Skip to content

Income Tax Calculator

Compare your income tax under the New and Old regimes for FY 2026-27 (and FY 2025-26), see the slab-wise breakup and find the regime that leaves more money in your pocket.

Rules last reviewed: September 2026

Disclaimer: Results are estimates for informational purposes only and are not professional financial, tax or legal advice. Rules change — please verify with official sources or a qualified professional before making decisions.

New vs Old regime: what is the difference?

Salaried individuals in India can pay tax under two regimes. The New regime (the default) has lower slab rates and a higher standard deduction of ₹75,000, but allows very few deductions. The Old regime has higher rates but lets you claim 80C, 80D, HRA, home-loan interest and other deductions, with a standard deduction of ₹50,000.

Tax slabs for FY 2026-27

New regime slabRate
Up to ₹4 LakhNil
₹4 Lakh – ₹8 Lakh5%
₹8 Lakh – ₹12 Lakh10%
₹12 Lakh – ₹16 Lakh15%
₹16 Lakh – ₹20 Lakh20%
₹20 Lakh – ₹24 Lakh25%
Above ₹24 Lakh30%
Old regime slab (below 60)Rate
Up to ₹2.5 LakhNil
₹2.5 Lakh – ₹5 Lakh5%
₹5 Lakh – ₹10 Lakh20%
Above ₹10 Lakh30%
  • Rebate u/s 87A: New regime taxable income up to ₹12 Lakh pays no tax (rebate up to ₹60,000); Old regime up to ₹5 Lakh.
  • Cess: 4% on tax plus surcharge. Surcharge applies above ₹50 Lakh of income.

Union Budget 2026 kept the slabs, rebate, surcharge and cess unchanged.

Worked example: ₹15 lakh salary

Worked example

Same salary, different regimes

New regime tax
₹97,500
Old regime, no deductions
₹2,57,400
Old regime, with 80C, 80D, NPS and home-loan interest
₹1,24,800

Even with all of these deductions the New regime is still cheaper here. The Old regime wins only when deductions are larger still — for example when an HRA exemption is added.

Enter your deductions in the calculator's Old regime section and it shows both totals, the better regime and your saving.

Frequently asked questions

Which regime is better for me?

The one that gives lower total tax for your numbers. With few deductions the New regime usually wins; with substantial HRA, home-loan interest, 80C, 80D and NPS claims the Old regime can win. Use the comparison above.

Is income up to ₹12 Lakh really tax-free?

Under the New regime, resident individuals with taxable income up to ₹12 Lakh pay no tax because of the 87A rebate. With the ₹75,000 standard deduction, a salary of ₹12,75,000 is effectively tax-free. Just above the limit, marginal relief applies.

Does age matter in the New regime?

No. New regime slabs are the same for every age. Senior and super-senior citizens get higher exemption limits only under the Old regime.

Can I switch regimes every year?

Salaried taxpayers can choose a regime each year, usually by informing their employer and then filing the return. Taxpayers with business income have more restricted switching rules.

Is the tax shown here the final tax I will pay?

It is an estimate for a salaried individual using the slabs, rebate, surcharge and cess. Capital gains, business income, TDS credits, advance tax and other special cases can change your final liability.