Enter your yearly income to see your tax under both regimes side by side for FY 2026-27 (tax year 2026-27), and which one saves more. Salaried people get the standard deduction automatically; old-regime deductions are optional.
New regime slabs (default)
| Taxable income | 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% |
Taxable income up to ₹12 lakh pays no tax thanks to a rebate of up to ₹60,000 (section 156 of the Income Tax Act 2025, earlier section 87A). With the ₹75,000 standard deduction, a salary of ₹12.75 lakh is tax-free. Just above ₹12 lakh, marginal relief caps the tax at the income above ₹12 lakh, so earning ₹10,000 more never costs more than ₹10,000 in tax.
Old regime
Nil up to ₹2.5 lakh (₹3 lakh for 60–79, ₹5 lakh for 80+), 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. The rebate is smaller (up to ₹12,500 for income up to ₹5 lakh) and the standard deduction is ₹50,000, but you can claim 80C, 80D, HRA, home-loan interest and others. You have to choose it; the new regime applies by default.
Which regime should you choose?
The new regime wins for most people now. The old regime can still win if your deductions are large, typically full 80C, health insurance, a big HRA claim and home-loan interest together. Put your own numbers in the calculator: it shows the exact difference.
4% health and education cess applies on top. Surcharge applies above ₹50 lakh (with marginal relief). This page gives an estimate for planning and does not cover special-rate income such as capital gains; confirm with a CA or the income-tax portal before filing. Rates: Income Tax Act 2025, unchanged by Budget 2026.