Income Tax Calculator 2026-27: New Regime vs Old Regime

Find out which tax regime costs you less. Enter your salary, other income and deductions, and the calculator works out your income tax under the new regime and the old regime side by side, with the rebate, surcharge and 4% cess. It uses the rates for tax year 2026-27 under the Income-tax Act, 2025, which are the same as for 2025-26.

About you Tax yearSlabs, rebate and standard deduction are the same for both years. Age during the year

Income for the year Gross salary or pensionBefore any deduction. Leave 0 if you have no salary.Other incomeRent received after the 30% deduction, freelance or other income taxed at slab rates.Savings account interestFD, RD and post office interest

Deductions (count in the old regime only) HRA exemptionThe exempt part of HRA, as shown in your Form 16.Professional tax paidUp to ₹2,500.PF, PPF, ELSS, LIC, tuition fees, home loan principalSection 123 (old 80C). Up to ₹1,50,000.Your own extra NPS contributionSection 124 (old 80CCD(1B)). Up to ₹50,000.Health insurance premiumSection 126 (old 80D). Self, family and parents together, within the limits for your ages.Home loan interest (self-occupied house)Section 22 (old 24(b)). Up to ₹2,00,000.Other deductionsFor example education loan interest or donations, at the allowed amount.

Allowed in both regimes Employer contribution to NPSUp to 14% of salary in the new regime and 10% in the old regime.

Enter your income to compare.

New regime

Old regime

How the tax is worked out

New regime (section 202) is the default. Slabs: up to ₹4 lakh nil, then 5%, 10%, 15%, 20% and 25% for each next ₹4 lakh, and 30% above ₹24 lakh. The standard deduction for salary is ₹75,000 (section 19), and most other deductions are not allowed.
Rebate (section 156): in the new regime there is no tax if taxable income is up to ₹12 lakh (rebate up to ₹60,000), with marginal relief just above it. In the old regime the rebate is up to ₹12,500 if taxable income is up to ₹5 lakh.
Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60 to 79, ₹5 lakh at 80 or above), 5% up to ₹5 lakh, 20% up to ₹10 lakh and 30% above. The standard deduction is ₹50,000.
Surcharge on income above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%) and, in the old regime only, ₹5 crore (37%), with marginal relief. Health and education cess of 4% is added to the tax.
Interest on savings accounts is deductible up to ₹10,000 in the old regime; senior citizens can deduct up to ₹50,000 of interest on all deposits instead (section 153).

This is an estimate for a resident individual with salary, pension, interest and other income taxed at slab rates. It does not cover capital gains, business income or lottery winnings, which have their own rates. Your figures stay in this browser; nothing is sent to our server. Not tax advice.