New Regime Tax Calculator FY 2026-27: Tax on Your Salary

₹97,500 for FY 2026-27, about ₹8,125 a month. The ₹75,000 standard deduction leaves ₹14.25 lakh taxable. For other salaries:

• ₹13 lakh: ₹26,000
• ₹20 lakh: ₹1,92,400
• ₹25 lakh: ₹3,19,800
• ₹30 lakh: ₹4,75,800

These include the 4% cess, with no other income.

Yes, in the new regime. The standard deduction brings taxable income to ₹12 lakh, and the 87A rebate cancels the tax on it.

• Just above: a ₹13 lakh salary pays ₹26,000, kept low by marginal relief
• Other income counts: savings and FD interest push you over the ₹12 lakh limit too
• Capital gains count: a ₹12 lakh salary plus ₹2 lakh of equity LTCG pays ₹64,350, not zero

Gross salary is your total salary for the year before any tax-free allowance or deduction is taken off: basic pay, DA, HRA, special allowance, LTA, bonus, other allowances and taxable perks. Your Form 16 from your employer shows it. In the Old and New Regime calculators you enter the yearly total; the planner asks for each part separately and adds them up.

CTC is what your employer spends on you, so it also includes the employer's PF share, gratuity provision and group insurance, which aren't part of your gross salary. Take-home pay is what reaches your bank after your own PF, professional tax and TDS are deducted. Tax starts from gross salary, not from either of those. Employer NPS is the exception: it's included in gross salary and then deducted again.

Old regime: gross salary, minus tax-free allowances (HRA, LTA, children's allowances), minus the ₹50,000 standard deduction and professional tax, plus other income such as interest or rent, minus deductions like 80C, 80D and home-loan interest. New regime: gross salary, minus the ₹75,000 standard deduction and employer NPS, plus other income. In both, the tax-free part of gratuity and leave encashment comes off too. Slab rates then apply to what's left: your taxable income.

Nil up to ₹4 lakh; 5% from ₹4–8 lakh; 10% from ₹8–12 lakh; 15% from ₹12–16 lakh; 20% from ₹16–20 lakh; 25% from ₹20–24 lakh; and 30% above ₹24 lakh. Budget 2026 kept these slabs unchanged from FY 2025-26, and they're the same at every age.

The ₹75,000 standard deduction for salary or pension, employer NPS (up to 14% of basic + DA), the Agniveer corpus contribution, and a few others such as family pension. 80C, 80D, HRA, LTA and interest on a self-occupied home loan are not allowed.

10% above ₹50 lakh, 15% above ₹1 crore and 25% above ₹2 crore. Unlike the old regime, the new regime never charges 37%. Marginal relief applies just above each threshold.

No, it's the default. You only need to act if you want the old regime: tell your employer for TDS, and choose it when filing your return.

From 1 April 2026 the new regime sits in section 202 (previously 115BAC) and the rebate in section 156 (previously 87A). The rates and limits themselves did not change.

Your employer deducts TDS on a projection: the salary it expects to pay you and the proofs you submitted. A bonus, a job change, investments you never declared or interest income can all change the final figure. What counts is the tax worked out in your return: extra TDS comes back as a refund, and any shortfall is paid as self-assessment tax before you file.

Add the salary from both employers and enter the total. You get the standard deduction and each deduction limit only once for the year. Each employer may have given you the 0% slab and the rebate in its own TDS, so tax is often short: give your new employer your earlier salary details (Form 12B) or pay the balance before filing.

Interest on a home you live in isn't deductible in the new regime, and neither is the principal under 80C. If a large home loan is your main deduction, compare both regimes: interest plus principal is often what makes the old regime cheaper.

No. Gratuity paid to the nominee or legal heirs after the employee's death isn't taxed in their hands. The limits in this calculator apply to gratuity an employee receives on retirement or resignation.

The taxable part is added to that year’s salary. Because it was earned over many years, you can claim relief for salary bunched into one year (what used to be section 89 relief) by filing the relief form on the e-filing portal before your return. It recomputes the tax as if the amount had been spread over earlier years.

Yes, fully, as part of that year’s salary, in both regimes. The exemption applies only to leave encashed when you leave the job, on retirement or resignation.

Your basic pay, plus DA if it counts for retirement benefits, plus any commission fixed as a percentage of turnover, averaged over the 10 months just before you leave. Allowances like HRA and special allowance are left out, which is why the tax-free amount is often lower than people expect.

No. It's a flat amount for salary and pension income: ₹75,000 in the new regime and ₹50,000 in the old. It is applied automatically, whatever you actually spent, and only once a year even if you had two employers.

Yes. A pension from your former employer is taxed as salary, so it gets the same standard deduction. Family pension received after a family member's death is different: it gets a deduction of one-third, up to ₹25,000 in the new regime or ₹15,000 in the old.

Yes. Besides the 14% (or 10%) limit, your employer's contributions to EPF, NPS and superannuation together are tax-free only up to ₹7.5 lakh a year. Anything above is taxed as a perquisite, along with the returns earned on it.

In the new regime it's one of the few deductions left: up to 14% of basic + DA comes off your taxable salary. The money is locked until 60, so it suits long-term savings rather than money you'll need soon. Not every employer offers it, so ask HR.

Start with the rent, subtract the municipal tax you paid, then a flat 30% for repairs, then the full home-loan interest (no ₹2 lakh cap for a let-out house). What remains is added to your income at slab rates, in both regimes.

In the old regime, up to ₹2 lakh of the loss comes off your salary and other income; the rest carries forward for 8 years, but only against future house-property income. In the new regime the loss can't reduce other income and can't be carried forward, so it simply lapses.

Yes. It's a flat 30% of the rent after municipal tax, with no bills needed. The flip side is that actual repair, maintenance or society charges can't be deducted separately.

Yes, for residents. When taxable income is ₹12 lakh or less, a rebate of up to ₹60,000 cancels the slab tax. Salaried people also get the ₹75,000 standard deduction first, so a salary of up to ₹12.75 lakh pays no tax.

Without it, earning ₹12,10,000 would cost about ₹61,500 in tax while ₹12,00,000 costs nothing. Marginal relief limits the tax to the amount by which income exceeds ₹12 lakh, so ₹12,10,000 pays ₹10,000 plus cess. The relief fades out at around ₹12.7 lakh of taxable income.

No. Since FY 2025-26 the rebate can't reduce tax on gains taxed at special rates: equity STCG (20%) and LTCG (12.5%). Those gains still count towards the ₹12 lakh limit, so a ₹12.75 lakh salary with even ₹1 lakh of tax-free equity LTCG loses the whole ₹60,000 rebate. Add your gains in the calculator to see the effect.

No. The rebate (87A, now section 156) is only for resident individuals. A non-resident pays slab tax from the first rupee above the 0% slab, even if total income is under ₹12 lakh.

Anything taxed at your slab rate that isn’t salary: FD and RD interest, freelance or consulting fees, family pension, or interest on an income-tax refund. Leave out tax-free income such as PPF interest, and enter share and mutual-fund gains in the capital gains section instead.

Yes. Interest, freelance income and every other slab-rate income count, and so do capital gains. A small amount of interest can take you just past ₹12 lakh; marginal relief then keeps the tax to the amount above the limit.

Yes. FD interest is added to your income and taxed at your slab rate, every year as it accrues, even if you haven't received it yet. The bank's 10% TDS is only an advance: claim it as a credit, and pay the rest if you're in a higher slab.

No. A capital loss can only be set off against capital gains: a short-term loss against any gain, a long-term loss only against long-term gains. Whatever is left carries forward for 8 years, but only if you file your return by the due date.

Listed shares and equity mutual funds are long-term after 12 months. Most other assets, such as property, gold and unlisted shares, are long-term after 24 months. Debt mutual funds bought on or after 1 April 2023 are taxed at slab rates however long you hold them.

Neither. It's ₹1.25 lakh per person per year, across all your listed shares and equity funds put together. Family members each get their own, so investments held in a spouse's or parent's name have a separate exemption.