Income Tax Calculator

Compare the Old vs New Tax Regime (AY 2026-27) and find out how to maximize your tax savings.

Your total income before any deductions.
Combine all your 80C (EPF, LIC), 80D (Health Insurance), HRA exemption, Home Loan Interest, etc.

Tax Comparison (FY 2025-26 / AY 2026-27)

Old Tax Regime

₹0
Taxable Income: ₹0

New Tax Regime

₹0
Taxable Income: ₹0

You should choose the New Tax Regime and save ₹0.

How to Choose Between the Old vs New Tax Regime?

With the updated budget rules for FY 2025-26 (AY 2026-27), understanding how to calculate income tax has become a hot topic. The government has made the New Tax Regime the default setting, offering significantly lower tax slabs. However, to get these lower rates, you have to forfeit almost all your favorite deductions, such as Section 80C (PPF, ELSS), Section 80D (health insurance), and HRA exemptions.

Using our online Income Tax Calculator, you can perform a side-by-side Old vs New Tax Regime comparison. For salaried individuals, the new regime now offers a ₹75,000 standard deduction and makes income up to ₹12 Lakhs completely tax-free via the Section 87A rebate. If you do not have heavy investments or home loans, the new tax slab is generally much more beneficial. If you have massive deductions, the Old Regime might still save you money. Simply enter your gross income and total deductions to find your personalized winner.

Frequently Asked Questions About Indian Income Tax Slabs

What are the latest tax slabs under the New Tax Regime?
For AY 2026-27, the slabs are: ₹0-4L is Nil. ₹4L-8L is 5%. ₹8L-12L is 10%. ₹12L-16L is 15%. ₹16L-20L is 20%. ₹20L-24L is 25%. Above ₹24L is 30%.
What is the Section 87A Rebate?
Section 87A is a tax rebate that reduces your liability to zero if your taxable income falls below a certain threshold. In the Old Regime, it makes income up to ₹5 Lakh tax-free. Under the New Regime, it makes income up to ₹12 Lakh entirely tax-free.
Do I get Standard Deduction in the New Regime?
Yes! Salaried employees and pensioners are now eligible for a Standard Deduction of ₹75,000 under the New Tax Regime. Under the Old Regime, the Standard Deduction remains at ₹50,000.

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