Income Tax Calculator (New vs Old Regime)
FY 2025-26 & FY 2026-27 (AY 2026-27 / 2027-28). Compare New vs Old regime side-by-side, check the ₹12 lakh zero-tax rebate, and see your monthly take-home.
Old regime deductions
New Regime
BetterOld Regime
Choosing New Regime saves you ₹1,05,300 per year.
Take-home vs Tax (Recommended regime)
New Regime — Slab-wise tax
| Slab | Rate | Tax |
|---|---|---|
| ₹0 – ₹4,00,000 | 0% | ₹0 |
| ₹4,00,000 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,000 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,000 – ₹16,00,000 | 15% | ₹33,750 |
FAQ
Is income up to ₹12 lakh really tax-free?
Yes — under the new regime for FY 2025-26 and FY 2026-27, a resident individual with taxable income up to ₹12 lakh pays zero tax thanks to the enhanced Section 87A rebate (up to ₹60,000). For salaried people the tax-free ceiling rises to ₹12.75 lakh after the ₹75,000 standard deduction.
What are the new regime tax slabs for FY 2025-26 / 2026-27?
0–₹4L: nil, ₹4–8L: 5%, ₹8–12L: 10%, ₹12–16L: 15%, ₹16–20L: 20%, ₹20–24L: 25%, above ₹24L: 30%. Budget 2026 kept these slabs unchanged for FY 2026-27.
Which regime is better, new or old?
It depends on your deductions. The new regime has lower slab rates and the ₹12 lakh rebate but disallows most deductions; the old regime is usually better only when you fully utilise 80C, 80D, HRA, and home-loan interest. This calculator picks the cheaper one for you.
Is the standard deduction included?
Yes — ₹75,000 in the new regime and ₹50,000 in the old regime for salaried individuals. You can switch it off if you are not salaried.
Does this include surcharge for high incomes?
No — this is a simplified estimator. It applies slab rates, 4% cess, and marginal relief just above ₹12 lakh, but does not compute surcharge for incomes above ₹50L.