Online Income Tax Calculator FY 2026-27 (AY 2027-28) – Compare Old vs New Regime & Break-Even Point

What is the zero tax limit in FY 2026-27?

Under the New Tax Regime for FY 2026-27, salaried individuals can effectively have zero tax liability up to a gross income of approximately ₹12.75 lakh. This includes the ₹75,000 standard deduction and the Section 87A rebate of ₹60,000.

Online Income Tax Calculator: Old vs New Regime Comparison for FY 2026-27

Looking for an accurate Income Tax Calculator for FY 2026-27? This updated tool helps you compare the Old vs New Tax Regime, calculate slab-wise tax, apply the ₹75,000 standard deduction, and check your Section 87A rebate eligibility — instantly.

This tool provides a clear, side-by-side comparison of the Old vs New Tax Regime. You can see which option actually saves you more. It prevents you from just guessing.

Whether you’re a salaried employee planning your investments or a self-employed professional managing multiple income sources, the calculator reflects the latest Budget 2026 changes.

It factors in the ₹75,000 standard deduction, revised tax slabs, and updated LTCG/STCG rates—so your estimate is accurate and reliable.

Many readers wrote to us after Budget 2026 asking whether the ₹75,000 deduction changes the break-even point. The answer is — yes, but only marginally.

Which Tax Regime is Better in FY 2026-27?

For most salaried individuals with deductions below ₹4.25 lakh, the New Tax Regime results in lower tax due to:

• ₹75,000 standard deduction
• Lower slab rates
• Section 87A rebate

If deductions exceed ₹4.25 lakh, the Old Regime may become competitive.

What is an Online Income Tax Calculator?

An online income tax calculator is a practical tool designed to help Indian taxpayers estimate their tax liability accurately. Based on the provisions of the Finance Act 2025 and the latest updates for FY 2026-27 (AY 2027-28), it enables you to understand exactly where you stand before you file your return.

This is especially important given the recent changes to standard deductions, revised tax-free thresholds, and the updated slab structures. Rather than navigating these complex rules on your own, our calculator allows you to see the actual numbers. It computes your tax based on key financial inputs such as:

• Gross annual income
• Deductions under Sections 80C, 80D, and other provisions
• House Rent Allowance (HRA) and Professional Tax
• Standard deduction and Interest income (Savings/Home Loans)

By processing these details, the tool presents a clear comparison between the Old and New Tax Regime, helping you determine which path maximizes your savings. At ArthikDisha, our goal is to simplify your tax planning so you can make informed decisions with confidence

How to use our online income tax calculator?

With the new tax slab 2026 under the new regime, tax planning has become more dynamic. The Online income tax calculator FY 2026-27 ensures you don’t miss out on choosing the most tax-efficient regime—old vs new. It offers side-by-side comparisons based on your inputs, enabling smarter decisions.

Default: New Tax Regime (FY 2026-27): Tax Slabs

Is the New Tax Regime mandatory in FY 2026-27?

No, the New Tax Regime is not mandatory for salaried individuals. It is the default option, but you can opt for the Old Tax Regime while filing your return.
However, taxpayers with business or professional income can switch back only once after choosing the new regime.

Optional: Old Tax Regime (FY 2026-27): Tax Slabs

A common mistake we see every year is taxpayers assuming that higher deductions automatically mean the Old Regime is better. That was true earlier.

But after the enhanced ₹75,000 standard deduction and the revised rebate logic, the break-even threshold has shifted. Always calculate — never assume.

How to Use the Online Income Tax Calculator

1. Enter Your Gross Salary: Add your annual CTC including allowances.
2. Add Deductions (Old Regime): Include 80C, 80D, HRA, home loan interest.
3. Automatic Slab Calculation: The tool applies the latest New & Old regime slabs.
4. Compare & Choose: Review total tax and select the most beneficial regime.

Tip: Include interest income from savings or FDs for complete accuracy.

Income Tax Calculator Old vs New Regime: Which One to Choose?

Many taxpayers are perplexed regarding the comparison between the old and new income tax calculator regimes. Here’s a straightforward approach to understanding this concept:

• If you have high deductions (80C investments, HRA, NPS, housing loan), the old regime may offer greater savings. Remember, it may offer a few savings but not with certainty.
• Notably, the government has endeavoured to make the newly implemented tax regime the most popular one in recent years. Consequently, the previous tax regime has remained unchanged for five years.
• If you prefer simplicity and don’t claim many exemptions, the new regime could be better.

What is the break-even deduction for FY 2026-27?

For FY 2026-27, the break-even deduction level is approximately ₹4.25 lakh. If your total deductions (80C, HRA, home loan interest, NPS, etc.) exceed this amount, the Old Tax Regime may result in lower tax. If your deductions are below this threshold, the New Tax Regime is generally more beneficial.

How to calculate income tax on salary with example in new regime?

Income Tax Calculator Old vs New Comparison: Rs. 15 Lakh and Rs. 20 Lakh Gross salary example

Calculate Your Exact Tax Liability in Seconds (Old vs New Regime)

Tax planning for a new financial year can feel confusing—especially when key provisions change under the Finance Budget 2026. With revised tax slabs, updated capital gains rates, and the enhanced ₹75,000 standard deduction, choosing the right tax regime for FY 2026-27 (AY 2027-28) requires careful calculation.

That’s where our Online Income Tax Calculator India becomes useful.

Instead of manually working through slab rates or estimating deductions, you can calculate your exact tax liability within seconds. Simply enter your income details, applicable deductions, and capital gains to see how much tax is payable under both the Old and New Tax Regime.

Whether you are:

• A salaried employee planning investments under Section 80C and claiming HRA
• A professional or freelancer managing multiple income sources
• An investor with LTCG or STCG income

The calculator gives you a clear, side-by-side comparison based on the latest FY 2026-27 rules.

It factors in:

• Standard deduction (₹75,000 under the new regime)
• Revised LTCG/STCG tax rates
• Section 87A rebate eligibility
• Surcharge and 4% cess

At ArthikDisha, we believe tax planning should be based on clarity—not assumptions. When you understand your numbers, you can choose the right regime, optimise deductions, and plan your finances with confidence.

Calculate Your Taxes for FY 2026-27 with our Online Tax Calculator

Expert Bonus: Download the Offline Excel Tax Companion

While our online calculator is perfect for instant results, many professional users prefer maintaining a local record. As an added resource for ArthikDisha readers, we have provided a synchronized Excel version of this tool. Use the offline companion to:

Prefer working offline or want to keep a record of your tax computations? The Online Income Tax Calculator Excel version is your solution. This Excel tool provides:

• Auto-calculated tax liability
• Deductions and exemptions under various sections
• Comparison of tax payable under old vs new regime
• Salary structure break-up (if applicable)

Yes, we have prepared a free downloadable Excel-based income tax calculator for FY 2026-27. It’s fully automated and easy to use.

Who Should Use This Income Tax Calculator for FY 2026-27?

This calculator is designed for anyone who wants clarity before filing their Income Tax Return. It is especially useful for:

1️⃣ Salaried Employees: Professionals earning salary income who want to compare the ₹75,000 standard deduction benefit under the New Regime versus claiming deductions like HRA, 80C, and home loan interest under the Old Regime.

2️⃣ Freelancers and Self-Employed Professionals: Individuals with professional income who need to evaluate whether opting into Section 115BAC (New Regime) makes sense for their deduction profile.

3️⃣ Investors with Capital Gains: Taxpayers earning LTCG or STCG who want to factor in revised 12.5% / 20% capital gains rates while comparing regimes.

4️⃣ Senior Citizens: Those wanting to check rebate eligibility under Section 87A and evaluate slab differences before choosing a regime.

If you are unsure which tax regime saves you more — this calculator gives you a precise answer in seconds.

Can salaried employees switch between Old and New Tax Regime every year?

Yes. Salaried individuals can choose between the Old and New Tax Regime every financial year while filing their Income Tax Return. This flexibility allows you to reassess which regime is more beneficial based on your deductions and income changes.

Please go through the important FAQs below: