Tax obligation in AY 2026-27

The taxability for AY 2026-27 is set on the basis of the following: Residential status, Income, Source of income (salary, business, capital gains, etc.), Deductions/exemptions, and choosing between Old Tax Regime and New Tax Regime.

The following information will enable members to make an accurate tax calculation:

Age
Residential status (Resident/NRI)
Total income for FY 2025-26
Allocation of income, whether it's from salary, a business, business income, capital gains, interest, etc.
TDS already deducted
Whether you wish to opt for the old or new tax regime

The tax slabs in the new regime, for AY 2026-27, are the same as those that are applicable for AY 2025-26, despite the implementation of the new Income Tax Act, 2025.