Income Tax Calculator FY 2026-27: Old vs New Regime
Compare tax under the new and old regime for FY 2026-27 (AY 2027-28) and see which one saves you more.
Tax comparison
| New regime | Old regime | |
|---|---|---|
| Taxable income | - | - |
| Tax after rebate | - | - |
| Surcharge | - | - |
| Cess (4%) | - | - |
| Total tax | - | - |
| Per month | - | - |
| Effective rate | - | - |
NRIs are not eligible for the Section 87A rebate, and the higher exemption limits for senior citizens apply only to residents.
Assumptions
Slabs for FY 2026-27 (AY 2027-28). New regime: up to ₹4 lakh nil, then 5%, 10%, 15%, 20%, 25% and 30% in ₹4 lakh steps above that, with a standard deduction of ₹75,000 and a Section 87A rebate making income up to ₹12 lakh tax-free for residents.
Old regime: basic exemption of ₹2.5 lakh (₹3 lakh for 60 to 79, ₹5 lakh for 80 and above), then 5%, 20% and 30%, with a standard deduction of ₹50,000 and a rebate of up to ₹12,500 for income up to ₹5 lakh.
Surcharge and 4% health and education cess are included, with marginal relief. The calculator is meant for salary and regular income. Capital gains and other special-rate income are not covered.
Which regime should I choose?
The new regime has lower rates but few deductions. The old regime can win if you claim substantial deductions such as HRA, 80C and home loan interest. Salaried taxpayers can usually switch each year, while business income earners have restrictions, so confirm your position.
Frequently asked questions
Is the new regime the default?
Yes, the new regime applies unless you opt for the old one.
Are NRIs covered?
Yes, select Non-resident. The rebate under Section 87A does not apply to NRIs.
Are employer NPS or other allowances included?
No. Enter your taxable gross income and use the deduction fields for the old regime.
Is this enough to file my return?
No. It is an estimate. Our professionals can prepare and file your return.
Read more: NRI income tax in India: the basics · Other calculators: GST Calculator · HRA Calculator · EMI Calculator
This calculator gives an estimate for general information only. It is not tax, legal or financial advice, and results depend on your exact circumstances and the rules in force. Please confirm with a qualified professional or the official source before acting. See our Terms & Disclaimer.
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