India Income Tax Calculators FY 2026-27

From 1 April 2026 the Income-tax Act, 2025 replaces the 1961 Act, so FY 2026-27 is also called Tax Year 2026-27. Slab rates didn't change, but section numbers did. Salaried individuals still choose between two regimes every year. The new regime (Section 202, earlier 115BAC) is the default: lower slab rates, a ₹75,000 standard deduction and a rebate under Section 156 (earlier 87A) that makes taxable income up to ₹12 lakh tax-free. The old regime keeps higher rates but allows deductions such as Section 123 (earlier 80C), Section 126 (earlier 80D), HRA and home-loan interest. Our old vs new tax regime calculator runs both side by side and tells you exactly how much you save.

Your job offer shows a CTC, but what reaches your account is lower once PF, professional tax and TDS are deducted. Use the CTC to in-hand salary calculator to see your real monthly pay, or the job offer comparator to put two offers head to head. If you rent your home, the HRA exemption calculator works out how much of your house rent allowance is tax-free under the old regime.

Investors and traders pay tax differently. Equity gains are taxed at special rates (20% short term, 12.5% long term above ₹1.25 lakh), while intraday and F&O profits are business income taxed at slab rates. The capital gains and F&O tax calculator combines all of them into one bill.

New to the 2025 Act or comparing job offers? Our income tax guides explain the Section 156 rebate, the 8-city HRA rule, CTC vs in-hand pay and the new section numbers with worked examples.