Income tax calculator: new vs old regime
Enter your income and deductions to see your tax for 2026-27 under both regimes side by side, slab by slab, with the regime that saves you more.
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Tax year 2026-27 · new and old regime · Excel
How to use the Income Tax Calculator
- Enter your incomeType your yearly salary or pension before deductions, and any other income such as interest.
- Pick your age groupBelow 60, 60 to 79, or 80 and above. Age changes the old regime’s basic exemption.
- Add old regime deductionsIn the settings, fill in 80C, 80D, HRA exemption, home loan interest and NPS if you have them.
- Compare and downloadSee both totals, the monthly tax and the slab-wise working, then download the comparison as Excel.
Why use this income tax calculator
For the tax year 2026-27 (1 April 2026 to 31 March 2027) the new regime is the default. Its slabs are: up to ₹4 lakh nil, ₹4 to 8 lakh 5%, ₹8 to 12 lakh 10%, ₹12 to 16 lakh 15%, ₹16 to 20 lakh 20%, ₹20 to 24 lakh 25%, and above ₹24 lakh 30%. Salaried people and pensioners get a standard deduction of ₹75,000, and a rebate makes taxable income up to ₹12 lakh tax-free.
The old regime allows deductions such as 80C, 80D, HRA and home loan interest, with a ₹50,000 standard deduction. Which one is better depends on how much you can claim. Health and education cess of 4% applies in both. This calculator is an estimate for resident individuals and leaves out capital gains and other special-rate income.
- 2026-27 slabsNew regime slabs from ₹4 lakh to ₹24 lakh, unchanged in Budget 2026.
- Rebate and marginal reliefTax-free up to ₹12 lakh of taxable income in the new regime, with marginal relief just above it.
- Both regimes, side by sideEach regime’s deductions, slabs, surcharge and cess, with the saving highlighted.
- Senior citizensOld regime exemptions for 60 to 79 and 80 and above.
- Excel workingA comparison sheet and slab sheets for both regimes.
Questions people ask
What are the new regime tax slabs for 2026-27?
Up to ₹4 lakh nil, ₹4 to 8 lakh 5%, ₹8 to 12 lakh 10%, ₹12 to 16 lakh 15%, ₹16 to 20 lakh 20%, ₹20 to 24 lakh 25%, and above ₹24 lakh 30%, plus 4% cess.
Is income up to ₹12 lakh tax-free?
In the new regime, yes, if your taxable income is up to ₹12 lakh, thanks to the rebate. For salaried people that means a salary of up to ₹12.75 lakh after the ₹75,000 standard deduction. Special-rate income such as capital gains is treated separately.
Which regime is better for me?
The old regime helps when your deductions, such as 80C, HRA, 80D and home loan interest, are large. Enter them and the calculator shows which regime gives lower tax.
What is marginal relief?
Just above ₹12 lakh of taxable income, the new regime’s tax cannot be more than the income above ₹12 lakh. It stops a small raise from creating a big tax bill.
Is this the final tax I have to pay?
It is an estimate. Your final tax depends on all your income and claims. Check with a chartered accountant or the Income Tax portal before filing.
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From the H View blog
H View money tools work out every number in your browser, so nothing you type is sent to H View. They are estimates to help you plan, based on the rules described on this page as of October 2026, and are not tax, legal or financial advice. Check important decisions with a chartered accountant or your bank. Need a custom calculator or a GST billing system for your business? Talk to the H View team.
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