Income tax calculator
Compare your tax liability under the old and new regimes.
Last reviewed: August 2026 · Figures are estimates for general planning only — see the explanation below for this calculator's specific assumptions.
on a gross income of ₹12,00,000, New regime works out cheaper — you would pay ₹0 under the new regime versus ₹1,63,800 under the old one. Check whether HRA exemption changes this comparison
Old vs new tax regime — FY 2025-26 / FY 2026-27
The new regime (default since FY 2023-24) uses wider slabs, a ₹75,000 standard deduction, and a rebate that makes taxable income up to ₹12 lakh tax-free, but does not allow 80C/80D deductions. The old regime allows those deductions but has narrower slabs. Budget 2026 made no changes to either regime’s rates. This calculator ignores surcharge, which only applies above ₹50 lakh income.
Frequently asked questions
Which tax regime is the default?
The new tax regime has been the default since FY 2023-24. If you want to be taxed under the old regime instead, you need to explicitly opt for it while filing your return (salaried individuals can also choose each year).
Is income up to ₹12 lakh really tax-free in the new regime?
Yes, for a resident individual with net taxable income up to ₹12,00,000 under the new regime, the Section 87A rebate brings the tax liability to nil. With the ₹75,000 standard deduction, salaried income up to about ₹12.75 lakh can be effectively tax-free.
Common questions answered
- Do I pay any tax on an ₹8 lakh salary?
- What tax does a ₹11 lakh salary attract after the 87A rebate?
- What is the tax difference for a 65-year-old earning ₹17 lakh?
- How much tax on a ₹40 lakh salary under the new regime?
- How much tax on a ₹22 lakh salary with full 80C and 80D claimed?
- How much tax does a senior citizen pay on a ₹18 lakh income?
- Old vs new regime: which is better for a ₹16 lakh salary with ₹2 lakh in deductions?
- How much tax for a super senior citizen on a ₹16 lakh pension income?