How to use: Income tax calculator (old vs new regime)
- 1Enter your yearly gross salary and any other income such as interest or rent.
- 2Choose your age group and leave "I'm salaried" ticked if you get a salary.
- 3Fill in old-regime deductions you actually have, such as 80C, 80D and home loan interest.
- 4Compare the two columns; the green banner shows which regime costs less and by how much.
New regime slabs (tax year 2026-27)
| Taxable income | Rate |
|---|---|
| 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% |
Standard deduction ₹75,000 for salaried people. Rebate under section 87A up to ₹60,000 when taxable income is ₹12 lakh or less. Most deductions (80C, 80D, HRA, home loan interest) are not allowed; employer NPS contribution (80CCD(2)) is.
Old regime slabs (below 60)
| Taxable income | Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5 – 5 lakh | 5% |
| ₹5 – 10 lakh | 20% |
| Above ₹10 lakh | 30% |
The nil slab rises to ₹3 lakh for ages 60–80 and ₹5 lakh above 80. Standard deduction ₹50,000. Rebate up to ₹12,500 when taxable income is ₹5 lakh or less.
Surcharge and cess
Surcharge applies above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%) and ₹5 crore (37%, old regime only; the new regime caps it at 25%), with marginal relief at each step. A 4% health and education cess applies to tax plus surcharge. The final amount is rounded to the nearest ₹10.
This calculator gives an estimate for planning. Your actual liability depends on your full income and documents; consult a tax professional for filing.
Frequently asked questions
Did Budget 2026 change the tax slabs?
No. Budget 2026 kept the slabs, the 87A rebate, standard deduction, surcharge and cess the same as FY 2025-26. Tax year 2026-27 is also the first year under the new Income-tax Act, 2025, which kept these rates.
Up to what income is there no tax in the new regime?
A salaried person pays no tax up to ₹12.75 lakh. The ₹75,000 standard deduction brings taxable income to ₹12 lakh, and the 87A rebate cancels tax on taxable income up to ₹12 lakh.
What happens just above ₹12 lakh?
Marginal relief applies. The tax you pay can't be more than the amount by which your taxable income exceeds ₹12 lakh, so earning ₹10,000 more never costs more than ₹10,000 in tax.
Which regime should I choose?
The new regime is usually cheaper unless you have large deductions, roughly ₹4 lakh or more in total from 80C, 80D, HRA and home loan interest. Enter your real numbers; the calculator does the comparison for you.
Does this cover capital gains?
No. Capital gains on shares, mutual funds and property have special rates and are not included. This calculator covers salary and other normal-rate income for resident individuals.