Income Tax Calculator India, FY 2026-27 new vs old regime with slab-wise tax, standard deduction, 87A rebate, and cess applied automatically for salaried individuals.
This tool is being upgraded to our new faster interface. The full calculator remains available and all of your existing links keep working.
Compare both regimes with your actual deductions in this calculator. Generally the new regime wins below roughly ₹4-5 lakh of deductions; the old regime can win with heavy HRA, home-loan interest, 80C, and NPS.
No. HRA, 80C, 80D, LTA, and most Section 80 deductions are old-regime only. The new regime allows only the standard deduction and employer NPS contribution.
No. Surcharge applies above ₹50 lakh income (10% over ₹50 lakh, 25% over ₹1 crore). Add it manually if your income crosses those thresholds.
₹75,000 for salaried taxpayers, applied before slab rates. The old regime keeps the ₹50,000 standard deduction. Pensioners get ₹75,000 too under the new regime since FY 2025-26.
Up to ₹60,000 rebate when total taxable income is ₹12 lakh or less, making tax effectively zero up to about ₹12.75 lakh for salaried taxpayers after the standard deduction. Above ₹12 lakh the rebate phases out and only marginal relief applies.
Salaried taxpayers without business income can switch every year by informing their employer or choosing the regime while filing. Taxpayers with business or professional income can switch back to the old regime only once in a lifetime.
Generally no for self-occupied property. An exception exists for a let-out property under Section 24(b), but not the ₹2 lakh self-occupied deduction the old regime allows.
Proof of each investment: LIC premium receipts, PPF passbook updates, ELSS or NSC statements, children's tuition receipts, home-loan principal certificate from the bank, EPF contribution statements, and health-insurance premium receipts for 80D.
No. It covers resident individual salary and deductions. Short-term and long-term capital gains have separate rates and should be calculated separately.
4 percent on total income tax plus surcharge. It applies equally under both regimes and is always added last.
