Financial year

Rates, slabs, surcharge and the 87A rebate are identical in both years (Budget 2026 made no rate changes) — the year selection drives the statutory references, instalment dates and report labels.

Taxpayer

Type

Age (for old regime slabs)

Income ALL FIGURES FOR F.Y. 2025-26 (₹)

Enter what applies; leave the rest at zero. Figures in words appear under each box.

Gross salary (incl. all allowances)

Exempt allowances — HRA, LTA etc. (old regime only)

Professional tax paid

House property

Business / profession — net taxable income

Other sources — interest (FD etc.), other

Savings-bank interest (added to income; 80TTA/TTB auto in old regime)

Dividend income

STCG u/s 111A — listed equity/MF (20%)

STCG — other assets (slab rate)

LTCG u/s 112A — listed equity/MF (12.5% over ₹1.25 L)

LTCG — other assets (12.5%)

Deductions OLD REGIME (CHAPTER VI-A) — CAPS APPLIED AUTOMATICALLY

80C / 80CCC / 80CCD(1) — LIC, PF, ELSS, tuition…

80CCD(1B) — NPS (self, extra)

80CCD(2) — NPS (employer) (both regimes)

80D — health insurance (self + parents)

80G — eligible donation amount

80E — education-loan interest

Other Chapter VI-A (80DD, 80U…)

Common questions

Is income up to ₹12 lakh tax-free in F.Y. 2026-27?

Under the new regime, yes for most resident individuals — the Section 87A rebate (₹60,000) makes taxable income up to ₹12 lakh tax-free, with marginal relief just above; salaried persons effectively reach ₹12.75 lakh with the standard deduction. In the new regime the rebate does not apply against special-rate capital gains; under the old regime the ₹12,500 rebate can absorb tax including STCG u/s 111A (only 112A gains are barred). This calculator applies both rules automatically.

Which is better, old or new tax regime?

It depends on one number: your total deductions. Below a break-even level of deductions the new regime wins; above it the old regime can win. This calculator computes both regimes on your figures and shows the exact break-even deduction amount.

Did income tax slabs change for F.Y. 2026-27?

No — the Finance Act, 2026 kept slabs, surcharge and the rebate unchanged. What changed is the law itself: the Income-tax Act, 2025 applies from 1 April 2026 with new section numbers, which this calculator displays alongside the familiar old ones.