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Income tax calculator: old vs new regime
Enter your yearly salary and, for the old regime, your deductions. You'll see the tax under both regimes, which one saves more, and exactly how each figure is worked out. Income up to ₹12,00,000 is tax-free under the new regime (₹12,75,000 for salaried people).
Capital gains and other special-rate income are not included. Work out your HRA exemption.
Fill in the form to see the result.
New regime tax slabs for FY 2026-27
The new regime is the default. It has lower rates but allows almost no deductions apart from the ₹75,000 standard deduction for salaried people and pensioners and the employer's NPS contribution.
| Income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
A rebate of up to ₹60,000 makes tax zero when taxable income is ₹12,00,000 or less. Just above that, marginal relief ensures you never pay more tax than the income above ₹12,00,000.
Old regime tax slabs
The old regime has higher rates but lets you claim HRA, 80C, 80D, home loan interest and other deductions. Standard deduction is ₹50,000.
| Income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Senior citizens (60 to 79) pay nil up to ₹3,00,000 and super senior citizens (80+) nil up to ₹5,00,000. A rebate of up to ₹12,500 applies when taxable income is ₹5,00,000 or less.
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%). Health and education cess of 4% is added to tax plus surcharge.
Which one should you choose? Read old vs new tax regime, or see tax on common salaries.
More calculators
Guides
- What is income tax?Who pays, how income is taxed and how the tax is collected
- Old vs new tax regime: which should you choose?Slabs, deductions and the break-even point, with worked numbers
- Income tax slabs for tax year 2026-27Slab rates for both regimes, with tax at every slab boundary
- Standard deduction for salaried employees and pensionersA flat ₹75,000 (new) or ₹50,000 (old) off salary and pension
- Tax rebate under section 87A (now section 156)Zero tax up to ₹12 lakh income, and marginal relief just above it
- Income-tax Act, 2025: what changed and what did notThe tax year, new section numbers and what stayed the same
Frequently asked questions
Is income up to ₹12 lakh tax-free?
Under the new regime, yes: taxable income up to ₹12,00,000 pays no tax because of the rebate. For salaried people the standard deduction of ₹75,000 means a salary up to ₹12,75,000 is tax-free. The rebate does not apply to special-rate income such as capital gains.
Which regime is better for me?
The old regime is better only if your deductions and exemptions are large. The calculator shows the break-even amount for your salary. For most people earning under ₹12.75 lakh, the new regime is better.
Can I switch between regimes every year?
Salaried people and pensioners without business income can choose each year when filing the return. Tell your employer your choice at the start of the year so TDS is deducted correctly.
Did the Income-tax Act 2025 change the tax rates?
No. The new Act, in force from 1 April 2026, rewrote and simplified the law and replaced "assessment year" with "tax year", but kept the rates and slabs.