India income tax calculator FY 2026-27: old vs new regime
Enter a yearly salary to see the income tax under the new and the old regime side by side, with the gap between them in rupees.
Results
Take home pay
₹13,80,900
You keep 92.06%.
- Income tax a year
- ₹97,500
- Marginal rate
- 15.60%
- -
- -
- Employer cost a year
- ₹15,23,400
Side by side
New regime
Highest take home
₹13,80,900 a year
Income tax ₹97,500 a year
₹1,53,161 a year more than Old regime
Old regime
₹12,27,739 a year
Income tax ₹2,50,661 a year
₹1,53,161 a year less than New regime
| Item | A year |
|---|---|
| Gross pay | ₹15,00,000 |
| Income tax | ₹93,750 |
| Health and education cess | ₹3,750 |
| EPF | ₹21,600 |
| Total deductions | ₹1,19,100 |
| Take home pay | ₹13,80,900 |
| Item | A year |
|---|---|
| EPF (employer) | ₹6,600 |
| EPS pension (employer) | ₹15,000 |
| EDLI insurance (employer) | ₹900 |
| EPF admin charges (employer) | ₹900 |
| Item | New regime | Old regime |
|---|---|---|
| Gross salary | ₹15,00,000 | ₹15,00,000 |
| Standard deduction | ₹75,000 | ₹50,000 |
| Section 123 (80C) including EPF | ₹0 | ₹21,600 |
| Taxable income | ₹14,25,000 | ₹14,28,400 |
| Tax on slabs | ₹93,750 | ₹2,41,020 |
| Cess | ₹3,750 | ₹9,641 |
| Total tax | ₹97,500 | ₹2,50,661 |
| Take home pay | ₹13,80,900 | ₹12,27,739 |
A year. The new regime allows only the standard deduction and employer NPS for salary.
What this does not include
- Works out the tax on salary from one employer for a resident individual. Income from a business, a let out house, capital gains or interest is outside it, and so is the tax on special rate income, which the section 156 rebate never reduces.
- The higher nil slabs of the old regime for ages 60 to 79 and 80 and over are for residents. A non resident of any age is taxed on the under 60 table, and this page has no residence switch.
- Old regime deductions are limited to the ones under More options. Other Chapter VIII deductions, rent paid without HRA under section 134 and family pension are not included.
- Employer NPS counts only up to the section 124 limit of the regime and the employer type, and employer contributions above 7,50,000 a year are not added back as a perquisite.
- Old 1961 Act names such as (80C) or (87A) appear in brackets because people still search for them; the 2025 Act section numbers lead because they are the official ones.
- The figures cover a full tax year at a steady salary. The TDS an employer deducts each month can be spread differently, for example after a bonus or a mid year rise.
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For information only, not financial, tax or legal advice.
Last updated . Method checked . Rates checked 2 November 2026. Methodology
India has two income tax regimes for salaried people, and the Income-tax Act 2025 keeps the new one as the default for tax year 2026-27, which runs from 1 April 2026 to 31 March 2027. The new regime has lower slab rates and almost no deductions. The old regime has higher rates but allows HRA, section 123 (80C), section 126 (80D), home loan interest and more. This calculator works out both for the same salary, with the section 156 rebate, marginal relief, any surcharge and the 4% health and education cess, and puts them on two cards with the difference in rupees. On ₹15,00,000 a year the new regime tax is ₹97,500, while the old regime tax with ₹1,50,000 of 80C is ₹2,10,600. Amounts print in lakh and crore, and the salary you type is never sent anywhere.
How to use the India Income Tax Calculator
- Type the gross salary for the year, or switch Salary per to Month if you know only the monthly figure.
- Pick the age band if you are a resident aged 60 or over, since it changes the old regime slabs. Tip: The new regime has one slab table for every age.
- Open More options to add old regime deductions: section 123 (80C), section 126 (80D), HRA with the rent you pay, home loan interest and NPS. Tip: These change only the old regime card. The new regime card ignores them.
- Read the two cards under Side by side. Each shows one regime's income tax for the year and the take home after it, and the card that keeps more is marked.
- Open How we calculate for the table that lays out both regimes line by line, from gross salary down to the cess.
Worked example
A resident under 60 earns a gross salary of ₹15,00,000 in tax year 2026-27, with basic pay at half of it and EPF on the wage ceiling. For the old regime card ₹1,50,000 of section 123 (80C) investments is entered. Amounts are in Indian rupees (INR).
| Input | Value |
|---|---|
| Salary for the year before tax | ₹15,00,000 |
| Tax regime | New regime |
| Section 123 (80C) investments a year | ₹1,50,000 (old regime only) |
| Age in the tax year | Under 60 |
New regime taxable income = 15,00,000 - 75,000 = 14,25,000 New regime slabs = 5% x 4,00,000 + 10% x 4,00,000 + 15% x 2,25,000 = 20,000 + 40,000 + 33,750 = 93,750 Cess = 4% x 93,750 = 3,750, so the new regime tax is 97,500 Old regime taxable income = 15,00,000 - 50,000 - 1,50,000 = 13,00,000 Old regime slabs = 1,12,500 + 30% x 3,00,000 = 2,02,500, plus cess of 8,100 = 2,10,600 Difference = 2,10,600 - 97,500 = 1,13,100 less tax in the new regime
- Income tax a year, new regime
- ₹97,500
- Health and education cess, new regime
- ₹3,750
- Income tax a year, old regime
- ₹2,10,600
- Take home a year after tax and EPF, new regime
- ₹13,80,900
- Marginal rate with the cess
- 15.60%
Slabs, rebate, standard deductions and cess from the tax year 2026-27 rates file, checked on 2 November 2026 against the Income-tax Act 2025 and the Finance Act 2026.
How it is calculated
New regime taxable income = gross salary - standard deduction - employer NPS (section 124)
Old regime taxable income = gross salary - HRA exemption - standard deduction - professional tax - home loan interest - sections 123, 126 and 124 deductions
Tax = slab tax - section 156 rebate + surcharge, then + cess on tax and surcharge
Difference = old regime tax - new regime tax
Section 202 of the Income-tax Act 2025 sets the new regime slabs: nothing up to ₹4,00,000, then 5% more on each further ₹4,00,000 until 30% applies above ₹24,00,000. It applies unless the person opts out. The old regime, open by option under section 202(4), keeps the Finance Act 2026 table of 5%, 20% and 30% above a nil slab of ₹2,50,000, which rises to ₹3,00,000 for residents aged 60 to 79 and ₹5,00,000 from 80.
Every run works out both regimes. Each card under Side by side shows that regime's income tax for the year and the take home after tax, EPF and any professional tax, and the card that keeps more carries the mark. The line under it states the gap in rupees. Gross pay and EPF are the same in both regimes, so the gap in take home equals the gap in tax.
The rebate under section 156 is where most salaried tax ends. In the new regime it removes up to ₹60,000 of tax while taxable income stays at or under ₹12,00,000, and marginal relief limits the tax above that line to the income over it, until about ₹12,70,588. The old regime rebate is ₹12,500 up to ₹5,00,000 with no relief at all, so one rupee over that line adds about ₹13,000 of tax for someone under 60.
A surcharge starts above ₹50,00,000 of taxable income, with marginal relief at each threshold, and the new regime stops at 25%. The 4% cess comes last, charged on tax plus surcharge, and has no relief of its own.
In the worked example of ₹15,00,000, the new regime taxes ₹14,25,000 and the old regime, with the full ₹1,50,000 under section 123 (80C), taxes ₹13,00,000. The old table reaches 30% at ₹10,00,000, so its tax is ₹2,10,600 against ₹97,500. Employee EPF of ₹21,600 already counts inside the section 123 limit, so the ₹1,50,000 entered fills it.
Tax is worked out to the paisa and shown to the rupee. The month view divides each yearly figure by 12.
Frequently asked questions
How much income tax is due on a salary of 15 lakh?
In the new regime the ₹75,000 standard deduction leaves taxable income of ₹14,25,000. The slabs charge ₹93,750 on that and the 4% cess adds ₹3,750, so the tax is ₹97,500 a year, or ₹8,125 a month. In the old regime, with ₹1,50,000 under section 123 (80C) and the ₹50,000 standard deduction, the tax is ₹2,10,600, which is ₹1,13,100 more.
Why is a salary of 12.75 lakh free of income tax?
The ₹75,000 standard deduction brings ₹12,75,000 of salary down to taxable income of exactly ₹12,00,000. The slabs charge ₹60,000 on that, and the section 156 rebate (87A) takes off up to ₹60,000 for a resident whose taxable income is not over that line. So the tax and the cess are both zero. The rebate does not reach tax on special rate income such as capital gains.
What happens to the tax just above 12 lakh of taxable income?
Marginal relief keeps the tax to the income over ₹12,00,000. At ₹12,85,000 of salary the taxable income is ₹12,10,000, so the tax is ₹10,000 instead of ₹61,500 on the slabs, and the cess makes it ₹10,400. The cess gets no relief, so in this zone each extra rupee of salary lowers take home by about 4 paise. The relief runs out at about ₹12,70,588 of taxable income.
Which deductions does the new regime allow on a salary?
Only two: the ₹75,000 standard deduction and the employer's NPS contribution under section 124 (80CCD(2)), up to 14% of basic pay plus DA for any employer. HRA, section 123 (80C), section 126 (80D), your own NPS under section 124(3) and home loan interest on a self occupied home lower tax in the old regime only, so the new regime card leaves them out.
When does a surcharge apply to income tax in India?
Once taxable income passes ₹50,00,000: 10% of the tax up to ₹1,00,00,000, 15% up to ₹2,00,00,000 and 25% above. The old regime adds a 37% band above ₹5,00,00,000. At each line marginal relief stops tax plus surcharge rising by more than the income over it, and the cess is charged on the two together.
Guides for this tool
Sources
- The Income-tax Act, 2025, Gazette of India, 21 August 2025: section 202 slabs, section 156 rebate and marginal relief, section 19 standard deduction, sections 22, 123, 124 and 126 deductions, section 1(3) commencement on 1 April 2026 (read from an Internet Archive capture of the official file) checked 2 November 2026
- The Finance Act, 2026 (No. 4 of 2026): old regime slabs by age, surcharge with marginal relief and the 4% Health and Education Cess (read from an Internet Archive capture of the official file) checked 2 November 2026
- Memorandum explaining the provisions in the Finance Bill, 2026: no change in tax rates and no marginal relief on the cess checked 2 November 2026
- Income-tax Rules, 2026, Rule 279: the HRA exemption and the eight cities at 50% (read from an Internet Archive capture of the official file) checked 2 November 2026