Income Tax Calculator 2026-27 — New vs Old Regime
Enter your numbers to compare tax under both regimes and see which one saves you more. Everything is computed locally in your browser — no data is sent anywhere.
Your Details
Deductions (available only in the OLD regime)
New Regime (default) WINNER
| Gross Income | ₹12,75,000 |
| Standard Deduction | − ₹75,000 |
| Taxable Income | ₹12,00,000 |
| Slab Tax | ₹0 |
| Rebate (Sec 156 / 87A) | Fully waived (up to ₹60,000) |
| Cess (4%) | ₹0 |
Old Regime (0 Deductions)
| Gross Income | ₹12,75,000 |
| Standard Deduction | − ₹50,000 |
| Deductions (80C+80D+HRA) | − ₹0 |
| Taxable Income | ₹12,25,000 |
| Slab Tax | ₹1,77,500 |
| Cess (4%) | ₹7,100 |
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Frequently Asked Questions
Yes! For salaried taxpayers, the ₹75,000 standard deduction reduces ₹12,75,000 gross salary to ₹12,00,000 taxable income. Under Section 87A (Section 156 of the Income Tax Act 2025), normal slab tax up to ₹60,000 is 100% rebated at or below ₹12,00,000 taxable income, making total tax ₹0.
Marginal relief protects you! At ₹12.90L salary (₹12.15L taxable income), your tax before cess cannot exceed the ₹15,000 income above ₹12,00,000. So instead of paying ₹62,250 slab tax, you pay only ₹15,000 + 4% cess = ₹15,600.
At ₹15 lakh salary, you need over ₹5.25 lakh in total deductions (HRA + 80C + 80D + Home Loan Interest) for the Old Regime to tie with the New Regime. At ₹20 lakh+, the breakeven point is roughly ₹7.12 lakh to ₹8.0 lakh of deductions.
No. Special-rate income such as Section 111A STCG (20%) and Section 112A LTCG (12.5% above ₹1.25 lakh exemption) does not qualify for the Section 87A / Section 156 rebate and is taxed separately.