Enter your yearly income and deductions to see your tax under both regimes for FY 2026-27, with the rebate, surcharge and 4% cess, and which regime saves you more. Nothing you enter leaves your browser.
| New regime | Old regime |
|---|
The Income-tax Act, 2025 replaced the 1961 Act from 1 April 2026 and uses the term "tax year" instead of "previous year" and "assessment year". Budget 2026 kept the slab rates the same as last year.
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Standard deduction ₹75,000 for salary and pension. Rebate of up to ₹60,000 when taxable income is ₹12 lakh or less, with marginal relief just above it. Most deductions (80C, 80D, HRA, home-loan interest on a self-occupied house) are not allowed; the employer's NPS contribution is.
| Taxable income | Below 60 | 60 to 79 | 80+ |
|---|---|---|---|
| Up to ₹2.5 lakh | Nil | Nil | Nil |
| ₹2.5 lakh to ₹3 lakh | 5% | Nil | Nil |
| ₹3 lakh to ₹5 lakh | 5% | 5% | Nil |
| ₹5 lakh to ₹10 lakh | 20% | 20% | 20% |
| Above ₹10 lakh | 30% | 30% | 30% |
Standard deduction ₹50,000. Rebate of up to ₹12,500 when taxable income is ₹5 lakh or less. All the usual deductions and exemptions are allowed.
Both regimes: 4% health and education cess on the tax. Surcharge of 10% above ₹50 lakh, 15% above ₹1 crore and 25% above ₹2 crore of income (37% above ₹5 crore in the old regime only), with marginal relief at each step.
Tax including cess for a salaried person under 60. The old-regime column assumes the full ₹1.5 lakh under 80C and ₹25,000 of health insurance under 80D, and nothing else.
| Salary | New regime | Old regime | Better |
|---|---|---|---|
| ₹7 lakh | ₹0 | ₹0 | Same |
| ₹10 lakh | ₹0 | ₹70,200 | New, saves ₹70,200 |
| ₹12.75 lakh | ₹0 | ₹1,32,600 | New, saves ₹1,32,600 |
| ₹15 lakh | ₹97,500 | ₹2,02,800 | New, saves ₹1,05,300 |
| ₹20 lakh | ₹1,92,400 | ₹3,58,800 | New, saves ₹1,66,400 |
| ₹25 lakh | ₹3,19,800 | ₹5,14,800 | New, saves ₹1,95,000 |
| ₹30 lakh | ₹4,75,800 | ₹6,70,800 | New, saves ₹1,95,000 |
| ₹50 lakh | ₹10,99,800 | ₹12,94,800 | New, saves ₹1,95,000 |
With only these common deductions, the new regime comes out ahead at every salary level. The old regime starts to win when you also claim a large HRA exemption or up to ₹2 lakh of home-loan interest. Enter your own numbers above to check.
Under the new regime: nil up to ₹4 lakh, 5% from ₹4 to 8 lakh, 10% from ₹8 to 12 lakh, 15% from ₹12 to 16 lakh, 20% from ₹16 to 20 lakh, 25% from ₹20 to 24 lakh and 30% above ₹24 lakh. Budget 2026 did not change the slabs, the rebate or the standard deduction.
Yes, under the new regime. The Section 87A rebate cancels tax of up to ₹60,000 when taxable income is ₹12 lakh or less. Salaried people also get a ₹75,000 standard deduction, so a salary of up to ₹12.75 lakh pays no tax. The rebate does not cover special-rate income such as crypto gains or capital gains.
About ₹97,500 a year under the new regime, including 4% cess. Under the old regime it depends on your deductions. Use the calculator above to compare.
About ₹1,92,400 a year under the new regime, including cess. The old regime is only cheaper if you claim large deductions such as home-loan interest, HRA and the full 80C limit.
For most people the new regime is cheaper now, because of its wider slabs and the ₹12 lakh rebate. The old regime can still win at higher salaries if your deductions (80C, 80D, HRA, home-loan interest, NPS) add up to several lakh rupees. The calculator shows both side by side.
Salaried people and pensioners without business income can choose the regime every year when filing their return. People with business or professional income can switch back from the new regime only once.
Crypto gains are not added to your slabs. They are taxed at a flat 30% plus cess, with 1% TDS on sales, and no deductions except the purchase cost. Use our crypto tax calculator for that part.
