Compare your tax under the new and old regime for tax year 2026-27 (April 2026 – March 2027).
| Income slab | Rate | Your income in slab | Tax |
|---|
Before rebate, surcharge and 4% cess.
Budget 2026 did not change the slabs, standard deduction or rebate. The new Income-tax Act, 2025 takes effect from 1 April 2026 and calls this year the tax year 2026-27, but the rates are the same as FY 2025-26. The new regime is the default; you can choose the old regime when you file your return if it saves more.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction: ₹75,000. Rebate: up to ₹60,000 for taxable income up to ₹12 lakh, so a salary up to ₹12.75 lakh pays no tax. Most deductions (80C, 80D, HRA, home loan interest on a self-occupied house) are not allowed. Employer NPS under 80CCD(2) is allowed.
| Taxable income | Below 60 | 60 to 79 | 80+ |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 – ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
Standard deduction: ₹50,000. Rebate: up to ₹12,500 for taxable income up to ₹5 lakh. Deductions like HRA, 80C, 80D, 80CCD(1B) and home loan interest are allowed.
Surcharge is added when taxable income crosses ₹50 lakh (10%), ₹1 crore (15%) and ₹2 crore (25%). Above ₹5 crore it is 37% in the old regime but stays capped at 25% in the new regime. Marginal relief stops your tax from jumping by more than the extra income at each limit. Finally, a 4% health and education cess is added on tax plus surcharge.
A salaried person earning ₹15 lakh a year: in the new regime, taxable income is ₹14.25 lakh after the standard deduction, and tax with cess is about ₹97,500. In the old regime, with ₹1.5 lakh in 80C, taxable income is ₹13 lakh and tax is about ₹2,10,600. Here the new regime is cheaper unless you have much larger deductions such as HRA and home loan interest.
The calculator shows the extra deductions you would need for the old regime to beat the new one. Planning a home purchase? See how much you can borrow with our Home Loan Eligibility Calculator, and grow your savings with a SIP.
This calculator covers resident individuals with salary and normal income. It does not handle capital gains, special-rate income or agricultural income. Use it for planning and confirm with a tax professional or the Income Tax Department's tools before filing.