Compare the new and old tax regimes for FY 2026-27.
On a ₹15,00,000 salary with ₹2,00,000 of old-regime deductions the tax is new regime ₹97,500.00 · old regime ₹1,95,000.00. Under the new regime income up to ₹12 lakh is tax-free after the rebate, and ₹12.75 lakh for salaried people.
The Income Tax Calculator compares the two tax regimes available to individuals in India for FY 2026-27 (assessment year 2027-28). Enter your gross income, whether you are salaried, your age and — for the old regime — your total deductions. It shows the taxable income, slab tax, rebate, surcharge, cess and total tax under each regime.
The slabs were not changed in Budget 2026. The new regime has lower rates and a ₹75,000 standard deduction but few deductions; the old regime allows 80C, 80D, HRA and more. Use the Take Home Paycheck Calculator for monthly in-hand pay and the Salary Calculator to convert pay periods.
The calculator applies the standard financial formulas step by step.
| Item | New regime | Old regime |
|---|---|---|
| Taxable income | ₹14,25,000.00 | ₹12,50,000.00 |
| Tax on slabs | ₹93,750.00 | ₹1,87,500.00 |
| Section 87A rebate / marginal relief | −₹0.00 | −₹0.00 |
| Surcharge | ₹0.00 | ₹0.00 |
| Health & education cess (4%) | ₹3,750.00 | ₹7,500.00 |
| Total tax | ₹97,500.00 | ₹1,95,000.00 |
| Effective rate on gross income | 6.5% | 13% |
| Monthly tax | ₹8,125.00 | ₹16,250.00 |
| Income | Lower tax |
|---|---|
| Gross ₹8,00,000 | ₹0.00 |
| Gross ₹12,75,000 | ₹0.00 |
| Gross ₹15,00,000 | ₹97,500.00 |
| Gross ₹25,00,000 | ₹3,19,800.00 |
| Gross ₹60,00,000 | ₹15,52,980.00 |
The new regime usually wins if your deductions are small. The old regime can win when you claim large deductions such as 80C, HRA and home-loan interest. The calculator shows both.
In the new regime, yes for taxable income up to ₹12 lakh because of the ₹60,000 section 87A rebate. A salaried person with the ₹75,000 standard deduction can have gross pay of ₹12.75 lakh.
A flat deduction for salaried employees and pensioners: ₹75,000 in the new regime and ₹50,000 in the old regime.
Common ones are 80C (up to ₹1.5 lakh), 80D health insurance, HRA, home-loan interest and the NPS additional deduction. Enter the total in the deductions box.
No. Special-rate income such as capital gains is not modelled.
A 4% health and education cess charged on the tax plus surcharge.
It uses the standard formula: total tax = (slab tax − rebate + surcharge) × 1.04 The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
