Compare Old vs New Tax Regimes
Enter your income and investments below to see which regime saves you more money.
Salaried Employee?
Applies standard deduction (₹75,000 for New, ₹50,000 for Old)
Gross Annual Income (₹)
Regime Comparison
| Parameter | Old Regime | New Regime |
|---|---|---|
| Gross Income | ₹ 12,00,000 | ₹ 12,00,000 |
| Deductions | - ₹ 2,25,000 | - ₹ 75,000 |
| Taxable Income | ₹ 9,75,000 | ₹ 11,25,000 |
| Slab Tax | ₹ 1,07,500 | ₹ 77,500 |
| Sec 87A Rebate | ₹ 0 | - ₹ 60,000 |
| Cess (4%) | ₹ 4,300 | ₹ 700 |
| Net Tax Payable | ₹ 1,11,800 | ₹ 18,200 |
Income Tax Slabs & Rules (FY 2026-27 / AY 2027-28)
New Tax Regime (Default)
- Tax Slabs: Up to 4L (Nil), 4-8L (5%), 8-12L (10%), 12-16L (15%), 16-20L (20%), 20-24L (25%), Above 24L (30%).
- Sec 87A Rebate: Taxable income up to ₹12 lakh is fully rebate-eligible (making it tax-free).
- Deductions allowed: Standard deduction of ₹75,000 for salaried employees and Sec 80CCD(2) employer NPS contribution. Most other deductions (80C, 80D, HRA, Sec 24b) are barred.
Old Tax Regime (Optional)
- Tax Slabs: Up to 2.5L (Nil), 2.5-5L (5%), 5-10L (20%), Above 10L (30%).
- Sec 87A Rebate: Taxable income up to ₹5 lakh is fully rebate-eligible (tax-free).
- Deductions allowed: Standard deduction of ₹50,000 for salaried employees, 80C (up to 1.5L), 80D (health premium), Sec 24(b) (home loan interest up to 2L), HRA exemptions, etc.