
Interest, dividend, family pension
House Property
Rental / self‑occupied
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.
Capital Gains
Equity, property, other assets
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.
Tax Already Paid
TDS, TCS, Advance Tax
Tax Slabs (New Regime)
| Income Slab | Rate |
|---|
| ₹0 – ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Rebate up to ₹60,000 for residents with taxable income ≤ ₹12,00,000 (with marginal relief).
Quick Facts
- Standard Deduction: ₹75,000 (capped at salary)
- Employer NPS: 14% of Basic+DA
- Surcharge: 10% (>50L–1Cr), 15% (>1Cr–2Cr), 25% (>2Cr); capped at 25%
- Health & Education Cess: 4%
- Equity LTCG: 12.5% above ₹1.25L
- Equity STCG: 20%
- Other LTCG: 12.5% (no indexation)
FAQs
Yes, it uses the New Tax Regime slabs, standard deduction, rebate, and surcharge as per the Income-tax Act, 2025 and Finance Bill 2026 updates. Last verified on 09 Aug 2026.
Under the default New Tax Regime, popular deductions like 80C, 80D, HRA, LTA, and home loan interest on self‑occupied property are not allowed. Only employer NPS contribution and standard deduction are permitted.
A rebate of up to ₹60,000 is available for resident individuals with normal‑rate taxable income ≤ ₹12,00,000. Marginal relief applies just above the threshold to limit the tax increase.
Tax Rules & Sources
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Primary authority: Income Tax Department → CBDT → Ministry of Finance / India Budget → Finance Act → Income-tax Act, 2025 → Income-tax Rules/notifications. Last verified on .
- Slabs — 0–4L nil, 4–8L 5%, 8–12L 10%, 12–16L 15%, 16–20L 20%, 20–24L 25%, above 24L 30%.
- Standard deduction — ₹75,000, capped at salary income.
- Rebate — up to ₹60,000 for residents with normal‑rate taxable income ≤ ₹12,00,000.
- Surcharge — 10% (>50L–1Cr), 15% (>1Cr–2Cr), 25% (>2Cr), capped at 25%.
- Cess — 4% on tax + surcharge.
- Employer NPS — 14% of Basic+DA.
- Capital gains — Equity LTCG 12.5% above ₹1.25L; Equity STCG 20%; Other LTCG 12.5% (no indexation).
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.