India Income Tax Calculator
Compare Old vs New Regime instantly. Pick a financial year, enter your numbers, and get a full breakdown in seconds.
Select a financial year to start calculating
Tax Slabs — FY 2026-27
For individuals below 60 years. Old Regime senior/super-senior citizens get higher basic exemptions.
New Regime
Default from FY 2023-24
| Income | Rate |
|---|---|
| ₹0 – ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
Std. deduction: ₹75k · Rebate up to: ₹12L
Old Regime
All deductions & exemptions
| Income | Rate |
|---|---|
| ₹0 – ₹2.5L | Nil |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
Std. deduction: ₹50k · Rebate up to: ₹5L
+ 4% Health & Education Cess on tax. Surcharge applies for income above ₹50L.
Key Limits at a Glance
Common limits and deductions for FY 2026-27
Zero-tax limit
After rebate u/s 87A
Standard Deduction
For salaried individuals
Section 80C
PF, ELSS, LIC, PPF etc.
Health Insurance 80D
Self + parents
NPS Extra (80CCD 1B)
Over 80C limit
Home Loan Interest
Self-occupied property
Old vs New — Which Should You Pick?
The calculator will show the exact saving for your numbers — this is a quick reference guide
Best for
Lower income or minimal investments
High deductions (80C, HRA, home loan)
Complexity
Simple — fewer forms needed
More paperwork, proofs required
Flexibility
Fixed slabs, no tweaking
Customisable via deductions
Break-even income
Advantageous below ~₹15L typically
Worthwhile above ~₹15L with max deductions