India income tax calculator: new regime or old regime
Compare income tax and take-home pay for a salaried person under India's new and old tax regimes, with the standard deduction, section 87A rebate and cess.
An estimate for a resident salaried individual using the Assessment Year 2026-27 rates (income earned in FY 2025-26), which is the latest table the Income Tax Department lists. It includes the standard deduction (Rs 75,000 new regime, Rs 50,000 old regime), the section 87A rebate, surcharge with marginal relief and 4% cess. It does not include provident fund, professional tax, HRA, other allowances or capital gains. Check the department for current figures.
How this calculator works
Under the new regime the first Rs 4 lakh is nil, then 5% to Rs 8 lakh, 10% to Rs 12 lakh, 15% to Rs 16 lakh, 20% to Rs 20 lakh, 25% to Rs 24 lakh and 30% above. A section 87A rebate (up to Rs 60,000) makes tax nil when taxable income is up to Rs 12 lakh, with marginal relief just above it. The old regime has slabs of 5%, 20% and 30%, a Rs 12,500 rebate up to Rs 5 lakh, and lets you deduct things like 80C. Both add 4% cess, and a surcharge above Rs 50 lakh.
Worked example: on a salary of Rs 15,00,000 the new regime's taxable income is Rs 14,25,000 after the Rs 75,000 standard deduction. Tax is Rs 93,750 and cess adds Rs 3,750, a total of Rs 97,500. The old regime with Rs 1,50,000 of deductions has taxable income of Rs 13,00,000 and pays Rs 2,10,600, so the new regime saves Rs 1,13,100.
Sources and checks
Our figures and rules follow these official sources:
- Income Tax Department: Tax rates
- Income Tax Department: Deductions and allowances for a salaried employee
- Income Tax Department: ITR-2 FAQs (section 87A rebate in the new regime)
Provident fund, HRA, other allowances and capital gains are not included. The department's table is for Assessment Year 2026-27.
Figures last checked: 30 October 2026. Spotted a mistake? Tell us.