Income Tax Calculator
Calculate your income tax under both the new and old regimes and see which one saves you more. Updated with the slabs, ₹75,000 standard deduction and 87A rebate that apply to FY 2026-27.
New regime: no tax up to ₹12 lakh taxable income (₹12.75 lakh salary after the standard deduction) thanks to the 87A rebate.
Estimate only. Special-rate income such as capital gains is not included. Verify with a tax professional before filing.
Detailed comparison (FY 2026-27)
| New regime | Old regime | |
|---|---|---|
| Gross income | ₹15,00,000 | ₹15,00,000 |
| Standard deduction | ₹75,000 | ₹50,000 |
| Employer NPS 80CCD(2) | ₹0 | ₹0 |
| Other deductions | ₹0 | ₹1,75,000 |
| Taxable income | ₹14,25,000 | ₹12,75,000 |
| Tax on slabs | ₹93,750 | ₹1,95,000 |
| Rebate u/s 87A | ₹0 | ₹0 |
| Surcharge | ₹0 | ₹0 |
| Health & education cess (4%) | ₹3,750 | ₹7,800 |
| Total tax payable | ₹97,500 | ₹2,02,800 |
| Monthly TDS (approx.) | ₹8,125 | ₹16,900 |
How to compare the old and new tax regime
- Choose the financial year and your age group.
- Enter your gross salary and any other income.
- Enter your deductions such as 80C, 80D, HRA and home loan interest. These only apply to the old regime.
- See the tax under each regime, the recommended regime and a line-by-line breakup.
About this calculator
New regime slabs for FY 2025-26 and FY 2026-27: up to ₹4 lakh nil; ₹4–8 lakh 5%; ₹8–12 lakh 10%; ₹12–16 lakh 15%; ₹16–20 lakh 20%; ₹20–24 lakh 25%; above ₹24 lakh 30%. A rebate of up to ₹60,000 under section 87A makes income up to ₹12 lakh tax-free.
Old regime slabs: up to ₹2.5 lakh nil (₹3 lakh for seniors, ₹5 lakh for super seniors); ₹2.5–5 lakh 5%; ₹5–10 lakh 20%; above ₹10 lakh 30%. A 4% health and education cess applies to the tax under both regimes.
Frequently asked questions
Is income up to ₹12 lakh tax-free in the new regime?
Yes. If your taxable income is up to ₹12 lakh, the 87A rebate cancels the tax. Salaried people also get a ₹75,000 standard deduction, so a salary of up to ₹12.75 lakh pays no tax. Marginal relief applies just above ₹12 lakh.
Which is better: old or new tax regime?
The new regime is better for most people unless they claim large deductions. As a rough guide, the old regime wins only if your deductions (80C, 80D, HRA, home loan interest, etc.) are well above ₹4–5 lakh at higher incomes. This calculator shows the exact difference.
Are the tax slabs different for FY 2026-27?
No. Budget 2026 kept the slab rates, standard deduction and rebate the same as FY 2025-26.
Can salaried employees switch regimes every year?
Yes. Salaried individuals without business income can choose either regime every year when filing their return. People with business income can switch back to the old regime only once.
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