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Income TaxFY 2025-26 (AY 2026-27)

Income Tax Calculator

Compare Old vs New regime for FY 2025-26 (AY 2026-27) and FY 2026-27 (AY 2027-28). Slab-wise breakdown, rebate, surcharge and cess — all in one place.

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Regime

Income

New regime: only the standard deduction of ₹75,000 (on salary) and employer NPS contribution u/s 80CCD(2) are allowed. Most other deductions (80C, 80D, HRA, home loan interest on self-occupied) are not available.
Tax payable — new regime
₹97,500
Effective rate 6.50%Take-home ₹14.03 L
↓New regime saves you ₹88,951 vs old
Gross income
₹15.00 L
Total deductions
₹75.0 K
incl. std. ded. ₹75.0 K
Taxable income
₹14.25 L
Tax before rebate
₹93.8 K
87A rebate
₹0
Surcharge
₹0
Cess (4%)
₹3.8 K
Total tax
₹97.5 K
Effective rate
6.50%
SlabRateIncome in slabTax
₹0 – ₹4.00 L0%₹4,00,000—
₹4.00 L – ₹8.00 L5%₹4,00,000₹20,000
₹8.00 L – ₹12.00 L10%₹4,00,000₹40,000
₹12.00 L – ₹16.00 L15%₹2,25,000₹33,750
Tax before rebate₹93,750
Add: Health & Education Cess (4%)+ ₹3,750
Total tax payable₹97,500
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Slabs as per Finance Act 2025 (effective AY 2026-27 onwards). Surcharge capped at 25% under new regime. 87A rebate: ₹60,000 (new, taxable ≤ ₹12L) / ₹12,500 (old, taxable ≤ ₹5L). Health & Education Cess @ 4%.

FAQs

Frequently asked questions

Which regime is better for me — old or new?+
It depends on your deductions. The new regime (Budget 2025) has lower slab rates and a higher 87A rebate (₹60,000 up to ₹12L taxable income), but disallows most deductions. If your total deductions (80C + 80D + HRA + home loan + standard deduction) exceed roughly ₹4–4.5 lakh, the old regime may still win. This calculator computes both side-by-side and flags the cheaper one.
What changed in the Budget 2025 new regime slabs?+
Slabs were revised to: ₹0–4L nil, ₹4–8L 5%, ₹8–12L 10%, ₹12–16L 15%, ₹16–20L 20%, ₹20–24L 25%, above ₹24L 30%. Standard deduction stays at ₹75,000 and the 87A rebate goes up to ₹60,000 for taxable income up to ₹12L. Effective FY 2025-26 (AY 2026-27).
Is the new regime the default?+
Yes — from AY 2024-25 the new regime is the default. You must explicitly opt for the old regime if you want it (Form 10-IEA for those with business income).
Does this include surcharge and cess?+
Yes. Surcharge applies above ₹50L (10%), ₹1Cr (15%), ₹2Cr (25%) and ₹5Cr (37% old / 25% new — capped). Health & Education Cess of 4% applies on tax + surcharge.
Can I rely on this number for filing my ITR?+
Use it as a planning estimate. Your actual filing should account for capital gains taxed at special rates, foreign income, clubbed income, MAT/AMT and other items not modelled here. For exact computation, consult a chartered accountant.
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