ArthaSiddhi
Income Tax Calculator
Calculate tax on supported ordinary taxable income under the selected regime for Tax Year 2026–27.
Inputs and assumptions
Tax Year 2026–27 (FY 2026–27)
Enter the amount after applicable deductions and exemptions. This calculator does not determine them. Income above ₹50,00,000 is outside scope because surcharge is not supported.
Estimated income tax
Values are rounded only when shown on this page.
Applicable period
Tax Year 2026–27 (FY 2026–27)
Regime
New regime
Taxable income
₹12,00,000.00
Tax before relief
₹60,000.00
Resident-individual rebate
₹60,000.00
New-regime marginal relief
₹0.00
Tax after relief
₹0.00
Health & Education Cess
₹0.00
Estimated total income tax
₹0.00
Effective tax rate
0%
On taxable income of ₹12,00,000.00 under the new regime, estimated total tax including cess is ₹0.00.
Slab-by-slab calculation
| Slab | Rate | Income in slab | Tax |
|---|---|---|---|
| ₹0.00 to ₹4,00,000.00 | 0% | ₹4,00,000.00 | ₹0.00 |
| ₹4,00,000.00 to ₹8,00,000.00 | 5% | ₹4,00,000.00 | ₹20,000.00 |
| ₹8,00,000.00 to ₹12,00,000.00 | 10% | ₹4,00,000.00 | ₹40,000.00 |
| ₹12,00,000.00 to ₹16,00,000.00 | 15% | ₹0.00 | ₹0.00 |
| ₹16,00,000.00 to ₹20,00,000.00 | 20% | ₹0.00 | ₹0.00 |
| ₹20,00,000.00 to ₹24,00,000.00 | 25% | ₹0.00 | ₹0.00 |
| ₹24,00,000.00 to above | 30% | ₹0.00 | ₹0.00 |
Rules & assumptions
- Rule period
- Tax Year 2026–27 (FY 2026–27)
- Last verified
- 2026-08-23
Official sources
- Finance Act, 2026Ministry of Law and Justice, Government of India
- Income-tax Act, 2025 — section 202: new tax regimeIncome Tax Department
- Income-tax Act, 2025 — section 156: resident-individual rebate and marginal reliefIncome Tax Department
- Budget 2026 FAQs — slabs, rebate, marginal relief and special-rate incomeIncome Tax Department
- Memorandum explaining the provisions of the Finance Bill, 2026Ministry of Finance
Based on the cited official material; verify current rules before making an actual decision.
How tax is applied across the slabs
Tax is calculated progressively across the applicable slabs, followed by the eligible resident-individual rebate or marginal relief and then 4% Health & Education Cess.
Important limitations
- This calculator covers ordinary slab-rate taxable income of a resident individual.
- Applicable deductions and exemptions must already be reflected in the entered taxable income.
- Special-rate income, agricultural-income aggregation, surcharge, treaty relief, salary-arrears relief, AMT, and return-filing liability are not supported.
- Displayed arithmetic does not reproduce every statutory filing or payment rounding rule.
- Results are educational estimates; official Income Tax Department rules prevail.
Read the Financial Disclaimer.
Guides for this calculator
Main guide
New Tax Regime Slabs: How Income Tax Is Calculated
New Tax Regime slab calculation for Tax Year 2026–27, including progressive rates, resident-individual relief, cess and calculator limits.
Related guide
Resident-Individual Tax Rebate Explained for Tax Year 2026–27
How the Tax Year 2026–27 resident-individual rebate, ₹60,000 cap and marginal relief work for supported new-regime ordinary income.
Related guide
Gross Income vs Taxable Income: What Goes Into a Tax Calculator
Why gross salary, gross income and the taxable ordinary income expected by a tax calculator are not interchangeable figures.