Illustrative tax payable at different annual income levels using the selected calculation assumptions.
| Annual Income | Taxable Income | New Regime | Old Regime | Difference |
|---|---|---|---|---|
| Selected | ₹0 | ₹0 | ₹0 | ₹0 |
FinBrooks Income Tax Calculator helps you estimate individual income tax under the Old and New Tax Regimes using the applicable slab structure for AY 2026–27.
An income tax calculator estimates the tax payable on taxable income after considering the selected tax regime, applicable deductions and slab rates.
Under the AY 2026–27 new regime, income up to ₹4 lakh is taxed at 0%, ₹4–8 lakh at 5%, ₹8–12 lakh at 10%, ₹12–16 lakh at 15%, ₹16–20 lakh at 20%, ₹20–24 lakh at 25%, and income above ₹24 lakh at 30%.
For AY 2026–27, eligible resident individuals under the new tax regime can receive a rebate of up to ₹60,000 where taxable income does not exceed ₹12 lakh, subject to the applicable provisions.
Health & Education Cess is calculated at 4% of the applicable income tax and surcharge, where applicable. This calculator applies the 4% cess in its simplified calculation.
The better regime depends on your income structure, deductions, exemptions and other applicable provisions. This calculator provides an indicative comparison rather than personalised tax advice.