Under the new regime, salary up to ₹12,75,000 is tax-free for FY 2025-26 and tax year 2026-27 (₹75,000 standard deduction plus the ₹60,000 rebate). Enter your income to compare new vs old regime tax, with rebate, marginal relief, surcharge and 4% cess.
100% private · calculations happen in your browser· No login required
Gross salary (not CTC: leave out employer PF and gratuity) plus business, rent, interest and other income
Deductions (old regime only)
The new regime does not allow these, so they are ignored in the new-regime figure. Both results are always shown so you can compare.
PPF, ELSS, EPF, LIC, home loan principal
Self + family + parents, capped at ₹1,00,000
Max ₹50,000 over and above 80C
If you live in rented accommodation
Up to ₹2L for self-occupied
Total tax payable
₹97,500
Want help filing your ITR?
Tax breakdown (slab tax before rebate)
Same slabs for FY 2025-26 (AY 2026-27) and tax year 2026-27. Treats all income as normal-rate income; capital gains taxed at special rates are not modelled.
These calculations are for indicative purposes only. For specific tax planning or filing, please consult a CA.
In the new regime, a resident individual pays no tax if taxable income is ₹12,00,000 or less, because the rebate cancels up to ₹60,000 of tax; with the ₹75,000 standard deduction, salary up to ₹12,75,000 is tax-free. Above that, slabs run from 5% to 30%, plus 4% cess. The old regime keeps 80C, 80D, HRA and home-loan interest but has higher rates and a rebate only up to ₹5,00,000. The rates are the same for the AY 2026-27 return (FY 2025-26, 1961 Act) and for tax year 2026-27 under the Income-tax Act, 2025.
Section 115BAC of the 1961 Act for FY 2025-26, and section 202 of the Income-tax Act, 2025 from 1 April 2026. Same slabs at every age.
| Taxable income | Rate | Tax at top of slab |
|---|---|---|
| Up to ₹4,00,000 | Nil | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹60,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹1,20,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹2,00,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹3,00,000 |
| Above ₹24,00,000 | 30% | — |
Available if you opt out of the new regime. The basic exemption is higher for senior citizens (60 to 80) and super senior citizens (80 and above).
| Taxable income | Below 60 | 60 to 80 | 80 and above |
|---|---|---|---|
| Up to ₹2,50,000 | Nil | Nil | Nil |
| ₹2,50,001 – ₹3,00,000 | 5% | Nil | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% | 5% | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% | 20% | 20% |
| Above ₹10,00,000 | 30% | 30% | 30% |
The rebate (section 87A for FY 2025-26, section 156 from tax year 2026-27) removes tax of up to ₹60,000 where taxable income is ₹12,00,000 or less in the new regime, and up to ₹12,500 where it is ₹5,00,000 or less in the old regime. Just above ₹12,00,000 the new regime adds marginal relief: tax cannot exceed the income above ₹12,00,000.
Worked example: salary of ₹13,00,000, new regime
Relief runs out at about ₹12,70,600 of taxable income (around ₹13,45,600 of salary), where normal slab tax takes over.
Tax including cess for a salaried resident below 60. The old-regime column assumes ₹1,50,000 under 80C and ₹25,000 under 80D. The last column is the total old-regime deductions (beyond the standard deduction) you would need just to equal the new regime.
| Gross salary | New regime | Old regime (₹1.75L deductions) | Deductions needed to break even |
|---|---|---|---|
| ₹8,00,000 | ₹0 | ₹28,600 | ₹2,50,000 |
| ₹10,00,000 | ₹0 | ₹70,200 | ₹4,50,000 |
| ₹12,75,000 | ₹0 | ₹1,32,600 | ₹7,25,000 |
| ₹15,00,000 | ₹97,500 | ₹2,02,800 | ₹5,44,000 |
| ₹20,00,000 | ₹1,92,400 | ₹3,58,800 | ₹7,08,500 |
| ₹25,00,000 | ₹3,19,800 | ₹5,14,800 | ₹8,00,000 |
| ₹50,00,000 | ₹10,99,800 | ₹12,94,800 | ₹8,00,000 |
From a salary of about ₹25 lakh upward the break-even stays near ₹8,00,000 of deductions, which few people reach without a large HRA claim and home-loan interest together. Figures are illustrative; your own numbers in the calculator above decide.
Surcharge is a percentage of income tax, charged once total income crosses ₹50 lakh, with marginal relief at each threshold. Health and education cess of 4% is then charged on tax plus surcharge in both regimes.
| Total income | New regime | Old regime |
|---|---|---|
| Up to ₹50 lakh | Nil | Nil |
| ₹50 lakh – ₹1 crore | 10% | 10% |
| ₹1 crore – ₹2 crore | 15% | 15% |
| ₹2 crore – ₹5 crore | 25% | 25% |
| Above ₹5 crore | 25% | 37% |
Read the full old vs new tax regime comparison, work out your exempt HRA with the HRA calculator, or check monthly salary TDS with the TDS on salary calculator. When you are ready to file, our ITR filing for salaried employees picks the cheaper regime for you, and tax planning helps structure investments before the year closes.
Reviewed by the CorporateWalla CA team, October 2026. Rates checked against the Income Tax Department's AY 2026-27 tax-regime page and sections 156 and 202 of the Income-tax Act, 2025. This is a working aid for resident individuals with slab-rate income, not a professional opinion.
CA-reviewed ITR filing from ₹899. file my itr with corporatewalla.
TDS on Salary
Quick estimate of TDS (tax deducted at source) on your salary. Choose Old or New regime, see monthly and annua…
Open calculator
HRA Exemption
Calculate how much HRA is exempt from tax. The exemption is the lowest of: actual HRA, 50% (metro) or 40% (non…
Open calculator
CTC vs In-hand
See your monthly take-home from your CTC. Includes Basic, HRA, Special allowance, Employer PF, Employee PF, Gr…
Open calculator
