New Tax Regime Income Tax Calculator (FY 2026-27)

Calculate income tax under New Tax Regime slabs with standard deduction and employer NPS exemptions.

Quick CTC Presets:
₹
₹0₹3.00 Cr
Standard Deduction: ₹75,000
Auto-Applied
₹

Yearly NPS Contribution: ₹0 (Max 14% of basic)

₹0₹10,000
Basic Salary (50% of CTC):₹0 / yr (₹0 / mo)
FY 2026-27 NEW TAX REGIMEZero Tax (Sec 87A)
Total Income Tax Payable
₹0 (Zero Tax)
Aarav celebrating

Zero Tax (Sec 87A)

Zero Tax on taxable income up to ₹12 Lakhs (₹12.75L with Std. Deduction).

Take-Home (Monthly, after tax)
₹83,333/ month

CTC less income tax. Your actual bank credit will be lower after employee PF and professional tax — the salary calculator models those.

In-Hand Salary (Yearly)₹10.00 L
Taxable Income₹0
Standard Deduction₹75,000
Employer NPS Deduction (Sec 80CCD-2)₹0

In-Hand = CTC − Employer NPS − Tax. Excludes PF and other employer-deducted components.

New Regime Tax Calculation Summary

Gross Annual Income:₹10,00,000
Basic Salary (50% of CTC):
₹0 / yr
₹0 / mo
Standard Deduction:−₹75,000
Employer NPS Deduction (Sec 80CCD-2):
−₹0 / yr
₹0 / mo
Taxable Income:₹0
Section 87A Tax Rebate:100% Rebate (−₹60,000)
Total Income Tax Payable:₹0
Monthly Income Tax (TDS):₹0
Monthly Take-Home (after tax):₹83,333

Slab-wise Tax Breakdown

Section 87A rebate applies up to ₹60,000 on taxable income up to ₹12 Lakhs, making effective tax ₹0.

CTC & Take-Home Salary Distribution

Visual distribution of Gross CTC across In-Hand Take-Home Salary, Total Tax, and Deductions/NPS.

In-Hand Salary (100.0%)Total Income Tax (0.0%)Deductions & NPS (7.5%)
In-Hand Salary100.0% of Gross CTC
₹10.00 L
Total Income Tax0.00% Effective Tax Rate
₹0
Deductions & NPS7.5% of Gross CTC
₹75,000
Direct Tax Code

The New Tax Regime Architecture: Simplified Slabs and Zero-Deduction Efficiency

The default tax framework (Section 115BAC) replaces legacy exemption paper-trails with widened lower-rate tax brackets. By eliminating the necessity to lock savings into 5-year insurance or ELSS instruments, it provides taxpayers with unconstrained monthly disposable liquidity.

Official Slab Schedule (FY 2026-27 / AY 2027-28)
₹0 – ₹3,00,000 NIL (0%)
₹3,00,001 – ₹7,00,000 5% (Rebate Eligible)
₹7,00,001 – ₹10,00,000 10%
₹10,00,001 – ₹12,00,000 15%
₹12,00,001 – ₹15,00,000 20%
Above ₹15,00,000 30%
Standard Deduction ₹75,000 (Salaried / Pensioners)
Statutory Guidance

New Tax Regime (FY 2026-27) FAQs

Authoritative statutory tax answers on the default tax regime.

What deductions can still be claimed under the New Tax Regime?

The New Regime permits: (1) Standard Deduction of ₹75,000 for salaried employees and pensioners, (2) Employer NPS contribution under Section 80CCD(2) up to 14% of salary, (3) Transport allowance for disabled individuals, and (4) Voluntary retirement scheme (VRS) exemptions.

Can a salaried taxpayer switch back to the Old Tax Regime in future years?

Yes. Salaried individuals with no business or professional earnings can freely choose between the Old and New regimes each financial year when filing their annual ITR on or before the due date.

How does Marginal Relief protect incomes marginally above ₹7 Lakhs?

If your net taxable income exceeds ₹7,00,000 by a small amount (e.g. ₹7,05,000), marginal relief ensures the additional tax levied does not exceed the extra income earned over ₹7 Lakhs.

What is the Health & Education Cess rate applied on computed income tax?

A statutory 4% Health & Education Cess is levied on the total amount of income tax plus applicable surcharges across all income brackets.