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Tax Year 2026-27 (Income-tax Act, 2025) and FY 2025-26 (Income-tax Act, 1961)

Income Tax Calculator: new vs old regime

Estimate your income tax for Tax Year 2026-27 or FY 2025-26 and compare the new and old regimes side by side, with every step shown.

Not yet checked by a Chartered Accountant. This calculator follows the official rules listed on this page and passes our worked examples, but an expert has not signed it off yet. Use the result as a guide, and check with a qualified professional before you file or pay.

Enter your details

Your age during the year

Total salary before any deductions, as shown in your salary slips or Form 16.

Savings and deposit interest, rent you receive after allowed deductions, and similar income. Leave out capital gains.

Old regime extras (optional)

For example the exempt part of HRA or leave travel allowance, as worked out by your employer.

For example life insurance, PPF, ELSS, provident fund, health insurance and home loan interest that you are eligible for. Enter the total.

Your figures stay in your browser. Nothing you enter is sent to FinanceOpen or stored.

What it covers

  • Resident individuals, including senior and super senior citizens
  • Salary and other ordinary income such as interest
  • New and old regimes compared side by side
  • Standard deduction, rebate, marginal relief and 4% cess
  • Tax Year 2026-27 (Income-tax Act, 2025) and FY 2025-26 (Income-tax Act, 1961)

What it does not cover

  • Total income above Rs 50 lakh (surcharge is not calculated)
  • Capital gains and other income taxed at special rates
  • Business or professional income (use the Freelancer Tax Planner)
  • Non-residents, HUFs, firms and companies
  • Set-off of losses, agricultural income and relief for foreign tax
  • Employer contributions to NPS and other specific deductions under the new regime

How this calculator works

The calculator works out your taxable income under each regime, applies the slab rates for the year you choose, deducts any rebate or marginal relief, and adds 4% health and education cess. Taxable income and the final tax are rounded to the nearest ten rupees, as the law requires.

New regime slab rates

These rates apply to resident individuals of all ages for Tax Year 2026-27 and FY 2025-26.

Taxable incomeRate
Up to Rs 4,00,000Nil
Rs 4,00,001 to Rs 8,00,0005%
Rs 8,00,001 to Rs 12,00,00010%
Rs 12,00,001 to Rs 16,00,00015%
Rs 16,00,001 to Rs 20,00,00020%
Rs 20,00,001 to Rs 24,00,00025%
Above Rs 24,00,00030%

A rebate of up to Rs 60,000 applies when taxable income is Rs 12 lakh or less. Just above Rs 12 lakh, marginal relief limits your tax to the amount by which your income exceeds Rs 12 lakh. Salaried people get a standard deduction of Rs 75,000.

Old regime slab rates

Taxable incomeBelow 6060 to 7980 and above
Up to Rs 2,50,000NilNilNil
Rs 2,50,001 to Rs 3,00,0005%NilNil
Rs 3,00,001 to Rs 5,00,0005%5%Nil
Rs 5,00,001 to Rs 10,00,00020%20%20%
Above Rs 10,00,00030%30%30%

A rebate of up to Rs 12,500 applies when taxable income is Rs 5 lakh or less. The standard deduction for salaried people is Rs 50,000. You can enter exempt allowances, such as the exempt part of HRA, and the deductions you are eligible for.

Two quick examples

  • Salary of Rs 13,00,000, new regime. Taxable income is Rs 12,25,000 after the standard deduction. Slab tax is Rs 63,750, but marginal relief limits it to Rs 25,000. With 4% cess, total tax is Rs 26,000.
  • Salary of Rs 10,00,000 with Rs 1,50,000 of deductions, old regime. Taxable income is Rs 8,00,000. Tax is Rs 72,500 plus cess, a total of Rs 75,400. Under the new regime the same salary gives zero tax.

Frequently asked questions

Why does the calculator show tax of zero on a salary of Rs 12.75 lakh?

Under the new regime, salaried people get a standard deduction of Rs 75,000, which brings taxable income to Rs 12 lakh. The rebate then cancels the full Rs 60,000 of slab tax.

Which year should I choose?

Choose FY 2025-26 if you are filing a return in 2026 for income earned from April 2025 to March 2026. Choose Tax Year 2026-27 for income you are earning now, from April 2026 to March 2027.

Do I need to enter my deductions for the new regime?

No. The new regime allows very few deductions, and this calculator applies the standard deduction automatically. The deduction fields apply only to the old regime.

Official sources

  1. Income-tax Act, 2025, Income Tax Department
  2. Finance Act, 2025 and Union Budget 2026-27, Ministry of Finance
  3. Income Tax e-filing portal: tax calculator and forms, Income Tax Department

FinanceOpen is independent and is not affiliated with these bodies. Links open official websites in a new tab.

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Calculator results are estimates for planning, based only on the figures you enter and the rules described on this page.

This page is general information to help you understand the topic. It is not tax, legal or financial advice for your situation. Rules can change; check the tax year shown above. See our disclaimer and editorial policy.