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Income Tax · Calculator

Income Tax Calculator

AY 2026-27 · New regime · Includes standard deduction, rebate, surcharge and cess.

Your income

AY 2026-27 · New tax regime · All amounts in ₹

Assumptions

  • New regime (default from FY 2023-24)
  • Standard deduction of ₹75,000 applied if salary > 0
  • Sec 87A rebate up to ₹60,000 if taxable ≤ ₹12 lakh
  • Health & Education Cess at 4%
  • Individual, age < 60

Your tax

Gross total income
₹12,00,000
Standard deduction
− ₹75,000
Taxable income
₹11,25,000
Tax before rebate
₹52,500
Sec 87A rebate
− ₹52,500
Tax after rebate
₹0
Surcharge
₹0
Health & Edu Cess (4%)
₹0
Total tax payable
₹0

Monthly TDS (≈)

₹0

Effective rate

0.00%

Slab breakdown
  • ₹0 – ₹4,00,000 @ 0%0
  • ₹4,00,000 – ₹8,00,000 @ 5%20,000
  • ₹8,00,000 – ₹12,00,000 @ 10%32,500

Educational calculator. Does not constitute tax advice. Verify with a qualified CA before filing. Surcharge/cess rules may change with future Finance Acts.