Indian Income Tax Calculator: Navigating FY 2026-27
Filing taxes in India requires a strategic choice between the Old Tax Regime, which rewards investments with deductions, and the New Tax Regime, which offers lower tax rates but strips away most exemptions. The RapidCalc Income Tax Calculator processes the latest FY 2026-27 provisions to help you optimize your take-home salary.
Key Updates for FY 2026-27
- Standard Deduction: The standard deduction for salaried individuals is now ₹75,000 under the New Regime, while it remains ₹50,000 under the Old Regime.
- Section 87A Rebate: Under the New Regime, incomes up to ₹12 Lakhs are completely tax-free due to the enhanced rebate limit. The Old Regime rebate remains capped at ₹5 Lakhs.
- Marginal Relief: For individuals earning slightly above the ₹12 Lakh threshold in the New Regime, marginal relief ensures that your tax liability does not exceed the actual income earned above the threshold.
Automated HRA & Deduction Processing
Calculating House Rent Allowance (HRA) exemption manually is notoriously complex, requiring the lowest of three distinct metrics (Actual HRA, Rent minus 10% of Basic, or 40/50% of Basic depending on city type). This calculator automatically parses your inputs against Section 10(13A) rules to pinpoint your exact exempt amount for the Old Regime. It also seamlessly aggregates Section 80C (capped at ₹1.5L), 80D, NPS, and Home Loan interest deductions.
Zero-Latency & 100% Data Privacy
Financial data is highly sensitive. This calculator is built on a secure client-side architecture. Every calculation, rebate check, and surcharge addition happens entirely within your browser using JavaScript. We never transmit your raw CTC breakdown, rent details, or investment data to our servers, guaranteeing enterprise-grade privacy.