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Indian Finance 🇮🇳

Tax Slab Visualizer — Calculations & Slabs for FY 2026-27

Visualise the exact income tax you owe under both regimes -- old and new -- with a side-by-side slab breakdown and rebate calculation for FY 2025-26.

1. Income Profile

Frequently Asked Questions (FAQ)

What is the new tax regime slab structure for FY 2026-27?

Under the New Tax Regime, the slabs are: Up to ₹4L: 0%, ₹4L-₹8L: 5%, ₹8L-₹12L: 10%, ₹12L-₹16L: 15%, ₹16L-₹20L: 20%, ₹20L-₹24L: 25%, and Above ₹24L: 30%.

How does the Section 87A rebate work in the New Tax Regime?

In the New Tax Regime, if your taxable income (after standard deduction) is up to ₹12 Lakhs, you receive a full tax rebate under Section 87A, making your net tax payable ₹0. If your taxable income slightly exceeds ₹12 Lakhs, marginal relief applies to cap your tax liability at the excess income over ₹12 Lakhs.

What is the standard deduction and who gets it?

Standard deduction is a flat deduction subtracted from your gross salary income before tax calculations. In the New Regime (FY 2026-27), it is ₹75,000 for salaried employees and pensioners. Under the Old Regime, it is capped at ₹50,000.

What is the difference between Effective and Marginal tax rates?

Your marginal tax rate is the tax rate applied to the last rupee of your income (your highest slab, e.g., 30%). Your effective tax rate is the actual percentage of your total income paid as tax (Total Tax divided by Gross Income), which is always much lower than your marginal rate.

Where can I verify the source data for this calculator?

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.

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About This Calculator

Target Audience: Salaried taxpayers, investors & retirees planning Indian tax & wealth growth

💡 What Does This Calculator Do?

This visualizer shows exactly how your annual salary is split across different tax brackets and calculates your total tax, effective tax rate, and marginal tax rate under both the New Tax Regime (FY 2026-27) and the Old Tax Regime.

📋 How to Use It

  1. 1
    Annual Income (₹): Enter your gross yearly income.
  2. 2
    Regime: Select either the New Tax Regime (2026-27) or the Old Tax Regime.
  3. 3
    Is Salaried: Select "Yes" to automatically apply the ₹75,000 standard deduction (New Regime) or ₹50,000 (Old Regime).

🧬 The Logic Explained Simply

  • The Concept: India uses a progressive tax slab system. This means your entire income is not taxed at a single rate; instead, different parts (slabs) of your income are taxed at progressively higher rates. This tool breaks down your income into individual slabs to show exactly where every rupee of tax comes from.
  • The Formula:
  • Slabs under New Regime 2026-27:
  • Up to ₹4 Lakhs: 0%
  • ₹4L to ₹8 Lakhs: 5%
  • ₹8L to ₹12 Lakhs: 10%
  • ₹12L to ₹16 Lakhs: 15%
  • ₹16L to ₹20 Lakhs: 20%
  • ₹20L to ₹24 Lakhs: 25%
  • Above ₹24 Lakhs: 30%
  • Standard deduction of ₹75,000 is subtracted from gross income for salaried individuals.
  • Health & Education Cess of 4% is added to the computed tax.

💡 Real-World Calculation Breakdown

For example, you are a salaried employee earning ₹12,00,000 annually and choose the New Tax Regime (2026-27):

  • Standard Deduction = ₹75,000
  • Taxable Income = ₹12,00,000 - ₹75,000 = ₹11,25,000
  • Tax Breakdown by Slab:
  • Slab 1 (0 to 4L): 0% of ₹4,00,000 = ₹0
  • Slab 2 (4L to 8L): 5% of ₹4,00,000 = ₹20,000
  • Slab 3 (8L to 11.25L): 10% of ₹3,25,000 = ₹32,500
  • Total Base Tax = ₹20,000 + ₹32,500 = ₹52,500
  • Health & Education Cess (4%) = ₹52,500 × 4% = ₹2,100
  • Total Annual Tax = ₹52,500 + ₹2,100 = ₹54,600
  • Effective Tax Rate = (₹54,600 / ₹12,00,000) × 100 = 4.55%

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