🧾 Income Tax Calculator — Old vs New Regime
Enter your annual income to see your tax liability under both regimes for FY 2026-27 (AY 2027-28), side by side.
Your income
Standard deduction is applied automatically: ₹50,000 under the old regime, ₹75,000 under the new regime (for salaried/pension income). The new regime does not allow most other exemptions or deductions.
Which regime is cheaper?
You save by choosing
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Old regime tax
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New regime tax
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Full breakup
| Old regime | New regime | |
|---|---|---|
| Gross income | — | — |
| Standard deduction | — | — |
| Other deductions | — | — |
| Taxable income | — | — |
| Tax before cess | — | — |
| Surcharge | — | — |
| Health & education cess (4%) | — | — |
| Total tax payable | — | — |
| Effective tax rate | — | — |
Slabs used (new regime, FY 2026-27): Nil up to ₹4L · 5% ₹4-8L · 10% ₹8-12L · 15% ₹12-16L · 20% ₹16-20L · 25% ₹20-24L · 30% above ₹24L. A rebate makes tax nil for taxable income up to ₹12L, with marginal relief just above that. Old regime slabs (unchanged): Nil up to exemption limit (₹2.5L/₹3L/₹5L by age) · 5% next ₹2.5L · 20% up to ₹10L · 30% above, with rebate up to ₹5L income.
Rates reflect publicly reported FY 2026-27 (AY 2027-28) slabs as of July 2026 and are provided for illustration only — tax law changes, and your actual liability depends on your exact income composition, deductions, and any applicable surcharge/relief rules. Verify current rates at incometax.gov.in or with a chartered accountant before filing.