Income tax calculator: old vs new regime
Enter your salary and deductions. You see the tax under both regimes for FY 2026-27, which one is lower, and by how much.
Your income this year
Deductions (old regime)
The new regime saves you ₹1,04,520
Want a professional to file it with the better regime, and check your AIS for anything missed? See how
Rules used FY 2026-27 (the first tax year under the Income-tax Act, 2025) and FY 2025-26: Budget 2026 kept the same rates. New regime: nil to ₹4 lakh, then 5% up to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh, 30% above; ₹75,000 standard deduction; the rebate (section 87A of the old Act, carried into the 2025 Act) makes tax nil up to ₹12 lakh taxable income, with marginal relief above it. Old regime: nil to ₹2.5 lakh (₹3 lakh at 60–79, ₹5 lakh at 80+), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above; ₹50,000 standard deduction; rebate up to ₹12,500 to ₹5 lakh. Surcharge 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, 37% above ₹5 crore (old regime only; new regime capped at 25%), with marginal relief; 4% cess. Salary and other ordinary income only; capital gains are taxed separately.
Which regime is better for me?
It depends on your deductions. With few deductions, the new regime is usually lower, especially up to ₹12.75 lakh of salary where tax is nil. Large 80C, HRA and home-loan claims can make the old regime cheaper. The calculator shows both.
Is income up to ₹12 lakh tax-free?
Under the new regime for FY 2025-26 and FY 2026-27, yes: the the rebate (section 87A of the old Act, carried into the 2025 Act) makes tax nil up to ₹12 lakh of taxable income. For salaried people, the ₹75,000 standard deduction takes that to ₹12.75 lakh of salary. Capital gains taxed at special rates don't get this rebate.
Can I switch regimes every year?
Salaried people with no business income can choose each year when filing. People with business income can switch back to the old regime only once.
This tool gives an estimate for guidance. It isn't tax advice, and nothing you enter is stored.