Tax rates and 2026 rules
Slabs, the rebate, the two regimes, capital gains rates, TDS and advance tax under the Income-tax Act, 2025.
income tax calculator 2026-27
Income tax calculator and guides for tax year 2026-27
Work out your tax under the new and old regimes, see which deductions still help you, and file on time under the Income-tax Act, 2025 that took effect on 1 April 2026.
- Slab maths, the ₹12 lakh rebate and marginal relief shown with real arithmetic
- Old vs new regime break-even tables for salaried taxpayers
- Capital gains, TDS, advance tax and ITR deadlines in one place
Start hereNew Regime Income Tax Calculator, Tax Year 2026-27
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Calculations and checklists
Worked examples for salary, HRA, home loans, deductions and capital gains, plus filing checklists.
Mistakes and official sources
Late filing, wrong regime choices, AIS mismatches, refunds, updated returns and where to check the official rules.
Start here
Tax rates and 2026 rules
Capital gains tax rates 2026-27: 20% STCG, 12.5% LTCG and the ₹1.25 lakh exemption
Capital gains tax on shares, equity and debt mutual funds, gold and property for tax year 2026-27 under sections 196, 197 and 198 of the Income-tax Act, 2025.
Mistakes and official sources
Common income tax mistakes in India and how to fix them (2026-27)
The income tax mistakes that cost most: late filing, wrong regime, missed AIS income, job-change shortfalls, challan errors and fake claims, with fixes.
Calculations and checklists
How to calculate income tax for 2026-27: four worked examples under both regimes
Step-by-step income tax calculations for 2026-27: a ₹12.75 lakh salary, ₹18 lakh with deductions, a senior pensioner and an investor.
Tax rates and 2026 rules
Income tax rules for tax year 2026-27: what individuals need to know under the Income-tax Act, 2025
Tax year 2026-27 under the Income-tax Act, 2025: new regime slabs, ₹12 lakh rebate, ₹75,000 standard deduction, capital gains, TDS and due dates.
Tax rates and 2026 rules
New tax regime slabs 2026-27: the ₹12 lakh rebate, marginal relief and who pays nothing
New regime slabs for tax year 2026-27, the section 156 rebate of up to ₹60,000, marginal relief above ₹12 lakh and the ₹75,000 standard deduction.
Tax rates and 2026 rules
Old vs new tax regime 2026-27: break-even deductions at every salary level
Which regime is better for 2026-27? Break-even deduction tables for salaried taxpayers, worked profiles, switching rules and special cases.
Tools
New Regime Income Tax Calculator, Tax Year 2026-27
Estimate income tax under the default new regime (section 202) for tax year 2026-27, with the 4% cess built into the slab rates.
Old Regime Income Tax Calculator, Tax Year 2026-27
Estimate income tax under the old regime for tax year 2026-27 for a resident below 60, after your deductions and exemptions, with 4% cess.
Old Regime Deduction Tax-Saving Calculator
See how much tax a deduction or exemption actually saves you under the old regime, at your marginal slab rate including cess.
Capital Gains Tax Calculator (12.5% and 20%)
Estimate tax on long-term or short-term gains from listed shares and equity mutual funds, including the 4% cess.
TDS Deduction Calculator
Work out the tax deducted at source on interest, rent, fees or other payments, and the amount actually credited.
Tax-Saving Investment Growth Calculator
Project what monthly contributions to PPF, ELSS, NPS or similar products could grow to, with an optional tax on gains.
ITR Filing Checklist for Individuals
Gather documents, reconcile AIS, choose the regime and file before 31 July without missing a step.
New vs old tax regime for tax year 2026-27
| Feature | New regime (default) | Old regime (opt-out) | What it means for you |
|---|---|---|---|
| Slab rates | Nil to ₹4 lakh; 5%, 10%, 15%, 20%, 25% in ₹4 lakh steps; 30% above ₹24 lakh | Nil to ₹2.5 lakh (₹3 lakh at 60+, ₹5 lakh at 80+); 5% to ₹5 lakh; 20% to ₹10 lakh; 30% above | The new regime is cheaper at the same taxable income at every level |
| Rebate for residents | Up to ₹60,000, so no tax on total income up to ₹12 lakh, with marginal relief just above | Up to ₹12,500, so no tax on total income up to ₹5 lakh | A salaried person earning up to about ₹12.75 lakh pays no tax under the new regime |
| Standard deduction (salary or pension) | ₹75,000 | ₹50,000 | ₹25,000 more off taxable income in the new regime |
| Investment deduction (old 80C, now section 123) | Not allowed | Up to ₹1.5 lakh | Worth up to ₹46,800 a year at the 30% slab plus cess |
Frequently asked questions
Is income up to ₹12 lakh really tax-free in 2026-27?
Under the new regime, a resident individual whose total income does not exceed ₹12 lakh gets a rebate of up to ₹60,000, which wipes out the slab tax. For a salaried person, the ₹75,000 standard deduction means gross salary up to ₹12.75 lakh results in nil tax. Tax on capital gains at special rates is not covered by the rebate.
Which Act applies to the return I file in 2026?
Returns filed in 2026 are for FY 2025-26 (assessment year 2026-27) and remain under the Income-tax Act, 1961. The Income-tax Act, 2025 applies to income from 1 April 2026, so the first return under it is for tax year 2026-27 and is due in 2027.
Can I still claim 80C and 80D?
Yes, but only in the old regime. Under the 2025 Act they are renumbered, with the ₹1.5 lakh investment deduction in section 123 and health insurance in section 126, and the limits are essentially unchanged. The new regime does not allow them.
Can a salaried person switch between regimes every year?
Yes. Someone without business or professional income chooses the regime each year when filing. The option to use the old regime must be exercised in a return filed by the due date, so a late return is taxed under the new regime.
What is the ITR due date for tax year 2026-27?
For individuals without business income, the due date in section 263 of the 2025 Act is 31 July following the tax year, so 31 July 2027 for tax year 2026-27. Since the Finance Act, 2026, non-audit business and professional cases have 31 August, and audit cases 31 October. The government sometimes extends dates by circular, so check the e-filing portal.
What happens if I file my return late?
You pay a late fee of ₹5,000 (₹1,000 if total income is up to ₹5 lakh), interest on unpaid tax, and you cannot carry forward most losses. A belated return can still be filed within nine months of the end of the tax year.
How is long-term capital gain on shares taxed now?
Long-term gains on listed equity shares and equity fund units held for more than 12 months, with STT paid, are tax-free up to ₹1.25 lakh a year and taxed at 12.5% above that. Short-term gains on them are taxed at 20%. Cess is added on top.
Is this site tax advice?
No. It is general information to help you understand the rules and check your own calculations. For business income, foreign income, large capital gains or a notice, speak to a chartered accountant or a tax practitioner.
How this site is made
Kar Ganak is an independent information project. Guides are drafted with the help of AI writing tools and checked against official and primary sources before publication; see our Editorial Policy. We are not affiliated with any provider mentioned on the site and do not sell products or services.