What is the income tax for a salary of Rs. 10 LPA in FY 2026-27?

Under the new regime, Rs. 10 LPA gross salary results in Rs. 9.25L taxable income after the Rs. 75,000 standard deduction. The tax on Rs. 9.25L is Rs. 42,500 before cess. However, since taxable income is below Rs. 12L, Section 87A rebate eliminates the entire tax -- resulting in zero income tax.

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

The new tax regime for FY 2026-27 has slabs: 0% up to Rs. 4L, 5% from Rs. 4L to Rs. 8L, 10% from Rs. 8L to Rs. 12L, 15% from Rs. 12L to Rs. 16L, 20% from Rs. 16L to Rs. 20L, 25% from Rs. 20L to Rs. 24L, and 30% above Rs. 24L. A standard deduction of Rs. 75,000 applies, and Section 87A rebate eliminates tax for taxable incomes up to Rs. 12L.

Is income up to Rs. 12.75 lakh tax-free in FY 2026-27?

Yes. Under the new regime, the Rs. 75,000 standard deduction reduces a Rs. 12.75L gross income to exactly Rs. 12L taxable income. Section 87A rebate then makes the entire tax liability zero.

How much income tax on 15 LPA in FY 2026-27?

On Rs. 15 LPA gross income under the new regime for FY 2026-27, income tax is approximately Rs. 21,300 plus Rs. 852 cess, totalling around Rs. 22,152 per year. After the Rs. 75,000 standard deduction, taxable income is Rs. 14.25 lakh. The 87A rebate does not apply since taxable income exceeds Rs. 12 lakh.

How much income tax on 20 LPA in FY 2026-27?

On Rs. 20 LPA gross income under the new regime for FY 2026-27, income tax is approximately Rs. 55,000 plus Rs. 2,200 cess, totalling around Rs. 57,200 per year. After the Rs. 75,000 standard deduction, taxable income is Rs. 19.25 lakh.

Which tax regime is better for salaried employees in 2026?

For most salaried employees earning up to Rs. 15 LPA with standard deductions only, the new regime saves more tax. The old regime becomes better when total deductions (80C + HRA + home loan interest + 80D) exceed approximately Rs. 3.75 lakh at the Rs. 15 LPA level. Use the calculator to compare your exact numbers.

Income Tax Calculator India FY 2026-27

Income Tax Calculator FY 2026-27 -- New vs Old Regime

Calculate your exact income tax for FY 2026-27. Zero tax up to Rs. 12.75 LPA under the new regime. Compare new vs old regime side by side with slab-wise breakdown, 87A rebate, and cess.

Zero tax up to Rs. 12.75 LPAFY 2026-27 Updated87A Rebate Applied4% Cess IncludedFree, no login

Your Income Details

Annual Gross Income

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Tax Regime

Old Regime Deductions

Standard Deduction

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80C (Max Rs. 1.5L)

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80D Health Insurance (Max Rs. 75K)

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NPS 80CCD(1B) (Max Rs. 50K)

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Home Loan Interest 24B (Max Rs. 2L)

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HRA Exemption Claimed

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Annual Income Tax (Selected Regime)

Cess: -- | Effective Rate: --

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Gross Income

Taxable Income

Tax Before Cess

Monthly TDS

Slab-wise Tax Breakdown

New Regime

Income Slab	Rate	Taxable Amount	Tax
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New Regime vs Old Regime

Your numbers, side by side

New Tax Regime

Default

Standard DeductionRs. 75,000

Taxable Income--

Income Tax--

Cess (4%)--

Total Tax--

Old Tax Regime

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Deductions Applied (Old Regime)

New Tax Regime Slabs FY 2026-27

The new tax regime is the default for FY 2026-27. It has lower slab rates but allows fewer deductions -- only the Rs. 75,000 standard deduction applies automatically.

Income Slab	Tax Rate	Tax on Slab
Up to Rs. 4 Lakh	0%	Nil
Rs. 4L to Rs. 8L	5%	Up to Rs. 20,000
Rs. 8L to Rs. 12L	10%	Up to Rs. 40,000
Rs. 12L to Rs. 16L	15%	Up to Rs. 60,000
Rs. 16L to Rs. 20L	20%	Up to Rs. 80,000
Rs. 20L to Rs. 24L	25%	Up to Rs. 1,00,000
Above Rs. 24L	30%	30% of amount above Rs. 24L

Section 87A rebate eliminates tax entirely for taxable incomes up to Rs. 12 Lakh. After adding the Rs. 75,000 standard deduction, this means zero tax up to a gross income of Rs. 12.75 Lakh.

Old Tax Regime Slabs FY 2026-27

The old regime allows deductions under 80C, 80D, HRA, home loan interest, and NPS. It is better when your total deductions are large enough to reduce taxable income significantly.

Income Slab	Tax Rate
Up to Rs. 2.5 Lakh	0%
Rs. 2.5L to Rs. 5L	5%
Rs. 5L to Rs. 10L	20%
Above Rs. 10L	30%

87A rebate of Rs. 12,500 applies if taxable income is below Rs. 5 Lakh under the old regime.

Income Tax by Salary Level FY 2026-27 (New Regime)

Quick reference for how much income tax you pay at common salary levels under the new tax regime. All figures assume the Rs. 75,000 standard deduction and 4% cess included.

Annual Salary (CTC approx.)	Taxable Income	Annual Tax	Monthly Tax (TDS)
Rs. 5 LPA	Rs. 4.25L	Rs. 0	Rs. 0
Rs. 7 LPA	Rs. 6.25L	Rs. 0	Rs. 0
Rs. 10 LPA	Rs. 9.25L	Rs. 0	Rs. 0
Rs. 12 LPA	Rs. 11.25L	Rs. 0	Rs. 0
Rs. 12.75 LPA	Rs. 12.00L	Rs. 0 (87A limit)	Rs. 0
Rs. 15 LPA	Rs. 14.25L	~Rs. 22,152	~Rs. 1,846
Rs. 18 LPA	Rs. 17.25L	~Rs. 37,752	~Rs. 3,146
Rs. 20 LPA	Rs. 19.25L	~Rs. 57,200	~Rs. 4,767
Rs. 25 LPA	Rs. 24.25L	~Rs. 1,02,960	~Rs. 8,580
Rs. 30 LPA	Rs. 29.25L	~Rs. 1,57,560	~Rs. 13,130
Rs. 40 LPA	Rs. 39.25L	~Rs. 2,82,360	~Rs. 23,530
Rs. 50 LPA	Rs. 49.25L	~Rs. 4,12,360	~Rs. 34,363

New regime only. Gross income assumed equal to salary. Actual taxable income may differ based on PF, HRA, and other components. Use the calculator above for your exact figure.

New vs Old Regime: When to Switch

Situation	Better Choice
Income below Rs. 12.75L, no major deductions	New Regime (zero tax)
Income Rs. 12.75L to Rs. 15L, minimal investments	New Regime
Income Rs. 15L+ with 80C maxed, HRA claimed, home loan	Old Regime likely better
Income above Rs. 25L with full deductions	Compare both -- depends on deduction total

Frequently Asked Questions

Zero. Under the new regime, Rs. 10L gross minus Rs. 75,000 standard deduction gives Rs. 9.25L taxable income. Since this is below Rs. 12L, the Section 87A rebate eliminates the entire tax. You pay zero income tax on Rs. 10 LPA under the new regime.

On Rs. 15 LPA under the new regime, taxable income after Rs. 75,000 standard deduction is Rs. 14.25L. Tax on Rs. 14.25L is approximately Rs. 21,300 plus 4% cess of Rs. 852, totalling around Rs. 22,152 per year or Rs. 1,846 per month in TDS. The 87A rebate does not apply since taxable income exceeds Rs. 12L.

On Rs. 20 LPA under the new regime, taxable income after Rs. 75,000 standard deduction is Rs. 19.25L. Total tax including 4% cess is approximately Rs. 57,200 per year or about Rs. 4,767 per month in TDS. Use the calculator above to see your exact slab-wise breakdown.

Yes. Rs. 75,000 standard deduction brings Rs. 12.75L gross down to exactly Rs. 12L taxable income. Section 87A rebate then eliminates 100% of the tax liability. You pay zero income tax. This is the most important tax change for salaried employees in FY 2026-27.

For most salaried employees earning below Rs. 15 LPA with no significant investments, the new regime is better since it results in zero or very low tax. The old regime works better when your total deductions (80C + HRA + home loan interest + 80D) exceed roughly Rs. 3.75 lakh at the Rs. 15 LPA bracket. Use the regime comparison in the calculator above to check your exact situation.

Cess is charged on the income tax amount -- not on your income. If your income tax is Rs. 50,000, cess adds Rs. 2,000 (4%), making total tax Rs. 52,000. If 87A rebate makes your tax zero, cess is also zero.

Salaried employees can switch regime every financial year. You declare your choice to your employer at the start of the year for TDS purposes, but can revise when filing your ITR. Business owners face more restrictions on switching back to the old regime once they have opted out.

The new regime allows very few deductions: the Rs. 75,000 standard deduction for salaried employees, employer NPS contribution under 80CCD(2), and a few others. It does not allow 80C investments, 80D health insurance, HRA exemption, home loan interest deduction, or most common tax-saving instruments.

At Rs. 10 LPA you save zero vs zero -- both regimes result in no tax below Rs. 12.75L if your deductions are minimal. At Rs. 15 LPA with only the standard deduction, the new regime saves approximately Rs. 10,000 to Rs. 15,000 per year over the old regime. At Rs. 20 LPA the new regime often saves more unless you have Rs. 3L or more in deductions. Use the calculator to compare your exact numbers.