New tax regime
₹0
estimated annual tax
Taxable income₹11,25,000
India income tax · FY 2026–27
Know your tax before it knows you.
Compare your estimated income tax under the old and new tax regimes for FY 2026–27, including deductions, slab-wise tax, cess and monthly tax equivalent.
Your income
Start with your annual numbers
Enter gross income before tax. All fields are annual amounts for FY 2026–27.
Gross annual income₹12,00,000Salary + business / professional + other income
Old-regime deductions and exemptions
These inputs are used only for the old-regime comparison. The new regime generally does not allow them.
Lower estimated tax · New regime is lower
₹0
Total income tax including 4% health & education cess
Taxable income₹11,25,000
Monthly equivalent₹0
Annual savings₹1,63,800between regimes
Effective tax rate0.00%on gross income
Old vs new regime
Lower tax
Old tax regime
₹1,63,800
estimated annual tax
Taxable income₹11,50,000
New regime calculation
Standard deduction₹75,000
Total eligible deductions₹0
Tax before rebate₹52,500
Section 87A rebate− ₹52,500
Health & education cess₹0
View slab-wise tax
New regime
| Slab | Rate | Tax in slab |
|---|---|---|
| Up to ₹4 lakh | 0% | ₹0 |
| ₹4–8 lakh | 5% | ₹20,000 |
| ₹8–12 lakh | 10% | ₹32,500 |
Old regime
| Slab | Rate | Tax in slab |
|---|---|---|
| Up to ₹2.5 lakh | 0% | ₹0 |
| ₹2.5–5 lakh | 5% | ₹12,500 |
| ₹5–10 lakh | 20% | ₹1,00,000 |
| Above ₹10 lakh | 30% | ₹45,000 |
Gross income used: ₹12,00,000 · Results are estimates based on the inputs provided.
Estimate only: this tool assumes normal-rate income for an individual and uses rules for FY 2026–27 / AY 2027–28, effective from 1 April 2026. It does not calculate special-rate income, capital gains, TDS or advance tax.
The calculation
How income tax is calculated
The calculator adds salary, business or professional income and other income to find gross income. Salary standard deduction is then applied, followed by eligible old-regime deductions and exemptions entered above.
The remaining taxable income is passed through the selected regime’s slabs. Section 87A rebate, surcharge where applicable and 4% health and education cess are then included in the estimated total tax.
Your result is a planning estimate, not a tax filing or professional tax opinion. Use your Form 16, books and tax adviser for a return-ready calculation.
FY 2026–27 reference
New and old tax regime slabs
New regime
Default regime; age does not change these slabs.
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | 0% |
| ₹4–8 lakh | 5% |
| ₹8–12 lakh | 10% |
| ₹12–16 lakh | 15% |
| ₹16–20 lakh | 20% |
| ₹20–24 lakh | 25% |
| Above ₹24 lakh | 30% |
Old regime
Resident senior citizens get higher nil-slab thresholds.
| Taxpayer | Nil slab | Next slabs |
|---|---|---|
| Below 60 | ₹2.5 lakh | 5%, 20%, 30% |
| 60–79 | ₹3 lakh | 5%, 20%, 30% |
| 80+ | ₹5 lakh | 20%, 30% |
Choose with context
Old vs new tax regime
The new regime trades most deductions for wider slabs and a ₹75,000 salary standard deduction. The old regime keeps more deductions and exemptions, but uses higher tax rates above the lower slabs. Compare the final tax for your own income and eligible claims rather than relying on a general rule.
What deductions do
Deductions reduce taxable income
Section 80C is capped at ₹1,50,000. 80D depends on whether the covered person is a senior citizen. The home-loan field uses the ₹2,00,000 self-occupied interest limit. HRA should be entered as the eligible exemption amount, not total HRA received.
Worked example
Example: ₹15 lakh salary with old-regime deductions
This illustration assumes a resident taxpayer below 60 with ₹2.4 lakh eligible HRA exemption, full 80C, ₹25,000 self/family 80D and ₹1.5 lakh home-loan interest.
Gross income
₹15,00,000
New-regime tax
₹97,500
Old-regime tax
₹93,080
Estimated saving
₹4,420
Illustrative only. Change the calculator inputs for your own salary, income mix and eligible deductions.
Questions, answered
Income tax calculator FAQs
Which tax regime is better in FY 2026–27?
It depends on your income mix and eligible old-regime deductions. The new regime is usually simpler and has lower slab rates, while the old regime may be better when you can claim meaningful deductions such as 80C, 80D, HRA exemption and eligible home-loan interest.
What is the standard deduction for FY 2026–27?
The calculator uses a standard deduction of ₹75,000 under the new regime and ₹50,000 under the old regime, limited to salary income. Business and other income do not receive this salary standard deduction.
Does the new regime allow 80C, 80D and HRA deductions?
Generally, no. The new regime calculation here applies the salary standard deduction but ignores the old-regime deduction fields. The old-regime comparison applies eligible 80C, 80D, HRA exemption, self-occupied home-loan interest and other eligible deductions subject to the limits shown.
How does the ₹12 lakh rebate work?
For a resident individual under the new regime, section 87A can rebate up to ₹60,000 when taxable total income is up to ₹12,00,000. Marginal relief is included for income marginally above ₹12,00,000. Special-rate income such as some capital gains is outside this calculator.
Is this income tax calculator exact?
No. It is a client-side estimate for normal-rate income using the inputs you provide. Actual liability can differ because of special-rate income, capital gains, losses, employer benefits, exemptions, rounding, advance tax, TDS, residential-status details and future law changes.
More clarity, less guesswork
If you are starting with an offer letter, use the CTC-to-In-Hand Salary Calculator to estimate take-home pay, then use this tool to compare income-tax regimes. You can also browse all free Chase Clarity tools.
Tax-rule references: Union Budget explanatory memorandum, Income Tax Department regime guidance and Income Tax Department threshold limits.