New Tax Regime Calculator FY 2026-27
Accurate Tax, Interest & Net Payable Calculator (AY 2027-28)
1. Select Entity Profile
2. Income Details
3. Allowed Deductions (New Regime)
4. Taxes Paid
5. Interest & Penalties (234A, B, C)
Tax Computation Summary
Tax Breakdown
Net Tax Payable
Key Tax Rules — FY 2026-27 (New Tax Regime | Sec 115BAC)
- Rebate u/s 87A: If total taxable income ≤ ₹12,00,000, full tax on normal income is waived (Max rebate ₹60,000).
- Rebate NOT Applicable On: STCG u/s 111A, LTCG u/s 112A, and LTCG u/s 112. These are taxed at special rates.
- Partial Rebate: If total income (including CG) > ₹12L but normal income alone is ≤ ₹12L, rebate may still apply on normal tax.
- Marginal Relief: Ensures extra tax doesn’t exceed the excess income over ₹12 Lakh.
- Standard Deductions: ₹75,000 from Salary/Pension. Family Pension gets lower of 1/3rd or ₹15,000.
- Allowed Sections: Employer NPS (80CCD-2), Own NPS up to ₹50k (80CCD-1B), and Agniveer Fund (80CCH).
- Capital Gains: First ₹1,25,000 of LTCG u/s 112A is exempt. Surcharge on 111A/112A is capped at 15%.
- Interests 234B & 234C: 1% per month charged for shortfall in advance tax or quarterly instalments.
New Tax Regime Calculator FY 2026-27: Calculate Your Income Tax Instantly
Are you confused about how much income tax you owe under the New Tax Regime for FY 2026-27? Our free New Tax Calculator makes the process simple, fast and accurate. Whether you are a salary employee, business owner, HUF, firm or company this tool cover every entity type under section 115BAC of the Income Tax Act.
What is the New Tax regime? (Section 115BAC)
Introduced in Budget 2020 and made the default regime FY 2023-24 onwards, the New Tax Regime under section 115BAC offers lower tax slab rates in the exchange for foregoing most deductions and exemption. For FY 2026-27, the government has revised the slab structure, making it even more attractive for taxpayers.
New Tax Regime Slab Rate for FY 2026-27
Under the revised slabs for individual, HUF, & Senior Citizen (New Regime)
- Up to ₹4,00,000 – Nil (Zero Tax)
- ₹4,00,001 to ₹8,00,000 – 5%
- ₹8,00,001 to ₹12,00,000 – 10%
- ₹12,00,001 to ₹16,00,000 – 15%
- ₹16,00,001 to ₹20,00,000 – 20%
- ₹20,00,001 to ₹24,00,000 – 25%
- Above ₹24,00,000 – 30%
Income Tax Calculator Excel Free Download
Download the best income tax calculator Excel free download for accurate and quick tax calculation. This user-friendly sheet includes latest tax slabs, deduction, and auto formulas. Ideal for salaried individuals and professionals to estimate TDS, plan efficiently, and manage easily with a reliable and fast Excel tool.
Section 87A Rebate: Zero Tax on Income Up to ₹12 lakh
The most significant benefit of the no the New Tax Regime in FY 2026-27 is the Section 87A rebate. If you total taxable income is ₹12,00,000 or less, you pay zero Income Tax. This rebate (maximum ₹60000) effectively wipe out the entire tax liberty on normal income. However, capital gains taxed under Section 111A STCG on equity) and Section 112A (LTCG on equity) eligible for this rebate -they are taxed separately at 20% and 12.5% respectively.
Key Feature of Our New Tax Region Calculator
- Auto –applies ₹75,000 Standard Deduction on salary and pension income
- Calculates Family Pension deduction (1/3rd of pension or ₹15,000, whichever is lower) automatically.
- Handles Employee NPS u/s 80CCD (2) and Own NPS Contribution u/s 80CCD (1B) up to ₹50,000
- Includes Agni Veer Corpus Fund deduction u/s 80CCH (100% deduction-new regime allowed)
- Separately computer STCG (Sec 111A), LTCG (Sec 112A with ₹1.5 Lakh exemption) and LTCG (Sec 112)
- Applies correct surcharge rate 10%, 15%, 25% and 37% with surcharge capped at 15% for equity CG
- Adds Health & Education Cess @4% automatically
- Calculate interest u/s 234B and service tax default
- Supports TDS and Advance Tax detections to show net Tax Payable or refund
- Covers Firms, LLPs, Domestic Company (115BAA, 115BAB, Normal), and Foreign Companies
Deductions allowed Under the New Tax regime in FY 2026-26
A common misconception is that on deductions are allowed in new regime. While most reductions under chapter VI-A (like 80C, 80D) are not available, the following are still permitted:
- Standard Detection of 75,000 form salary and pension
- Employer’s contribution to NPS u/s 80CCD (2)
- Our NPS contribution u/s 80CCD (1B)- up to ₹50,000
- Agni Veer Corpus fund contribute u/s 82CCH-100% deduction
- Family pension standard deduction (1/3rd or ₹15000)
How to Use the Tax calculator?
Using the calculator is straightforward. Select your entity type (individual, Senior Citizen, HUF, Firm, or Company), then enter your income, and any details – salary, business income, capital gain, house property income, and any allowed directions. The calculate instantly shows your gross taxable income, applicable tax slabs rebate eligibility, surcharge cess and final net tax payable or refund amount. All figures update in real time as you type.
Frequently Asked Questions (FAQs)
In income up to 12 lakhs really tax-free FY 2026-27
Yes, under the new tax resume, new total taxable income excluded specific rate capital gain is 12 less the section 87 rebate making your tax liability zero. Salary individual with gross salary up to 12 lakhs 75000 also benefit because the 75000 standard action bring their taxable income to the 12 lakh.
What is Marginal Relief under the New Tax regime?
If your income is slightly above ₹12 lakhs (for example ₹12 lakh) marginal relief, ensure that your additional tax done not exceed the additional income over ₹12 lakhs. This prevents a situation where earning a little more leads to the disproportionately higher taxes.
Can I Switch between Old and New Tax Regime?
Salary individual can switch between regime every year while filing their return. However, taxpayers with business income can which only once from new to old regime. The new tax regime. The new regime is the default from FY 2023-24 onwards, you must actively opt for the old regime.