Income Tax Calculator
New vs old regime
- New regime tax
- ₹97,500
- Old regime tax
- ₹2,10,600
- Taxable income (new)
- ₹14,25,000
- Taxable income (old)
- ₹13,00,000
- Monthly tax (new)
- ₹8,125
- Effective tax rate
- 6.5%
- In-hand per month (approx.)
- ₹1,16,875
Estimate for resident individuals, FY 2026-27. Check with a CA before filing.
How it worksNew regime: ₹75,000 standard deduction, slabs from 5% to 30%, no tax up to ₹12 lakh taxable (87A). Old regime: ₹50,000 standard deduction plus your deductions. 4% cess on both.
FAQs
Which is better, the new or old tax regime?
The new regime is usually better unless you claim large deductions like 80C, 80D, HRA and home loan interest. This calculator compares both for you.
Is income up to ₹12 lakh tax-free?
Yes, under the new regime for FY 2026-27, the Section 87A rebate makes taxable income up to ₹12 lakh tax-free. Salaried people also get a ₹75,000 standard deduction, so salary up to ₹12.75 lakh pays no tax.
What is the 4% cess?
Health and Education Cess is 4% of your income tax (plus surcharge, if any). It is added to every taxpayer’s final tax.