Income Tax Calculator
See how much income tax you will pay under the new and old regimes, and which one saves you more. Enter your salary and any other income; add deductions to compare fairly.
Add your deductions (old regime: investments, health insurance, HRA, home loan…)
The new regime saves you ₹1,59,900 a year. The old-regime figure assumes no deductions; add yours above to compare fairly.
How this was calculated
| New regime | Old regime | |
|---|---|---|
| Gross income | ₹15,00,000 | ₹15,00,000 |
| Standard deduction | −₹75,000 | −₹50,000 |
| Other deductions | ₹-0 | ₹-0 |
| Taxable income | ₹14,25,000 | ₹14,50,000 |
| Tax as per slabs | ₹93,750 | ₹2,47,500 |
| Rebate / marginal relief (Section 156 (formerly 87A)) | ₹-0 | ₹-0 |
| Surcharge | ₹0 | ₹0 |
| Health & education cess (4%) | ₹3,750 | ₹9,900 |
| Total tax | ₹97,500 | ₹2,57,400 |
For Tax Year 2026-27 under the Income-tax Act, 2025. The same slabs also apply to FY 2025-26 (AY 2026-27). Covers income taxed at slab rates for resident individuals. Capital gains taxed at special rates and business income are not included, and marginal relief on surcharge is not applied.
Which law and which year
Income you earn from 1 April 2026 is taxed under the Income-tax Act, 2025, which replaced the Income-tax Act, 1961. The 2025 Act uses one term, tax year, instead of “previous year” and “assessment year”: income earned from April 2026 to March 2027 is Tax Year 2026-27. Budget 2026 did not change the slabs, the standard deduction or the rebate. Returns for FY 2025-26 (AY 2026-27), filed in 2026, still follow the 1961 Act, with the same slabs.
New tax regime slabs
The new regime is the default. These slabs apply for Tax Year 2026-27 and FY 2025-26, for all ages:
| Taxable income | Tax rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Salaried people get a ₹75,000 standard deduction. The rebate under Section 156 (formerly 87A), up to ₹60,000, makes tax zero when taxable income is ₹12 lakh or less, so a salary up to ₹12.75 lakh pays no tax.
Old tax regime slabs
| Taxable income | Below 60 | 60 to 79 | 80 and above |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 – ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
The standard deduction is ₹50,000, and the rebate (up to ₹12,500) makes tax zero when taxable income is ₹5 lakh or less. In return for the higher rates, you can claim deductions such as investments under Section 123 (formerly 80C) (₹1.5 lakh), health insurance under Section 126 (formerly 80D), HRA, home loan interest (₹2 lakh) and an extra ₹50,000 for NPS.
In both regimes, a 4% health and education cess is added to the tax, and a surcharge applies above ₹50 lakh of taxable income (capped at 25% in the new regime).
Worked example: ₹15 lakh salary
Someone below 60 with a ₹15 lakh salary and ₹4.05 lakh of old-regime deductions (investments ₹1.5 lakh, health insurance ₹25,000, extra NPS ₹50,000, HRA ₹1.8 lakh):
| New regime | Old regime | |
|---|---|---|
| Salary | ₹15,00,000 | ₹15,00,000 |
| Standard deduction | −₹75,000 | −₹50,000 |
| Other deductions | — | −₹4,05,000 |
| Taxable income | ₹14,25,000 | ₹10,45,000 |
| Tax as per slabs | ₹93,750 | ₹1,26,000 |
| Cess (4%) | ₹3,750 | ₹5,040 |
| Total tax | ₹97,500 | ₹1,31,040 |
The new regime saves ₹33,540 here, even with ₹4.05 lakh of deductions.
Which regime is better for you?
It depends on how much you can deduct in the old regime. For a salaried person below 60, the old regime only wins if your deductions are more than about:
- Salary up to ₹12.75 lakh: never. The new regime gives zero tax.
- ₹15 lakh: ₹5.44 lakh of deductions
- ₹20 lakh: ₹7.09 lakh of deductions
- ₹25 lakh and above: about ₹8 lakh of deductions
Most people who don’t have a large home loan and HRA together are better off in the new regime. Enter your own deductions in the calculator to check.
What this calculator doesn’t cover
- Capital gains taxed at special rates: use the Capital Gains Tax Calculator.
- Working out HRA exemption: use the HRA Exemption Calculator.
- Your monthly take-home pay: use the In-Hand Salary Calculator.
- Tax deducted on interest, rent or fees: use the TDS Calculator.
- Instalment dates: read the advance tax guide.
