Income Tax Calculator

FY 2026-27 old vs new regime

₹12,00,000
₹

New regime: lower slabs, no major deductions

Total Tax Payable
₹0
Taxable Income₹11,25,000
Income Tax₹0
Cess (4%)₹0
Total Tax₹0
What this means for you
New regime wins for most salaried up to ~₹15L. Old regime wins only if you have ₹3L+ in legitimate deductions.
What to do next
Old vs New side-by-side comparisonSee ranked deductions (Tax Saver)Calculate HRA exemption
For salaried individuals below 60. Standard deduction applied.
Updated for Finance Act 2025 (FY 2026-27)
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Formula & SourceIncome Tax Calculator
NEW REGIME FY 2026-27:
  0 – 4L: 0%   |   12L – 16L: 15%
  4L – 8L: 5%  |   16L – 20L: 20%
  8L – 12L: 10% |   20L – 24L: 25%
              |   Above 24L: 30%

Standard Deduction: ₹75,000
Rebate u/s 87A: full rebate if taxable ≤ ₹12L
Cess: 4% on tax
Source: Finance Act 2025, Income Tax Act 1961

Frequently Asked Questions

New regime wins for most salaried with income up to ~₹15L. Old regime wins if you have ₹3L+ in deductions.
Full tax rebate if taxable income is ≤ ₹12L under new regime or ≤ ₹5L under old regime.
All formulas are verified against the original government notification or Act (cited in the source line below the result). Numbers update in under a second on any input change, with no rounding-of-thousands like some competitors. For tax, slabs are sourced from the current Finance Act; for small savings, rates come from the quarterly government notification.
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Yes — every calculator is verified for FY 2026-27 (post Finance Act 2025). The "Last reviewed" stamp at the bottom of every page tells you when the math was last re-checked. If you spot an out-of-date number, write to us at /contact.