Which tax regime is better for me?

If your deductions (80C, 80D, HRA, home loan, NPS and so on) are larger than the break-even amount this calculator shows for your income, the old regime is cheaper. Otherwise the new regime is. For most people with modest deductions, the new regime wins.

What are the new regime tax slabs for Tax year 2026-27?

Nil up to Rs 4 lakh, 5% from Rs 4-8 lakh, 10% from Rs 8-12 lakh, 15% from Rs 12-16 lakh, 20% from Rs 16-20 lakh, 25% from Rs 20-24 lakh and 30% above Rs 24 lakh. Budget 2026 kept these rates for tax year 2026-27.

Up to what salary is there no tax in the new regime?

Rs 12 lakh of taxable income, thanks to a rebate of up to Rs 60,000. For salaried people that is about Rs 12.75 lakh of salary after the Rs 75,000 standard deduction. Just above Rs 12 lakh, marginal relief caps the tax at the income above Rs 12 lakh.

Can I switch between regimes?

Salaried people can generally choose each year when filing their return. People with business income have tighter rules on switching. Check the current rules on the Income Tax Department website before you decide.

Does this include capital gains?

No. It covers salary, pension and other income taxed at slab rates. Capital gains taxed at special rates are not included.

Old vs New Tax Regime Calculator

Enter your salary and deductions to see your income tax under both regimes for Tax year 2026-27, which one saves more, and the break-even point: how much you would need to claim in deductions for the old regime to win.

Annual salary / pension (gross)

Other income (interest, rent after 30%...)

Age

Tax year

Deductions (old regime only, except employer NPS)

80C: PF, PPF, ELSS, LIC, tuition...

Capped at ₹1,50,000

80D: health insurance premium

HRA exemption

Work it out with the CTC calculator (old regime, enter your rent)

Home loan interest (self-occupied)

Capped at ₹2,00,000

Own NPS, 80CCD(1B)

Capped at ₹50,000

Employer NPS, 80CCD(2) (both regimes)

Allowed up to 14% of salary (basic + DA) in the new regime; enter the amount on your payslip.

Other deductions (80E, 80G...)

The new regime saves you ₹1,05,300 a year (₹8,775 a month).

The old regime only wins if your deductions (besides the standard deduction) exceed ₹5,43,753. You have entered ₹1,75,000.

New regime

₹97,500

₹8,125 a month, 6.5% of income

Gross income: ₹15,00,000
Standard deduction: - ₹75,000
Other deductions: ₹-0
Taxable income: ₹14,25,000
Tax on slabs: ₹93,750
Rebate (incl. marginal relief): ₹-0
Cess (4%): ₹3,750

Old regime

₹2,02,800

₹16,900 a month, 13.5% of income

Gross income: ₹15,00,000
Standard deduction: - ₹50,000
Other deductions: - ₹1,75,000
Taxable income: ₹12,75,000
Tax on slabs: ₹1,95,000
Rebate (incl. marginal relief): ₹-0
Cess (4%): ₹7,800

New regime slabs (Tax year 2026-27)

Up to Rs. 4,00,000Nil

Rs. 4,00,001 - Rs. 8,00,0005%

Rs. 8,00,001 - Rs. 12,00,00010%

Rs. 12,00,001 - Rs. 16,00,00015%

Rs. 16,00,001 - Rs. 20,00,00020%

Rs. 20,00,001 - Rs. 24,00,00025%

Above Rs. 24,00,00030%

Standard deduction: Rs. 75,000 (salary). Rebate up to Rs. 60,000 when taxable income is Rs. 12,00,000 or less, with marginal relief just above it. 4% cess on tax.

Old regime slabs (Tax year 2026-27)

Up to Rs. 2,50,000Nil

Rs. 2,50,001 - Rs. 5,00,0005%

Rs. 5,00,001 - Rs. 10,00,00020%

Above Rs. 10,00,00030%

Standard deduction: Rs. 50,000 (salary). Rebate up to Rs. 12,500 when taxable income is Rs. 5,00,000 or less. 4% cess on tax.

For individuals with salary and other slab-rate income. Capital gains and other special-rate income are not included. An estimate, not tax advice.

What this calculator covers

Salaried and pension income

Both regimes for Tax year 2026-27, with rebate, surcharge and cess.

Interest, rent and other slab-rate income

Enter it as other income (rent after its 30% deduction).

Capital gains, lottery or other special-rate income

Taxed at separate rates; not included.

Monthly take-home from your CTC

Use the CTC calculator for PF, professional tax and monthly in-hand.

CTC to in-hand calculator

Features

Slabs, rebate, marginal relief, surcharge and cess for Tax year 2026-27
Break-even deductions: the amount at which the old regime starts to win
Old-regime deductions with their legal caps: 80C, 80D, HRA, home loan, NPS
Employer NPS counted in both regimes
Age bands for the old regime (below 60, 60-79, 80+)
Full line-by-line working for each regime

When to use it

Start of the financial year

Employers ask you to declare a regime for TDS. Check which one costs less first.

Filing your return

You can usually pick the better regime when you file. Compare with your actual deductions.

Planning investments

See whether extra 80C or NPS savings would make the old regime worth it.

Old vs new regime: how to decide

Break-even deductions at common salaries (Tax year 2026-27)

Deductions here means everything you claim in the old regime beyond the standard deduction: 80C (including your PF), 80D, HRA exemption, home-loan interest, NPS and others.

₹10,00,000 salary: the new regime always wins (no tax)
₹12,75,000 salary: the new regime always wins (no tax)
₹15,00,000 salary: the old regime wins only above ₹5,43,753 of deductions (new regime tax ₹97,500)
₹20,00,000 salary: the old regime wins only above ₹7,08,335 of deductions (new regime tax ₹1,92,400)
₹25,00,000 salary: the old regime wins only above ₹8,00,002 of deductions (new regime tax ₹3,19,800)
₹30,00,000 salary: the old regime wins only above ₹8,00,002 of deductions (new regime tax ₹4,75,800)

What changes between the regimes

New regime: lower rates, a Rs 75,000 standard deduction for salary, and a rebate that makes taxable income up to Rs 12 lakh tax-free. Most deductions are not allowed; employer NPS is.
Old regime: higher rates and a Rs 50,000 standard deduction, but 80C, 80D, HRA, home-loan interest and other deductions are allowed.
Surcharge applies above Rs 50 lakh in both, and is capped at 25% in the new regime.

Related tools

See your monthly take-home: CTC to In-Hand Salary Calculator.
Full single-regime working with deductions: Income Tax Calculator.