New Tax Regime Income Tax Calculator (FY 2026-27)
Calculate income tax under New Tax Regime slabs with standard deduction and employer NPS exemptions.
Yearly NPS Contribution: ₹0 (Max 14% of basic)
PF, gratuity & professional tax (yearly)
These come out of your pay, so they lower your in-hand amount. Your own PF and professional tax give no tax deduction in the new regime (no Section 80C, no professional tax deduction). Employer PF up to 12% of basic and gratuity are part of CTC but are never taxed as salary, so they are removed before tax is worked out. Defaults: PF 12% of basic, gratuity 4.81% of basic.
Zero Tax (Sec 87A)
Zero Tax on taxable income up to ₹12 Lakhs (₹12.75L with Std. Deduction).
After income tax, employee PF, professional tax, and the employer PF, gratuity and NPS that are part of CTC but not paid to you.
In-Hand = CTC − employer PF − gratuity − employer NPS − employee PF − professional tax − income tax.
New Regime Tax Calculation Summary
Slab-wise Tax Breakdown
CTC & Take-Home Salary Distribution
Visual distribution of annual CTC across in-hand salary, income tax, and PF, gratuity, NPS and professional tax.
Important Notes:
- Basic Salary is calculated as 50% of CTC.
- Standard Deduction of ₹75,000 is available for salaried individuals.
- Monthly Employer NPS contribution under Section 80CCD(2) is limited to 14% of monthly basic salary under the new regime.
- Tax rebate of ₹60,000 is available for income up to ₹12L (after standard deduction). Marginal relief applies just above ₹12L.
- Surcharge: 10% (income >₹50L), 15% (>₹1Cr), 25% (>₹2Cr) — capped at 25% under new regime. Marginal relief is applied at each threshold.
- Health & Education cess of 4% will be added to the calculated tax.
- Due date for filing return is 31st July 2027 (non-audit cases).
- No changes in tax slabs from FY 2025-26 as per Budget 2026.
Tax Slabs for FY 2026-27 (No Change from FY 2025-26)
| Income Range | Tax Rate | Notes |
|---|---|---|
| Up to ₹4,00,000 | Nil (0%) | Tax exempt income |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 max in this slab |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹40,000 max in this slab |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹60,000 max in this slab |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹80,000 max in this slab |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹1,00,000 max in this slab |
| Above ₹24,00,000 | 30% | No upper limit |
About New Tax Regime Calculator
The New Tax Regime Calculator for FY 2026-27 helps you estimate your income tax liability under the new tax regime. It takes into account your gross income, standard deduction, and employer NPS contributions to calculate your tax liability. As per Budget 2026, there are no changes to the tax slabs - they remain the same as FY 2025-26.
How it Works
The calculator uses the following parameters to compute your tax liability:
- Gross Annual Income: Your total income for the financial year
- Standard Deduction: Fixed deduction of ₹75,000 for salaried individuals
- NPS Deduction: Employer contribution to NPS under Section 80CCD(2) (up to 14% of basic salary)
- Tax Rebate: Available under Section 87A for taxable income up to ₹12,00,000 (up to ₹60,000 full rebate)
Key Features
- Automatic calculation of Basic Salary (50% of CTC)
- Monthly and annual tax breakup
- Slab-wise tax calculation
- 4% Health & Education cess computation
- Section 87A zero tax up to ₹12 Lakhs and marginal relief calculation
- NPS contribution validation (up to 14% of basic)
References & Authority Sources
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