Compare your tax under the new and old regime for FY 2025-26 (AY 2026-27) and see which one saves you more — latest slabs, rebate and cess included.
| Income slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction ₹75,000 · Section 87A rebate makes income up to ₹12 lakh tax-free · 4% cess on top.
| Income slab | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction ₹50,000 · 87A rebate up to ₹5 lakh · deductions like 80C, 80D, HRA and home-loan interest allowed.
On a ₹15 lakh salary with ₹2 lakh of deductions: the new regime tax is about ₹97,500, while the old regime is about ₹1.95 lakh. The new regime wins here — but if your deductions were much larger, the old regime could pull ahead.
New regime (AY 2026-27): nil up to ₹4 lakh, 5% ₹4–8 lakh, 10% ₹8–12 lakh, 15% ₹12–16 lakh, 20% ₹16–20 lakh, 25% ₹20–24 lakh, 30% above ₹24 lakh, plus 4% cess. Salaried people get a ₹75,000 standard deduction.
Yes. A Section 87A rebate makes tax nil for a resident with taxable income up to ₹12 lakh under the new regime — about ₹12.75 lakh of gross salary after the ₹75,000 standard deduction. Marginal relief eases the jump just above ₹12 lakh.
It depends on your deductions. The new regime has lower rates but disallows most deductions; the old regime wins only when your 80C, 80D, HRA and home-loan claims are large. This calculator computes both and shows the lower one.
₹75,000 for salaried taxpayers under the new regime and ₹50,000 under the old regime. It is subtracted from your salary before tax is calculated.
Under the new regime, ₹15 lakh gross gives about ₹97,500 tax (taxable ₹14.25 lakh after standard deduction, including 4% cess). The old regime is usually higher unless you have large deductions — check both above.
It adds the 4% health and education cess. It does not compute surcharge on incomes above ₹50 lakh, or tax on capital gains and other special incomes.
Salaried individuals without business income can choose the regime each year when filing. The new regime is the default; you must actively opt for the old one if it suits you.
This gives the same slab-based result for a standard salaried case, but the official calculator on incometax.gov.in handles every deduction and special income. Use this for a quick estimate and the official one to file.