Audited against published schedules under the Income-tax Act, 1961 (as amended by Finance Acts) from Income Tax Department (CBDT).
How Your Calculation Works (India • FY 2026-27)
This calculation tool operates strictly in accordance with statutory tax brackets and financial schedules published by Income Tax Department (CBDT) for the FY 2026-27 fiscal tax year (Income-tax Act, 1961 (as amended by Finance Acts)).
This calculator evaluates your gross income under both statutory regimes: Old Regime (with standard deduction ₹50,000 + 80C + 80D + HRA + Home loan interest) vs New Regime (with standard deduction ₹75,000 + lower tax slabs), highlighting your exact rupee tax savings.
Understand which regime saves more money across different salary levels in the Old vs new regime slabs AY 2026-27.
Tax Liability = Progressive Slab Tax (5%–30%) + 4% Health & Education Cess − Section 87A Rebate − Standard Deduction (₹75k)Statutory Allowances & Deductions
New Tax Regime standard deduction of ₹75,000 combined with Section 87A rebate provides zero tax liability up to ₹12.75 Lakhs gross for salaried taxpayers.
Under the Old Regime, Section 80C (₹1.5L), Section 80D (health insurance), and HRA Section 10(13A) provide extensive taxable income relief.