Compare estimated income tax under the old and new tax regimes.
Enter your annual income and eligible deductions to estimate your tax liability.
Current slabs used by this calculator for AY 2026–27.
| Taxable Income | Rate |
|---|---|
| Up to ₹4 lakh | 0% |
| ₹4 lakh – ₹8 lakh | 5% |
| ₹8 lakh – ₹12 lakh | 10% |
| ₹12 lakh – ₹16 lakh | 15% |
| ₹16 lakh – ₹20 lakh | 20% |
| ₹20 lakh – ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Under the new regime, tax is calculated through the applicable slabs. A resident individual with taxable income up to ₹12 lakh may qualify for the Section 87A rebate, subject to the applicable conditions.
For a salaried person, the ₹75,000 standard deduction can make the effective no-tax gross salary threshold ₹12.75 lakh, subject to eligibility.
The new tax regime provides revised slab rates and is the default regime for eligible individual taxpayers, subject to applicable rules.
For AY 2026–27, eligible resident individuals under the new regime can receive a rebate of up to ₹60,000 when taxable income does not exceed ₹12 lakh, subject to the applicable conditions.
Under the new regime, the Section 87A rebate can eliminate the calculated income tax for eligible resident individuals whose taxable income is within the specified limit. This is different from the slab rate itself being zero.
For AY 2026–27, the standard deduction is ₹75,000 for eligible salaried individuals under the new regime and ₹50,000 under the old regime.
Yes. The calculator estimates applicable surcharge for higher income levels and applies marginal relief where applicable. It then calculates 4% Health & Education Cess on the applicable tax and surcharge. The result is an estimate and may not cover every special-rate income or tax provision.
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