India income tax and salary calculators for 2026-27

What changed this year

The Income-tax Act 2025 replaced the Income-tax Act 1961 on 1 April 2026. It renumbers the sections, so the new regime is now section 202 and the rebate section 156, and it calls the year from 1 April 2026 to 31 March 2027 tax year 2026-27, with no assessment year. The rates came across unchanged.

Budget 2026 left the slabs alone. The Memorandum to the Finance Bill 2026 states that no change is proposed in tax rates, and the Finance Act 2026 kept the old regime table, the surcharge bands and the 4% cess as they were.

In the new regime the section 156 rebate of up to ₹60,000 clears the tax on taxable income up to ₹12,00,000. Add the ₹75,000 standard deduction and a salary of up to ₹12,75,000 pays no income tax, while marginal relief holds the tax just above that line to the income over ₹12,00,000.

The HRA exemption at 50% of basic pay now covers eight cities under Rule 279 of the Income-tax Rules 2026: Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru. Rent paid anywhere else is measured against 40% of basic pay, and the exemption lowers tax in the old regime only.

The pack is checked against the Union Budget each February and the Finance Act that follows it, whose changes usually take effect on 1 April. The next review is due by 1 February 2027.

Choosing a tool

Which India tool answers your question

The two salary calculators read one rates file, so the same salary gets the same tax in each. They differ in where they start and in the figure they put first.

Income tax calculator. It starts from the gross salary for the year and puts the tax of each regime on its own card, with the cess, the rebate and any surcharge laid out in a table under the method. Old regime deductions such as section 123 (80C), section 126 (80D), HRA and home loan interest can be added under More options.

Salary calculator. It starts from the cost to company, takes off what the employer pays into EPF, EPS, EDLI and admin charges to reach the gross salary, then shows the in hand pay a month after employee EPF and income tax.

HRA calculator. It applies the three limits of Rule 279 to basic pay plus DA, the HRA received and the rent, with the higher limit for the eight named cities, and shows the exempt and taxable HRA. The exemption counts in the old regime only.

EMI calculator. It gives the monthly EMI, the interest and a schedule for a home, car or personal loan, and shows what a part prepayment each month saves.

SIP calculator and PPF calculator. The SIP tool grows a monthly investment with a yearly step up at a return you assume, an illustration and not a forecast. The PPF tool works out the balance after 15 years at the rate India Post shows.

GST calculator. It adds GST to a taxable value or takes it out of an invoice total at the Indian rates, and shows the CGST and SGST halves or the IGST.

Old vs new tax regime guide for 2026-27. It works the two slab tables by hand at 12.75 lakh, 15 lakh and 20 lakh and shows how much the old regime deductions must add up to before its tax is the lower one.

The tools cover a resident individual paid a salary by one employer. Professional tax differs from state to state, so it is typed in from a payslip rather than looked up.

Figures are in Indian rupees (INR) and cover a full tax year at a steady salary. Monthly TDS spreads the tax over the year, so one payslip can differ from the average shown here.