Income Tax Calculator — Compare New vs Old Regime
Compare tax liabilities under the latest Budget 2026 New Tax Regime slabs versus the Old Tax Regime. Zero tax up to ₹12.75 Lakhs gross salary!
Income & Tax Profile Details
FY 2026-27Old Regime Deductions & Exemptions (Section 80C, 80D, HRA)
Tax Liability Comparison (New vs Old)
Budget 2026 New Tax Regime Slabs (FY 2026-27)
Official tax slabs under Income Tax Act for Assessment Year 2027-28
New Tax Regime Slabs (Default)
| Income Tax Slab | Tax Rate |
|---|---|
| Up to ₹4,00,000 | NIL (0%) |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Old Tax Regime Slabs
| Income Tax Slab | Tax Rate |
|---|---|
| Up to ₹2,50,000 | NIL (0%) |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Zero Tax up to ₹12.75 Lakhs
Under New Regime, Section 87A rebate covers taxable income up to ₹12 Lakhs. With ₹75k Std Deduction, gross salary up to ₹12.75L is 100% tax-free!
The Tipping Point Rule
Old Regime only beats New Regime if your total deductions (80C + 80D + HRA + Home Loan) exceed ₹4.25 Lakhs per year.
Marginal Relief Shield
If taxable income slightly exceeds ₹12 Lakhs (e.g. ₹12.1 Lakhs), marginal relief caps the tax so it never exceeds the income above ₹12L!
Frequently Asked Questions (FAQ)
Everything you need to know about Income Tax filing for FY 2026-27
iHisab — Income Tax Calculation Report
Website: https://ihisab.in | Generated: 25 Jul 2026