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Income Tax Calculator

Calculate income tax under Old and New Regime for FY 2026-27. Side-by-side comparison with all deductions.

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₹1,00,000₹1,00,00,000

Deductions

Standard deduction is auto-applied: ₹50,000 (Old) / ₹75,000 (New).

New Regime allows only Standard Deduction and Employer NPS (80CCD(2)). Other deduction fields are grayed out in New Regime results.
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EPF, PPF, ELSS, LIC, NSC, SSY, Tax-saving FD, Tuition Fees, Home Loan Principal
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Section 80D - Health Insurance

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Use our HRA Calculator
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Total Deductions (Old Regime)₹2,25,000

Old Regime

Gross Salary₹10,00,000
Less: Standard Deduction-₹50,000
Gross Total Income₹9,50,000
Less: Chapter VI-A Deductions-₹1,75,000
80C-₹1,50,000
80D-₹25,000
Taxable Income₹7,75,000
Tax on above₹67,500
Tax After Rebate₹67,500
Add: Cess (4%)+₹2,700
TOTAL TAX LIABILITY₹70,200
Effective Rate7.0%

New Regime FY 2026-27

Gross Salary₹10,00,000
Less: Standard Deduction-₹75,000
Taxable Income₹9,25,000
Tax on above₹32,500
Less: Section 87A Rebate-₹32,500
Tax After Rebate₹0
Add: Cess (4%)+₹0
TOTAL TAX LIABILITY₹0
Effective Rate0.0%

Income up to ₹12L is tax-free under New Regime due to Section 87A rebate

New Regime saves you ₹70,200 more per year!

Old Regime Slab Breakdown

₹0 - ₹2,50,000 @ 0%₹0
₹2,50,000 - ₹5,00,000 @ 5%₹12,500
₹5,00,000 - ₹10,00,000 @ 20%₹55,000

New Regime Slab Breakdown

₹0 - ₹4,00,000 @ 0%₹0
₹4,00,000 - ₹8,00,000 @ 5%₹20,000
₹8,00,000 - ₹12,00,000 @ 10%₹12,500

Monthly Take-Home Estimate

Old Regime

₹77,483

per month

New Regime

₹83,333

per month

Tax slabs: New Regime FY 2026-27 per Union Budget 2025. Old Regime unchanged since FY 2023-24.

Disclaimer: This calculator is for illustration purposes only based on FY 2026-27 tax slabs. Actual tax liability may vary based on exemptions, surcharge, and other factors. Consult a qualified chartered accountant or tax advisor for precise calculations. Standard deduction of ₹50,000 (Old) and ₹75,000 (New) is auto-applied.

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Disclaimer: This calculator provides estimated tax computations based on the Income Tax Act and the Union Budget applicable for the selected financial year.
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Frequently Asked Questions

How does the income tax calculator work?+
Enter your annual income, deductions, and regime choice (old or new). The calculator computes your taxable income and tax liability based on current Indian tax slabs.
What is the difference between old and new tax regime?+
The old regime allows deductions under sections like 80C, 80D, and HRA. The new regime offers lower tax rates but removes most deductions.
Is this calculator updated for the latest tax slabs?+
Yes, it reflects the latest Union Budget tax slabs for both the old and new regime.
Is it free to use?+
Yes, completely free with no registration required.