Free tool

Income Tax Calculator - New vs Old Regime

Enter your annual salary income and deductions to compare tax under the new and old regimes for FY 2026-27 and see which one leaves you with more in hand.

Gross annual income (₹)

Age

Salaried (standard deduction)

Old regime deductions

80C (max ₹1.5L)

80D health insurance (max ₹1L)

HRA exemption (₹)

Home loan interest 24(b) (max ₹2L)

NPS 80CCD(1B) (max ₹50k)

Other deductions (₹)

	New regime	Old regime
Taxable income	--	--
Tax on slabs	--	--
After rebate 87A	--	--
Surcharge	--	--
Health & education cess (4%)	--	--
Total tax	--	--
Per month	--	--

This is an estimate for resident individuals. Surcharge is applied without marginal relief, and income other than salary, capital gains and TDS adjustments are not modelled. Verify with the Income Tax Department or a chartered accountant before filing.

New regime slabs for FY 2026-27

Up to ₹4,00,000: 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%. Salaried taxpayers get a ₹75,000 standard deduction, and under Section 87A a rebate makes tax nil for taxable income up to ₹12 lakh, with marginal relief just above it.

Old regime

For those below 60: nil up to ₹2.5 lakh, 5% up to ₹5 lakh, 20% up to ₹10 lakh and 30% above. A ₹50,000 standard deduction applies to salaried taxpayers, along with deductions like 80C, 80D, HRA and home loan interest. The 87A rebate applies for taxable income up to ₹5 lakh.

Which regime should you choose?

The new regime usually wins unless you claim large deductions such as HRA, home loan interest and full 80C. Enter your real numbers above to compare directly.

Frequently asked questions

Which tax regime is better for FY 2026-27?

It depends on your deductions. With few deductions the new regime is usually cheaper; with large deductions (HRA, home loan interest, 80C, 80D) the old regime can win. This calculator compares both for your numbers.

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

Under the new regime, taxable income up to ₹12 lakh has nil tax after the Section 87A rebate. For salaried taxpayers that corresponds to about ₹12.75 lakh of gross salary after the ₹75,000 standard deduction.

Does this include surcharge and cess?

Yes. 4% health and education cess is included, and surcharge is applied for income above ₹50 lakh, without marginal relief.

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