💵 Income Tax Calculator 2026-27
Calculate your income tax under both old and new tax regimes. Compare and find which one saves you more.
Tax Computation
| Gross Income | ₹12,00,000 |
|---|---|
| Standard Deduction | ₹75,000 |
| Other Deductions | ₹0 |
| Taxable Income | ₹11,25,000 |
| Tax | ₹0 |
| Cess (4%) | ₹0 |
| Total Tax Payable | ₹0 |
| Effective Tax Rate | 0% |
Understanding the Tax Regimes
The new tax regime offers lower rates but no deductions (except standard deduction of ₹75,000). It's best for people with minimal investments. The old regime allows all deductions (80C, 80D, HRA, home loan interest) but has higher tax rates.