Income Tax Calculator
Old or new regime: which saves me more tax?
Enter your yearly income and, for the old regime, the deductions you can claim. The calculator works out the tax under both regimes for FY 2026-27, including the standard deduction, the rebate that makes income up to ₹12 lakh tax-free in the new regime, and the 4% cess. Above ₹50 lakh it adds the surcharge, with marginal relief; type a larger income in the box if the slider stops short. Treat the result as an estimate and confirm with the Income Tax Department's own calculator or a tax adviser.
80C (up to ₹1.5 lakh), 80D health insurance, HRA exemption, home loan interest and so on. The new regime does not allow these.
Tax, new regime
₹97,500
Indicative only. Your lender’s figures may differ. Nothing you enter here is sent anywhere or stored.
How It's Calculated
New regime: the ₹75,000 standard deduction (salary or pension) comes off first, the rest is taxed slab by slab at 0% up to ₹4 lakh, then 5%, 10%, 15%, 20%, 25% and 30% above ₹24 lakh. A rebate of up to ₹60,000 makes the tax nil up to ₹12 lakh taxable, and just above ₹12 lakh the tax is capped at the income above ₹12 lakh.
Old regime: the ₹50,000 standard deduction and your deductions come off, then 0% up to ₹2.5 lakh (₹3 lakh from 60, ₹5 lakh from 80), 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. A rebate of up to ₹12,500 applies up to ₹5 lakh taxable.
Above ₹50 lakh taxable a surcharge is added to the tax: 10%, 15% above ₹1 crore and 25% above ₹2 crore (37% above ₹5 crore in the old regime), never more than the income above each threshold.
Both then add 4% health and education cess. Figures are for FY 2026-27 and are an estimate: confirm with the Income Tax Department's calculator or a tax adviser before you file.
Worked Example
If you enter
- Yearly income₹15,00,000
- Income fromSalary or pension
- Your ageBelow 60
- Deductions (old regime only)₹1,50,000
You get
- Tax, new regime₹97,500
- Tax, old regime₹2,10,600
- Difference between the two₹1,13,100
These are the calculator's starting values. Change them above to see your own.
Common Questions
What are the new regime slabs for FY 2026-27?
Nil up to ₹4 lakh, 5% from ₹4 to 8 lakh, 10% from ₹8 to 12 lakh, 15% from ₹12 to 16 lakh, 20% from ₹16 to 20 lakh, 25% from ₹20 to 24 lakh and 30% above ₹24 lakh. Budget 2026 kept them unchanged. A rebate of up to ₹60,000 means no tax on taxable income up to ₹12 lakh, and salaried people also get a ₹75,000 standard deduction, so a salary of up to ₹12.75 lakh pays no tax.
When is the old regime better?
When your deductions are large: typically ₹1.5 lakh under 80C plus health insurance, HRA and home loan interest. The calculator shows both side by side; the break-even depends on your income, so try your own figures rather than a rule of thumb.
Does this include surcharge and cess?
Yes. Above ₹50 lakh taxable it adds the surcharge (10%, 15% above ₹1 crore, 25% above ₹2 crore, and 37% above ₹5 crore in the old regime only), with marginal relief, then the 4% health and education cess. It does not cover capital gains or other special-rate income, which are taxed separately.
Guides in Plain Words
Short reads that explain how it works before you decide.
