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Income Tax Calculator (FY 2026-27)
Compare old vs new tax regime and optimize your tax liability
Rates as of 2026-06-17
₹
₹0₹10,00,00,000
Age-based higher exemptions and §87A rebate do not apply to NRIs.
Deductions (Old Regime Only)
₹
₹0₹1,50,000
₹
₹0₹25,000
₹
₹0₹2,00,000
₹
₹0₹10,00,000
Lower tax (illustrative)
New Regime
₹1,05,300 lower under New Regime — for comparison only, not advice.
Gross Income₹15,00,000
Total Deductions-₹1,75,000
Taxable Income₹12,75,000
Income Tax₹1,95,000
Cess (4%)₹7,800
Total Tax₹2,02,800
Net Income₹12,97,200
Tax Comparison
Important Notes:
- New tax regime has lower tax rates but doesn't allow most deductions
- Old regime allows deductions under 80C, 80D, 24b, etc. but has higher tax rates
- Standard deduction applies to salary income only.
- Once you choose new regime, you can switch back to old regime only once
- Tax rates current as of 2026-06-17 (FY 2026-27).
- Surcharge marginal relief is not modeled; tax may be overstated for income just above ₹50L/₹1Cr/₹2Cr/₹5Cr.
- This calculator is for estimation purposes only. Consult a tax advisor for accurate filing
- For NRIs: Tax rates are same, but TDS rates differ. DTAA benefits may apply.
This calculator is for estimation purposes only. Consult a tax advisor for accurate filing.